North Indianapolis, Indianapolis, IN—46260
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Indianapolis, Indianapolis, IN
As of Oct '25, the median home price in North Indianapolis, Indianapolis, IN is $300,000, with a year-over-year change of 0.6%. This indicates that home prices in North Indianapolis, Indianapolis, IN are flat. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $300,000 | 0.6% |
| Single Family | $325,000 | 0.9% |
| Condos | $217,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | -0.4% |
3 Bed | $282,000 | 0.7% |
4 Bed | $387,000 | 1.6% |
| 5 Bed | $663,000 | 3.1% |
% of Housing Stock
Rental Trends — North Indianapolis, Indianapolis, IN
As of July '25, Rentcast reports the average rent in North Indianapolis, Indianapolis, IN is $1,560, with a year-over-year rent change of -10.9%. Per bedroom, the median rent as of July '25 in North Indianapolis, Indianapolis, IN is studios: $884, 1-bedrooms: $1,120, 2-bedrooms: $1,500, 3-bedrooms: $2,110, 4-bedrooms: $4,200. The most common rental property sizes in North Indianapolis, Indianapolis, IN are 2-bedroom and 1-bedroom, accounting for 52.9% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,310 | $1,560 |
| Studio Rent | $875 | $884 |
| 1 Bed Rent | $1,020 | $1,120 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,900 | $2,110 |
| 4 Bed Rent | $1,900 | $4,200 |
% of Rental Stock
Property Listings — North Indianapolis, Indianapolis, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in North Indianapolis, Indianapolis, IN is 45. 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 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 | $305,000 | -6.0% |
Listing Count | 107 | 4.0% |
| Listings as % of Homes | 0.4% | 4.0% |
Days on Market | 45 | -8.0% |
Demographics — North Indianapolis, Indianapolis, IN
As of the latest ACS Survey released in 2023, North Indianapolis, Indianapolis, IN has a population of 35,100, which has increased by 5.7% over the past 5 years. North Indianapolis, Indianapolis, IN is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 44.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,100 | 5.7% |
% Under 18 | 25.3% | -5.6% |
% Seniors | 16.7% | 7.7% |
% WFH | 13.1% | 235.9% |
% w/ College Degree | 44.9% | -1.1% |
As of the latest ACS Survey released in 2023, North Indianapolis, Indianapolis, IN is a predominantly white area, with 46.2% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in North Indianapolis, Indianapolis, IN is black, making up 38.4% of the population. Foreign-born residents account for 10.5% of the population in North Indianapolis, Indianapolis, IN, and this percentage has decreased by 12.5% 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 | 46.2% | -7.2% |
% Black | 38.4% | 29.3% |
% Hispanic | 9.8% | -23.4% |
% Asian | 2.7% | -20.6% |
% Foreign Born | 10.5% | -12.5% |
Mortgage and Risk — North Indianapolis, Indianapolis, IN
According to HUD data as of 2023, there were 456 mortgage originations in North Indianapolis, Indianapolis, IN, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in North Indianapolis, Indianapolis, IN. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 456 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — North Indianapolis, Indianapolis, IN
As of 2024, the percent of homes in North Indianapolis, Indianapolis, IN under the Section 8 program is 10.8%. 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 4-bedroom units appear to be good home sizes to consider for Section 8 housing in North Indianapolis, Indianapolis, IN, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 793 |
Total Units Section 8 | 793 |
% Rentals under Section 8 | 10.8% |
% Occupied Section 8 | 85.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,020 | $1,110 |
| 2 Bedroom | -$200 | $1,500 | $1,300 |
| 3 Bedroom | -$210 | $1,900 | $1,690 |
| 4 Bedroom | $160 | $1,900 | $2,060 |
Affordability — North Indianapolis, Indianapolis, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $300,000 |
| Median Household Income | $70,600 |