Indianapolis appreciation rates and housing market information

Indianapolis housing market information

With a population of 782,414, 352,748 total housing units (homes and apartments), and a median house value of $139,787, Indianapolis real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Indianapolis, accounting for 58.05% of the town's housing units. Other types of housing that are prevalent in Indianapolis include large apartment complexes or high rise apartments (23.59%), duplexes, homes converted to apartments, or other small apartment buildings (9.12%), row houses and other attached homes (7.59%), and a few mobile homes or trailers (1.63%).

People in Indianapolis primarily live in small (one, two, or no bedroom) single-family detached homes. Indianapolis has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Indianapolis's housing was primarily built during this period, from the '40s through the '60s. A full 40.32% of the town's housing hails from this era. Other housing ages represented in Indianapolis include homes built between 1970-1994 (35.53%), and housing constructed from 1939 and earlier (16.57%). There's also some housing in Indianapolis built between 1995 and later (7.58%).

Indianapolis home appreciation rates

Indianapolis's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Indianapolis during the period has been just 4.84%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Indianapolis home appreciation rates, at 1.75%, have been at or slightly above the national average. In the latest quarter, Indianapolis's appreciation rate has been 1.93%, which annualizes to a rate of 7.72%.

Importantly, this makes Indianapolis one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Indiana, our data show that Indianapolis's latest annual appreciation rate is higher than 32% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Indianapolis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Indianapolis - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Indianapolis real estate investment or home purchase decisions.