Housing in Indianapolis city (balance), IN
Home values, rent, ownership rates, and housing market data
Indianapolis city (balance) vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 500,000 - 1,000,000 residents. Indianapolis city (balance) is highlighted.
Median Home Value
58th%ilemost expensive$207,000show rank
Median Rent
64th%ilemost expensive rent$1,112show rank
Rent Burden
67th%ilehighest rent burden21.2%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$207,000
Median Rent
$1,112
Total Housing Units
399,634
Vacancy Rate
10.0%
Owner Occupied
55.3%
Renter Occupied
44.7%
Median Property Tax
$1,924
per year
Monthly Cost (w/ Mortgage)
$1,142
Housing Types
Single Family67.6%
Multi-Family31.2%
Mobile Home1.2%
The median home value in Indianapolis city (balance), IN is $207,000. The median rent is $1,112 per month (Census ACS). About 55.3% of housing units are owner-occupied. The median year homes were built is 1972. There are 399,634 total housing units.