Property Prices in Indianapolis, IN, United States

Index Info
Price to Income Ratio: 2.01
Mortgage as Percentage of Income: 16.51%
Loan Affordability Index: 6.06
Price to Rent Ratio - City Centre: 8.78
Price to Rent Ratio - Outside of Centre: 4.95
Gross Rental Yield (City Centre): 11.39%
Gross Rental Yield (Outside of Centre): 20.20%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,393.12 $ 1,200.00-1,700.00
Apartment (1 bedroom) Outside of Centre 944.75 $ 705.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,650.00 $ 2,400.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,494.25 $ 1,200.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 254.20 $ 220.00-265.60
Price per Square Feet to Buy Apartment Outside of Centre 89.62 $ 71.43-120.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,600.38 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.43 2.50-5.50

These data are based on 98 entries in the past 18 months from 24 different contributors.
Last update: June 2022

Sources and References
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