Property Prices in Indianapolis, IN, United States

Index Info
Price to Income Ratio: 2.64
Mortgage as Percentage of Income: 23.03%
Loan Affordability Index: 4.34
Price to Rent Ratio - City Centre: 7.95
Price to Rent Ratio - Outside of Centre: 7.11
Gross Rental Yield (City Centre): 12.58%
Gross Rental Yield (Outside of Centre): 14.07%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre $1,720.00 1,600.00-2,400.00
1 Bedroom Apartment Outside of City Centre $1,343.89 1,145.00-1,700.00
3 Bedroom Apartment in City Centre $2,610.11 1,900.00-3,500.00
3 Bedroom Apartment Outside of City Centre $1,909.44 1,500.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre $257.48 256.41-261.06
Price per Square Feet to Buy Apartment Outside of Centre $175.26 155.98-200.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) $4,405.10
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.17 6.00-7.00

These data are based on 123 entries from 24 contributors over the past 18 months.
Last update: 5 June 2026

Sources and References
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