Indianapolis, fondly called Indy, boasts a diverse economy, with sectors like healthcare, manufacturing, and technology driving growth. Indianapolis also has a stable and affordable housing market, making it attractive for both seasoned investors and newcomers. Additionally, the city's growing population and low unemployment rate contribute to steady demand for rental properties. With its favorable investment climate, Indianapolis presents opportunities for generating rental income and long-term appreciation in property values.
Metro Population
Median Household Income
Median Home Price
2 Million
$ 54K
$ 230K (40% Below National Median)
Employment
HQ to 8 Fortune 500 Companies. Some of the bigger employers including National Collegiate Athletic Association (NCAA), Eli Lilly, Indiana University Health, Salesforce, Indiana University-Purdue University Indianapolis (IUPUI), Cummins Inc.,Anthem, Inc.,Roche, Allison Transmission, Simon Property Group, Community Health Network.In a 2017 Forbes article, it was reported that Indianapolis secured the fifth position on the list of top cities for tech jobs.
Why invest in Indianapolis today?
Affordable Real Estate
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Despite the intense competition in the Indianapolis real estate market, housing prices remain within reach for many buyers. With a median home price of $230K, Indianapolis offers affordability that is notably 40% lower than the national average
High Potential Cash Flow
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Indianapolis draws numerous investors due to its classification as a "cash flow market." Property values here typically demonstrate minimal fluctuations, contributing to its reputation as a relatively stable investment environment. Average single family rent is $1550.
Strong Rental Property Demand
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In Indianapolis, 46% of households opt for rental accommodations. Over the past eight years, from July 2014 to July 2022, the median rent has shown a substantial appreciation of 40%. Average rental vacancy rate is 6.5% which is much lower than the national rate of 10.5%.
Strong Equity Growth Potential
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Indianapolis, a rapidly growing city, sees its housing market follow suit. Over the past seven years, home prices have surged by 92%, marking an annual growth rate of 13%. With prices climbing from $120,000 to $230,000. The graph below shows the market trend insight from Indiana MLS.
Other factors such as population growth and job growth