Indianapolis city (balance): Housing & Real Estate
Indianapolis city (balance) homes sell at a median $224,800 (estimated market value runs 21% higher at $272,448), with median rent $1,156 (1.1× higher than Marion County median $1,042; 1.2× higher than Indiana median $972). Homeownership rate: 56.0%. That's 1.2× higher than the Marion County median ($184,100); 1.2× higher than the Indiana median ($189,322). Market is warm. Vacancy rate 10.0%. New construction makes up 7.9% of stock. A municipal building code is in effect.
- 3.4× annual income — home value vs. household income (vs Indiana 2.6×).
- 16.2 years to break even renting at the median (vs Indiana 16y).
- 4-BR rent is 2.1× a studio — rent gradient by unit size.
- Median rent 21% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $224,800 — 1.2× the Indiana median ($189,321). Median rent $1,156/month. homeownership rate 56.0% — below the U.S. share of ~65%.
| Affordability · Home Price To Income | 3.4× |
|---|---|
| Affordability · Home Affordability | moderate |
| Affordability · Rent Pct Income | 20.2% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 41.7% |
| Affordability · Poverty Rate | 15.8% |
| Affordability · Property Tax Pct Income | 3.1% |
| Fair Market Rent · Studio rent | $1,118 |
| Fair Market Rent · One-bedroom rent | $1,267 |
| Fair Market Rent · Two-bedroom rent | $1,473 |
| Fair Market Rent · Three-bedroom rent | $1,907 |
| Fair Market Rent · Four-bedroom rent | $2,338 |
| Fair Market Rent · HUD FMR area | Indianapolis-Carmel, IN HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $272,448 |
| Median Home Value | $224,800 (vs Indiana $189,322) |
| Median Rent | $1,156 (vs Indiana $972) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 10.0% |
| Housing Market · New construction (% of stock) | 7.9% |
| Housing Market · Price Appreciation 2Yr | 8.6% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 74.7% |
| Broadband · Broadband-capable premises | 440,303 |
| Electricity · Electricity rate (¢/kWh) | 14.77¢/kWh |
| Electricity · Customers | 3,056,216 |
| Electricity · Revenue Millions | $4,880 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% |
| Mobile Broadband · 5G mobile coverage | 100% |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 56.0% |
|---|---|
| Median Year Built | 1973 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12