Skip to main content

Overview

Get to know Indianapolis. Whether you're looking to purchase a home, putting yours up for sale or exploring rental options, get up-to-date information about the Indianapolis real estate market, all in one place. Analyze how the market is performing against historical data. Guaranteed Rate helps you explore Indianapolis without having to leave home.

The median home price in Indianapolis for the week end on March 17th 2023 was $123,500 compared to $840, the median rent. Unemployment sits at 8.1% as of March 17th 2023. The population of Indianapolis is 853,431. The median age of the locals is 34.1.

Market trends

Single Family Homes
Condo/Townhomes

In the past week, single family homes in Indianapolis sold on average for $269,000 and spent 85 days on the market. In Indianapolis, the inventory of 1,068 experienced a 4% relisting. The average price per square foot was $152.

In the past week, condo/townhomes in Indianapolis sold on average for $339,450 and spent 80 days on the market. In Indianapolis, the inventory of 214 experienced a 2% relisting. The average price per square foot was $210.

Population trends

As previously noted, the population of Indianapolis is 853,431 and the median age is 34.1. Among Indianapolis residents, there is a homeowner vacancy rate of 2.1% and a rental vacancy rate of 8.4% from a total of 383,677 units.

School information

Indianapolis has 50 schools. Each school is rated by key indicators like test scores, academic progress, college readiness, student-teacher ratio and more. These scores will help you compare the best schools in Indianapolis.

Look at trends in a different neighborhood

All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Equal Housing Lender Badge