Property Prices in Indianapolis, IN, United States

Index Info
Price to Income Ratio: 1.91
Mortgage as Percentage of Income: 17.04%
Loan Affordability Index: 5.87
Price to Rent Ratio - City Centre: 5.28
Price to Rent Ratio - Outside of Centre: 5.78
Gross Rental Yield (City Centre): 18.95%
Gross Rental Yield (Outside of Centre): 17.31%
Rent Per Month
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1 Bedroom Apartment in City Centre 1,750.00 $ 1,500.00-2,400.00
1 Bedroom Apartment Outside of City Centre 1,281.25 $ 1,000.00-1,700.00
3 Bedroom Apartment in City Centre 2,906.25 $ 2,400.00-3,500.00
3 Bedroom Apartment Outside of City 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) 4,569.67 $
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.46 5.50-7.00

These data are based on 127 entries from 35 contributors over the past 18 months.
Last update: 27 October 2025

Sources and References
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