House Charts

Indianapolis Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Indianapolis home values are up 1.0% over the past year, to a typical $292k. Typical rent is $1,528 a month (+3.5% in a year).
Typical home value
$292k
+1.0% (+$2,996) in 12 months
Since Dec 2019
+56%
from $187k
Typical rent
$1,528/mo
+3.5% in 12 months
Income needed to buy
$82k/yr
20% down, 30% of income
Days to go under contract
40
September 2026

Indianapolis home values since 2000

$100k$150k$200k$250k$300k200320072011201520192023Peak $292k (Apr 2026)Now $292k

Last few years

$200k$250k$300k20192020202120222023202420252026Peak $292k (Apr 2026)Now $292k

Rent in Indianapolis

$800$1,000$1,200$1,400$1,600201520172019202120232025Now $1,528

Owning vs renting, monthly

Buying the typical Indianapolis home with 20% down at this week's 7.32% 30-year rate costs about $1,967/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,528/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

Indianapolis vs Indiana vs the U.S.

Typical home12-month changeTypical rent
This metro$292k+1.0%$1,528/mo
Indiana$257k+2.9%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Indianapolis?

No - the typical Indianapolis-area home value is up 1.0% over the past 12 months, at $292k (September 2026).

Is the Indianapolis housing market crashing?

Home values are close to their 2020s high and up 1.0% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Indianapolis?

Typical rent in the Indianapolis metro is $1,528 a month (September 2026), +3.5% over 12 months.

How much income do you need to buy a home in Indianapolis?

About $82k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Des Moines, IA · Lakeland, FL · Buffalo, NY · Rochester, NY

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Indianapolis, IN metro area. How we calculate.