INDIANAPOLIS

AT A GLANCE

METRO POPULATION

1.9 MILLION

UNEMPLOYMENT RATE

3.2%

MEDIAN MONTHLY RENT

$850

MEDIAN HOME PRICE

$173,000

AVERAGE HIGH/LOW TEMPS

61.8ºF/44.4ºF

AVERAGE ANNUAL SALARY

$48,000

Information from realestate.usnews.com

MARKET HIGHLIGHTS

WHY INVEST IN INDIANAPOLIS

The single-family rental market in Indianapolis will remain stable again this year, as the local economy continues to grow on par with the national rate. There’s been an increase in single family permits and rents, with a corresponding drop in vacancies and with the addition of many metro area jobs (across multiple sectors), renter demand will continue to hold steady. Adding to the pool of renters is the fact that many will continue to re-locate to the Midwest city, attracted to its high quality of life and simpler lifestyle.

The region is very favorable to new businesses, which means sustained business growth and expansion. In fact, Indianapolis expansion and attraction projects announced last year will add nearly 11,000 jobs and over $1.6 billion in capital investment to the region (indychamber.com), with the grocer Kroger creating over 3,000 new positions alone in two years.

 MARKET HIGHLIGHTS

  • CNBC ranked Indiana #1 in lowest cost of doing business in the U.S. last year (indychamber.com)

  • 33.5% of population are renters

  • One in five households have a median income of $100,000 or more

  • Indianapolis economy has outpaced national growth averages by 0.5 basis points

SAMPLE PROPERTIES

5501 Pelham Way, Indianapolis, IN.png

5501 Pelham Way

Built in 2001, 1173 square feet, 2 bedrooms, 2 bathrooms.

Purchase Price

$119,000

710 S. Avon Avenue, Avon IN.png

710 S Avon Ave

Built in 1954, 1040 square feet, 3 bedrooms, 1.5 bathrooms.

Purchase Price

$130,000

4230 Hovenweep Drive, Indianpolis IN.png

4230 Hovenweep Drive

Built in 2010, 1240 square feet, 3 bedrooms, 2 bathrooms.

Purchase Price

$125,000