Southeast Indianapolis, Indianapolis, IN—46239
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southeast Indianapolis, Indianapolis, IN
As of Oct '25, the median home price in Southeast Indianapolis, Indianapolis, IN is $290,000, with a year-over-year change of 1.5%. This indicates that home prices in Southeast Indianapolis, 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 | $290,000 | 1.5% |
| Single Family | $290,000 | 1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | 3.3% |
3 Bed | $261,000 | 1.6% |
4 Bed | $323,000 | 1.3% |
| 5 Bed | $403,000 | 0.8% |
% of Housing Stock
Rental Trends — Southeast Indianapolis, Indianapolis, IN
As of July '25, Rentcast reports the average rent in Southeast Indianapolis, Indianapolis, IN is $1,940, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Southeast Indianapolis, Indianapolis, IN is 1-bedrooms: $1,180, 2-bedrooms: $1,640, 3-bedrooms: $1,840, 4-bedrooms: $2,140. The most common rental property sizes in Southeast Indianapolis, Indianapolis, IN are 3-bedroom and 2-bedroom, accounting for 35.4% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $1,940 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,070 | $1,180 |
| 2 Bed Rent | $1,390 | $1,640 |
| 3 Bed Rent | $1,780 | $1,840 |
| 4 Bed Rent | $2,040 | $2,140 |
% of Rental Stock
Property Listings — Southeast Indianapolis, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Southeast Indianapolis, Indianapolis, IN is 50. This is a decrease of -15.0% 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 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $322,000 | 2.0% |
Listing Count | 211 | 32.0% |
| Listings as % of Homes | 1.1% | 32.0% |
Days on Market | 50 | -15.0% |
Demographics — Southeast Indianapolis, Indianapolis, IN
As of the latest ACS Survey released in 2023, Southeast Indianapolis, Indianapolis, IN has a population of 33,400, which has increased by 12.9% over the past 5 years. Southeast Indianapolis, Indianapolis, IN is a popular place for families, as children make up 31.0% of the population. The area has a moderately educated workforce, with 36.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,400 | 12.9% |
% Under 18 | 31.0% | 3.3% |
% Seniors | 10.3% | 4.0% |
% WFH | 11.3% | 169.0% |
% w/ College Degree | 36.7% | 20.3% |
As of the latest ACS Survey released in 2023, Southeast Indianapolis, Indianapolis, IN is a predominantly white area, with 56.9% of the population identifying as white. The white population has shrunk by 24.2% in the last 5 years. The second most common race or ethnicity in Southeast Indianapolis, Indianapolis, IN is black, making up 24.2% of the population. Foreign-born residents account for 6.8% of the population in Southeast Indianapolis, Indianapolis, IN, and this percentage has increased by 47.8% 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 | 56.9% | -24.2% |
% Black | 24.2% | 87.6% |
% Hispanic | 8.6% | 43.3% |
% Asian | 4.4% | 41.9% |
% Foreign Born | 6.8% | 47.8% |
Mortgage and Risk — Southeast Indianapolis, Indianapolis, IN
According to HUD data as of 2023, there were 974 mortgage originations in Southeast Indianapolis, Indianapolis, IN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Southeast Indianapolis, Indianapolis, IN. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 974 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Southeast Indianapolis, Indianapolis, IN
As of 2024, the percent of homes in Southeast Indianapolis, Indianapolis, IN under the Section 8 program is 4.0%. 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 Southeast 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 | 89 |
Total Units Section 8 | 89 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,070 | $1,220 |
| 2 Bedroom | $40 | $1,390 | $1,430 |
| 3 Bedroom | $80 | $1,780 | $1,860 |
| 4 Bedroom | $220 | $2,040 | $2,260 |
Affordability — Southeast Indianapolis, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $290,000 |
| Median Household Income | $92,200 |