Property Prices in Indianapolis, IN, United States

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Index Info
Price to Income Ratio: 1.89
Mortgage as Percentage of Income: 17.06%
Loan Affordability Index: 5.86
Price to Rent Ratio - City Centre: 5.70
Price to Rent Ratio - Outside of Centre: 6.23
Gross Rental Yield (City Centre): 17.56%
Gross Rental Yield (Outside of Centre): 16.06%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,660.00 $ 1,440.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,211.11 $ 1,000.00-1,700.00
Apartment (3 bedrooms) in City Centre 2,607.14 $ 2,000.00-3,200.00
Apartment (3 bedrooms) Outside of Centre 1,985.71 $ 1,700.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 180.64 $ 150.00-350.00
Price per Square Feet to Buy Apartment Outside of Centre 146.74 $ 120.00-200.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,649.13 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.58 6.19-7.00

These data are based on 129 entries from 35 contributors over the past 18 months.
Last update: April 2025

Sources and References
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