Indianapolis Real Estate Market Overview
Average Monthly Rent:
$856
Percentage Change in Home Price/Value:
10.50%
Median Home Value:
$143,800
Best Time To Sell Home:
May
Affordability Index:
208.2
Days To Sell House:
66
Job Market:
Strong
Public School Ranking:
22
Location and Weather
Indianapolis lies on the White River and is near the center of Indiana. It is on a level plain and is a planned city with a layout much like Washington, D.C. with radiating streets. While it’s history in automobile manufacturing has changed, Indianapolis is home to the Indianapolis 500 – one of the world’s premier auto races which takes place each year in late May.
Indianapolis’ warm season is from late May to late September with high temperatures above 75 degrees and lows in the high 60’s. The cold season is from early December to early March with high temperatures below 46 degrees and lows in the low 20’s.
Population, Job Market and Cost of Living
Its population in 2018 was 867,125 with an annual growth of 0.61%. The job market has increased by 2.5% over last year. 10-year predicted future job growth is 37.5%. Because Indianapolis is in the middle of the Corn Belt, near coal fields and consumer markets, it is an important commercial, industrial and financial center. The largest businesses in Indianapolis are Health Care & Social Assistance, Retail Trade and Manufacturing. The cost of living is low due to the Indianapolis real estate market and affordably priced homes.
With beautiful summers, a thriving job market, affordable housing and cultural and sports events, Indianapolis will continue to grow as a dynamic place to live and work.
