Indianapolis, IN Housing Market

Market data powered by Zillow Research. Last updated: 2026-04-02

Indianapolis, IN offers balanced conditions for buyers.

  • •Prices are essentially flat (1.2% YoY) — good negotiating leverage for buyers.
  • •Price-to-rent ratio: 16.1 — buying and renting are roughly comparable.

Median Home Value

$286,468

ZHVI

Year-over-Year

+1.2%

Price change

5-Year Change

+35.4%

Since 2021

Median Rent

$1,486/mo

ZORI

Active Listings

6,448

For sale

State Avg

$249,724

Indiana

Home Value Trends

5-year Zillow Home Value Index for Indianapolis, IN vs. state and national averages.

Rent Data

Median Rent

$1,486/mo

Rent YoY Change

+2.4%

Rent vs. Buy Calculator

Other Markets in Indiana

Angola, IN$305,611Bloomington, IN$291,689Lafayette, IN$275,751Warsaw, IN$273,132Columbus, IN$267,772Elkhart, IN$255,339
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Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.