Affordable
Expensive
Expensive
Colorblind friendly
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These days, finding an affordable place to live in the Downtown Indianapolis area can be challenging. Home prices in Downtown Indianapolis are now at a median cost of $414,860, higher than the Indianapolis average of $284,242.
The average cost of rent is $1,638/mo in Downtown Indianapolis, primarily driven by the current value of real estate in the Downtown Indianapolis area. In Downtown Indianapolis, 83.53% of households rent, and 42.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Indianapolis is $7,429 per month. Households that rent pay about 22.05% of their income on rent here. Downtown Indianapolis’s most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- St. Joseph Historic Neighborhood, Indianapolis, IN: less expensive homes
- Chatham-Arch, Indianapolis, IN: equally priced homes
- Martindale-Brightwood, Indianapolis, IN: less expensive homes
- Highland Vicinity, Indianapolis, IN: less expensive homes
- Mapleton-Fall Creek, Indianapolis, IN: less expensive homes
- Little Flower, Indianapolis, IN: less expensive homes
- Carson Heights, Indianapolis, IN: less expensive homes
- Venerable Flackville, Indianapolis, IN: less expensive homes
- University Heights and Rosedale Hills, Indianapolis, IN: less expensive homes
- Irvington, Indianapolis, IN: less expensive homes
Neighborhoods with Similar Populations
- Mt Vernon, Mount Vernon, VA: higher priced homes
- East Elmhurst, Queens, NY: higher priced homes
- East End, Alameda, CA: higher priced homes
- Five Mile Prairie, Spokane, WA: higher priced homes
- Greenwood, Newport News, VA: less expensive homes
- Hamilton Main Street Historic District, Hamilton, OH: less expensive homes
- Idlewild South, Charlotte, NC: less expensive homes
- Julington Creek, Jacksonville, FL: equally priced homes
- Linda Vista-San Francisco, Napa, CA: higher priced homes
- Memorial Parkway, Katy, TX: less expensive homes
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