Decatur Township, Indianapolis, IN—46217
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Decatur Township, Indianapolis, IN
As of Oct '25, the median home price in Decatur Township, Indianapolis, IN is $256,000, with a year-over-year change of 1.0%. This indicates that home prices in Decatur Township, Indianapolis, IN are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | 1.0% |
| Single Family | $258,000 | 1.2% |
| Condos | $213,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $209,000 | 1.0% |
3 Bed | $248,000 | 0.8% |
4 Bed | $310,000 | 1.6% |
| 5 Bed | $385,000 | 0.5% |
% of Housing Stock
Rental Trends — Decatur Township, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Decatur Township, Indianapolis, IN is $1,770, with a year-over-year rent change of 2.3%. Per bedroom, the median rent as of July '25 in Decatur Township, Indianapolis, IN is studios: $3,500, 1-bedrooms: $831, 2-bedrooms: $1,360, 3-bedrooms: $1,810, 4-bedrooms: $2,060. The most common rental property sizes in Decatur Township, Indianapolis, IN are 1-bedroom and 3-bedroom, accounting for 39.9% and 25.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,780 | $1,770 |
| Studio Rent | $3,500 | $3,500 |
| 1 Bed Rent | $650 | $831 |
| 2 Bed Rent | $1,280 | $1,360 |
| 3 Bed Rent | $1,780 | $1,810 |
| 4 Bed Rent | $1,950 | $2,060 |
% of Rental Stock
Property Listings — Decatur Township, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Decatur Township, Indianapolis, IN is 59. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $272,000 | 4.0% |
Listing Count | 137 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 59 | 31.0% |
Demographics — Decatur Township, Indianapolis, IN
As of the latest ACS Survey released in 2023, Decatur Township, Indianapolis, IN has a population of 38,700, which has increased by 9.9% over the past 5 years. Decatur Township, Indianapolis, IN is a popular place for families, as children make up 29.2% of the population. The area has a moderately educated workforce, with 33.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,700 | 9.9% |
% Under 18 | 29.2% | -1.0% |
% Seniors | 11.6% | 0.9% |
% WFH | 12.0% | 252.9% |
% w/ College Degree | 33.1% | -2.1% |
As of the latest ACS Survey released in 2023, Decatur Township, Indianapolis, IN is a predominantly white area, with 58.5% of the population identifying as white. The white population has shrunk by 24.5% in the last 5 years. The second most common race or ethnicity in Decatur Township, Indianapolis, IN is asian, making up 19.8% of the population. Foreign-born residents account for 16.5% of the population in Decatur Township, Indianapolis, IN, and this percentage has increased by 70.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 58.5% | -24.5% |
% Black | 9.7% | 73.2% |
% Hispanic | 8.1% | 47.3% |
% Asian | 19.8% | 130.2% |
% Foreign Born | 16.5% | 70.1% |
Mortgage and Risk — Decatur Township, Indianapolis, IN
According to HUD data as of 2023, there were 617 mortgage originations in Decatur Township, Indianapolis, IN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Decatur Township, Indianapolis, IN. Investor activity is low, as 0.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 617 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Decatur Township, Indianapolis, IN
As of 2024, the percent of homes in Decatur Township, Indianapolis, IN under the Section 8 program is 0.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Decatur Township, Indianapolis, IN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $590 | $650 | $1,240 |
| 2 Bedroom | $170 | $1,280 | $1,450 |
| 3 Bedroom | $110 | $1,780 | $1,890 |
| 4 Bedroom | $340 | $1,950 | $2,290 |
Affordability — Decatur Township, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $256,000 |
| Median Household Income | $88,300 |