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 $208,965, higher than the Indiana average of $175,617.
The average cost of rent is $1,116/mo in Indianapolis, primarily driven by the current value of real estate in the Indianapolis area. While nearly 30.80% of residents own their homes outright in Indianapolis, 31.57% rent.
Housing affordability isn’t just about home prices, though. The average household income in Indianapolis is $6,744 per month. Households that rent pay about 16.54% of their income on rent here. Indianapolis's most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Rocky Ripple, IN: less expensive homes
- Warren Park, IN: less expensive homes
- Beech Grove, IN: less expensive homes
- Speedway, IN: less expensive homes
- Meridian Hills, IN: higher priced homes
- Williams Creek, IN: higher priced homes
- Homecroft, IN: less expensive homes
- Southport, IN: less expensive homes
- Clermont, IN: equally priced homes
- Lawrence, IN: less expensive homes
Cities with Similar Populations
- Summerville, SC: higher priced homes
- Tacoma, WA: higher priced homes
- Stockton, CA: higher priced homes
- Tempe, AZ: higher priced homes
- Tampa, FL: higher priced homes
- Tallahassee, FL: equally priced homes
- Sunrise Manor, NV: less expensive homes
- Stone Mountain, GA: less expensive homes
- The Woodlands, TX: higher priced homes
- Sylmar, CA: higher priced homes
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