Property Prices in Indianapolis, IN, United States

Index Info
Price to Income Ratio: 1.54
Mortgage as Percentage of Income: 13.93%
Loan Affordability Index: 7.18
Price to Rent Ratio - City Centre: 5.05
Price to Rent Ratio - Outside of Centre: 5.98
Gross Rental Yield (City Centre): 19.82%
Gross Rental Yield (Outside of Centre): 16.73%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,615.00 $ 1,400.00-1,900.00
Apartment (1 bedroom) Outside of Centre 1,175.00 $ 1,000.00-1,300.00
Apartment (3 bedrooms) in City Centre 2,325.00 $ 1,800.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,718.75 $ 1,275.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 150.32 $ 150.00-150.97
Price per Square Feet to Buy Apartment Outside of Centre 130.32 $ 120.00-150.97
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,889.95 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.60 6.19-6.80

These data are based on 96 entries in the past 18 months from 32 different contributors.
Last update: February 2024

Sources and References
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