Property Prices in Indianapolis, IN, United States

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Index Info
Price to Income Ratio: 2.41
Mortgage as Percentage of Income: 21.97%
Loan Affordability Index: 4.55
Price to Rent Ratio - City Centre: 7.79
Price to Rent Ratio - Outside of Centre: 8.63
Gross Rental Yield (City Centre): 12.84%
Gross Rental Yield (Outside of Centre): 11.59%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,567.50 $ 1,200.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,116.88 $ 910.00-1,400.00
Apartment (3 bedrooms) in City Centre 2,575.00 $ 2,400.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,866.67 $ 1,700.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 237.74 $ 150.00-490.00
Price per Square Feet to Buy Apartment Outside of Centre 188.99 $ 120.00-375.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,763.55 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.73 6.19-7.50

These data are based on 124 entries in the past 18 months from 34 different contributors.
Last update: July 2024

Sources and References
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