Indianapolis city (balance)Housing & Real Estate
Indianapolis city (balance) homes sell at a median $224,800 (estimated market value runs 21% higher at $272,448), with median rent $1,156 (about the same as Marion County median $1,153; 1.1× higher than Indiana median $1,062). Homeownership rate: 56.0%. That's about the same as the Marion County median ($224,000); about the same as the Indiana median ($218,200). Market is warm. Vacancy rate 10.0%. New construction makes up 7.9% of stock. A municipal building code is in effect.
- 3.4× annual income — home value vs. household income (vs Indiana 3.2×).
- 16.2 years to break even renting at the median (vs Indiana 16y).
- 4-BR rent is 2.1× a studio — rent gradient by unit size.
- Median rent 21% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $224,800 — 1.1× the Indiana median ($211,400). Median rent $1,156/month. homeownership rate 56.0% — below the U.S. share of ~65%.
| Fair Market Rent · Studio rent | $1,118 (vs Indiana $959) |
|---|---|
| Fair Market Rent · One-bedroom rent | $1,267 (vs Indiana $1,082) |
| Fair Market Rent · Two-bedroom rent | $1,473 (vs Indiana $1,317) |
| Fair Market Rent · Three-bedroom rent | $1,907 (vs Indiana $1,612) |
| Fair Market Rent · Four-bedroom rent | $2,338 (vs Indiana $1,744) |
| Fair Market Rent · HUD FMR area | Indianapolis-Carmel, IN HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Median Home Value | $224,800 (vs Indiana $211,400) |
| Median Rent | $1,156 (vs Indiana $1,096) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Indiana median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Indiana median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Indiana median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 74.7% (at Indiana median) |
| Broadband · Broadband-capable premises | 440,303 |
| Electricity · Electricity rate (¢/kWh) | 14.77¢/kWh |
| Electricity · Customers | 3056216 |
| Electricity · Revenue Millions | $4,880 |
| Mobile Broadband · 3G mobile coverage | 0% |
| Mobile Broadband · 4G mobile coverage | 100% (at Indiana median) |
| Mobile Broadband · 5G mobile coverage | 100% (at Indiana median) |
| Mobile Home Parks Detail · County total | 1 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 56.0% (vs Indiana 61.9%) |
|---|---|
| Median Year Built | 1973 |
Sources: U.S. Census Bureau, ACS 5-Year DP04 · Census ACS 5-Year 2023 · Refreshed 2026-04-12