Property Prices in Indianapolis, IN, United States

Index Info
Price to Income Ratio: 1.90
Mortgage as Percentage of Income: 17.09%
Loan Affordability Index: 5.85
Price to Rent Ratio - City Centre: 5.89
Price to Rent Ratio - Outside of Centre: 6.85
Gross Rental Yield (City Centre): 16.97%
Gross Rental Yield (Outside of Centre): 14.61%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,617.50 $ 1,400.00-1,900.00
Apartment (1 bedroom) Outside of Centre 1,104.38 $ 910.00-1,300.00
Apartment (3 bedrooms) in City Centre 2,491.67 $ 1,900.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,800.00 $ 1,500.00-2,000.00
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 146.74 $ 120.00-200.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,641.74 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.58 6.19-6.80

These data are based on 115 entries in the past 18 months from 33 different contributors.
Last update: December 2024

Sources and References
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