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  5. /Northeast Indianapolis, Indianapolis, IN - 46227

Northeast Indianapolis, Indianapolis, IN—46227

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$230,000
0.6% YoY Growth
Household Income
$51,000
25.5% YoY Growth
Days on Market
40
31.0% Longer YoY
Home Price Forecast
1.1%
Median Rent
$1,250
9.7% YoY Growth
1-Bed Rent
$900
18.8% YoY Growth
2-Bed Rent
$1,120
7.4% YoY Growth
3-Bed Rent
$1,550
1.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Northeast Indianapolis, Indianapolis, IN

As of May '26, the median home price in Northeast Indianapolis, Indianapolis, IN is $230,000, with a year-over-year change of -0.6%. This indicates that home prices in Northeast Indianapolis, Indianapolis, IN are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$230,000-0.6%
Single Family $235,000-0.8%
Condos $135,0000.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $121,000
    -2.4%
    2 Bed
    		$174,0000.0%
    3 Bed
    		$237,000-0.8%
    4 Bed
    		$279,000-0.7%
    5 Bed $321,3030.0%
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    % of Housing Stock

    Studio
    3.3%
    1 Bedroom
    17.1%
    2 Bedrooms
    36.8%
    3 Bedrooms
    32.4%
    4 Bedrooms
    9.2%
    5+ Bedrooms
    1.2%

    Rental Trends — Northeast Indianapolis, Indianapolis, IN

    As of July '25, Rentcast reports the average rent in Northeast Indianapolis, Indianapolis, IN is $1,310, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Northeast Indianapolis, Indianapolis, IN is studios: $869, 1-bedrooms: $883, 2-bedrooms: $1,160, 3-bedrooms: $1,540, 4-bedrooms: $1,680. The most common rental property sizes in Northeast Indianapolis, Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 46.3% and 28.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,250$1,310
    Studio Rent $840$869
    1 Bed Rent $900$883
    2 Bed Rent $1,120$1,160
    3 Bed Rent $1,550$1,540
    4 Bed Rent $1,650$1,680
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    % of Rental Stock

    Studio
    5.6%
    1 Bedroom
    28.5%
    2 Bedrooms
    46.3%
    3 Bedrooms
    16.8%
    4 Bedrooms
    2.2%
    5+ Bedrooms
    0.5%

    Property Listings — Northeast Indianapolis, Indianapolis, IN

    As of May '26, Realtor.com reports that the median days on market for a home in Northeast Indianapolis, Indianapolis, IN is 40. 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$255,0005.0%
    Listing Count
    		17627.0%
    Listings as % of Homes0.4%27.0%
    Days on Market
    		4031.0%
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    Demographics — Northeast Indianapolis, Indianapolis, IN

    As of the latest ACS Survey released in 2023, Northeast Indianapolis, Indianapolis, IN has a population of 57,200, which has remained stable by 1.0% over the past 5 years. Northeast Indianapolis, Indianapolis, IN is a moderately popular place for families, as children make up 22.9% of the population. The area has a poorly educated workforce, with 21.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		57,2001.0%
    % Under 18
    		22.9%1.8%
    % Seniors
    		14.1%-2.8%
    % WFH
    		6.6%288.2%
    % w/ College Degree
    		21.4%4.4%
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    As of the latest ACS Survey released in 2023, Northeast Indianapolis, Indianapolis, IN is a predominantly white area, with 61.4% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in Northeast Indianapolis, Indianapolis, IN is asian, making up 12.5% of the population. Foreign-born residents account for 16.6% of the population in Northeast Indianapolis, Indianapolis, IN, and this percentage has increased by 0.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		61.4%-11.1%
    % Black
    		10.8%68.8%
    % Hispanic
    		9.5%14.5%
    % Asian
    		12.5%-7.4%
    % Foreign Born
    		16.6%0.6%
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    Mortgage and Risk — Northeast Indianapolis, Indianapolis, IN

    According to HUD data as of 2023, there were 999 mortgage originations in Northeast Indianapolis, Indianapolis, IN, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Northeast Indianapolis, Indianapolis, IN. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		999
    % Conventional Loans
    		73.0%
    % Government Loans
    		27.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		17.0%
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    Rentals and Section 8 — Northeast Indianapolis, Indianapolis, IN

    As of 2024, the percent of homes in Northeast Indianapolis, Indianapolis, IN under the Section 8 program is 7.2%. 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. In Northeast Indianapolis, 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
    		1,124
    Total Units Section 8
    		1,009
    % Rentals under Section 8
    		7.2%
    % Occupied Section 8
    		74.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$140$900$1,040
    2 Bedroom$100$1,120$1,220
    3 Bedroom$40$1,550$1,590
    4 Bedroom$270$1,650$1,920

    Affordability — Northeast Indianapolis, Indianapolis, IN

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$230,000
    Median Household Income$51,000

    Northeast Indianapolis, Indianapolis, IN — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    46237

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    Greenwood, IN

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    Frequently Asked Questions