Residents have a wide variety of housing options to choose from, including newly constructed homes, condominiums, lofts, and apartments in communities throughout the city and in the downtown area.
Indianapolis has ranked as the most affordable major U.S. housing market every quarter since mid-2005, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. In Indianapolis, 91% of homes sold in the third quarter of 2008 were affordable to families earning the area's median household income of $65,100.
Housing Options
- Downtown single-family homes and condominiums along the Canal Walk
- New condominiums and penthouse apartments within walking distance to downtown office buildings
- New York-style lofts in restored warehouses and factories
- Charming older homes in neighborhoods such as Butler Tarkington, Fletcher Place, Lockerbie, Broad Ripple, and Meridian Kessler
- Newly constructed homes and apartments in communities throughout the city
Housing Prices (Avg. Sale Price or Rent)
- New Homes: $196,582
- Existing Single-family Homes: $109,252
- Condominiums: $102,000
- Apartments: $643
Sources: MIBOR, Builders Association of Greater Indianapolis, Bloomington Bd. of Realtors, CBRE.
For more information about housing in Indianapolis, please visit the Metropolitan IndianapolisBoard of Realtors Web site.