Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Indianapolis area can be challenging. Home prices in Indianapolis are now at a median cost of $127,327, lower than the Iowa average of $182,666.
The average cost of rent is $659/mo in Indianapolis, primarily driven by the current value of real estate in the Indianapolis area. While nearly 44.94% of residents own their homes outright in Indianapolis, 24.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Indianapolis is $4,041 per month. Households that rent pay about 16.32% of their income on rent here. Indianapolis's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Rose Hill, IA: equally priced homes
- What Cheer, IA: less expensive homes
- Thornburg, IA: less expensive homes
- Gibson, IA: less expensive homes
- Delta, IA: less expensive homes
- Keomah Village, IA: higher priced homes
- Barnes City, IA: equally priced homes
- Union Mills, IA: equally priced homes
- University Park, IA: equally priced homes
- Keswick, IA: equally priced homes
Cities with Similar Populations
- Harmony, VA: equally priced homes
- Sunset Heights, GA: higher priced homes
- Sunny Hill, IL: higher priced homes
- Summum, IL: less expensive homes
- Summitville, CO: higher priced homes
- Sulphur, IN: less expensive homes
- Sugar Creek, TN: less expensive homes
- Sudith, KY: less expensive homes
- Stroud, AL: less expensive homes
- Strother, SC: equally priced homes
All Local Stats
Home Services
No other site shows detail at this level for free. We are able to keep this site free by receiving a small commission from the referring links below if you book, rent, or request a lead at no cost to you. Please share or cite this page if you aren't able to otherwise support our work.
Map interface © Mapbox © OpenStreetMap Map data and content © bestneighborhood