Property Prices in Indianapolis, IN, United States

Index Info
Price to Income Ratio: 2.09
Mortgage as Percentage of Income: 15.07%
Loan Affordability Index: 6.64
Price to Rent Ratio - City Centre: 9.40
Price to Rent Ratio - Outside of Centre: 5.64
Gross Rental Yield (City Centre): 10.63%
Gross Rental Yield (Outside of Centre): 17.72%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,229.00 $ 1,000.00-1,700.00
Apartment (1 bedroom) Outside of Centre 783.50 $ 700.00-1,100.00
Apartment (3 bedrooms) in City Centre 1,579.54 $ 934.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,220.00 $ 796.00-1,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 204.13 $ 144.00-265.60
Price per Square Feet to Buy Apartment Outside of Centre 84.18 $ 71.43-100.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,717.55 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.92 3.25-4.50

These data are based on 163 entries in the past 18 months from 30 different contributors.
Last update: February 2021

Sources and References
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