Property Prices in Indianapolis, IN, United States

Index Info
Price to Income Ratio: 1.89
Mortgage as Percentage of Income: 16.96%
Loan Affordability Index: 5.90
Price to Rent Ratio - City Centre: 5.23
Price to Rent Ratio - Outside of Centre: 5.70
Gross Rental Yield (City Centre): 19.12%
Gross Rental Yield (Outside of Centre): 17.54%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,777.78 $ 1,600.00-2,400.00
Apartment (1 bedroom) Outside of Centre 1,310.00 $ 1,000.00-1,700.00
Apartment (3 bedrooms) in City Centre 2,906.25 $ 2,400.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,087.50 $ 1,800.00-2,500.00
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 143.61 $ 120.00-200.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,610.43 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.52 5.50-7.00

These data are based on 137 entries from 36 contributors over the past 18 months.
Last update: 16 June 2025

Sources and References
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