Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Broad Ripple area can be challenging. Home prices in Broad Ripple are now at a median cost of $382,439, higher than the Indianapolis average of $284,242.
The average cost of rent is $1,520/mo in Broad Ripple, primarily driven by the current value of real estate in the Broad Ripple area. In Broad Ripple, 36.72% of households rent, and 26.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Broad Ripple is $9,667 per month. Households that rent pay about 15.72% of their income on rent here. Broad Ripple’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Meridian-Kessler, Indianapolis, IN: higher priced homes
- Mapleton-Fall Creek, Indianapolis, IN: less expensive homes
- Nora, Indianapolis, IN: equally priced homes
- Highland Vicinity, Indianapolis, IN: less expensive homes
- North Willow Farms, Indianapolis, IN: less expensive homes
- Devington, Indianapolis, IN: less expensive homes
- Westchester Estates, Indianapolis, IN: less expensive homes
- Martindale-Brightwood, Indianapolis, IN: less expensive homes
- Hearth Stone, Indianapolis, IN: less expensive homes
- Castleton, Indianapolis, IN: less expensive homes
Neighborhoods with Similar Populations
- Captain John Mullan, Missoula, MT: higher priced homes
- Stanwood Park, South Portland, ME: higher priced homes
- Hampton Cove, Owens Cross Roads, AL: higher priced homes
- Greeneville Historic District, Norwich, CT: less expensive homes
- Country Lakes, Miramar, FL: higher priced homes
- Thurston, Ann Arbor, MI: equally priced homes
- Golden Gate, Emeryville, CA: higher priced homes
- Hudson Avenue Historic District, Newark, OH: less expensive homes
- Freestate-North Highlands, Shreveport, LA: less expensive homes
- Downtown Concord, Concord, CA: higher priced homes
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