Indianapolis, IN—46225
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Indianapolis, IN
Home Price Trends — Indianapolis, IN
As of Oct '25, the median home price in Indianapolis, IN is $166,000, with a year-over-year change of -3.9%. This indicates that home prices in Indianapolis, IN are decreasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $166,000 | -3.9% |
| Single Family | $165,000 | -5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $146,000 | -5.8% |
3 Bed | $181,000 | -4.2% |
4 Bed | $216,000 | -3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Indianapolis, IN
As of July '25, Rentcast reports the average rent in Indianapolis, IN is $1,390, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Indianapolis, IN is studios: $1,170, 1-bedrooms: $900, 2-bedrooms: $1,480, 3-bedrooms: $1,650, 4-bedrooms: $2,060. The most common rental property sizes in Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 37.5% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,390 |
| Studio Rent | $1,200 | $1,170 |
| 1 Bed Rent | $795 | $900 |
| 2 Bed Rent | $1,150 | $1,480 |
| 3 Bed Rent | $1,550 | $1,650 |
| 4 Bed Rent | $2,000 | $2,060 |
% of Rental Stock
Property Listings — Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Indianapolis, IN is 38. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | -14.0% |
Listing Count | 73 | 9.0% |
| Listings as % of Homes | 1.6% | 9.0% |
Days on Market | 38 | -8.0% |
Demographics — Indianapolis, IN
As of the latest ACS Survey released in 2023, Indianapolis, IN has a population of 5,540, which has decreased by -12.9% over the past 5 years. Indianapolis, IN is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 29.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,540 | -12.9% |
% Under 18 | 25.1% | 26.8% |
% Seniors | 10.0% | -20.6% |
% WFH | 12.9% | 268.6% |
% w/ College Degree | 29.1% | 59.0% |
As of the latest ACS Survey released in 2023, Indianapolis, IN is a predominantly white area, with 68.4% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Indianapolis, IN is black, making up 10.9% of the population. Foreign-born residents account for 9.2% of the population in Indianapolis, IN, and this percentage has decreased by 6.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.4% | -4.3% |
% Black | 10.9% | -1.8% |
% Hispanic | 10.2% | -26.1% |
% Asian | 1.5% | 87.5% |
% Foreign Born | 9.2% | -6.1% |
Mortgage and Risk — Indianapolis, IN
According to HUD data as of 2023, there were 89 mortgage originations in Indianapolis, IN, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Indianapolis, IN. Investor activity is low, as 13.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 89 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 13.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Indianapolis, IN
As of 2024, the percent of homes in Indianapolis, IN under the Section 8 program is 8.2%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Indianapolis, IN, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 82 |
Total Units Section 8 | 82 |
% Rentals under Section 8 | 8.2% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $245 | $795 | $1,040 |
| 2 Bedroom | $70 | $1,150 | $1,220 |
| 3 Bedroom | $40 | $1,550 | $1,590 |
| 4 Bedroom | -$80 | $2,000 | $1,920 |
Affordability — Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $166,000 |
| Median Household Income | $47,900 |