Indianapolis
Indiana · Ranked #22 of 102 metros
62Moderate
Median Home Price
🏠$270K
Need $78K income
Median Rent
🔑$1K
Need $46K income
Housing Shortage
📉28,000
units needed
Building Permits
🔨14,000
annual
Median Income
💰$61K
Pop: 2,111,040
Rent Burden
⚠️30.0%
of renters paying >30%
Price Change (YoY)
📈+5.5%
Homeownership
🏡62.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Indianapolis | National |
|---|---|---|
| Price-to-Income Ratio | 4.5x | 6.1x |
| Rent Burden | 30.0% | 31.5% |
| Homeownership Rate | 62.0% | 65.5% |
| YoY Price Change | +5.5% | +3.5% |
| YoY Rent Change | +3.8% | +2.8% |
| Mortgage Denial Rate | 14.0% | 13.5% |
| Eviction Rate | 7.8% | 3.6% |