Indianapolis Real Estate Market 2023: Forecast & Predictions

2023 Housing Market Overview

Indianapolis Real Estate Market 2023

Indianapolis Real Estate Market Overview

Metro Population: 2.1 M

Median Household Income:$50,000

Unemployment Rate:2.4%

Median Home Price*:$262,770

Median Monthly Rent*:$1,453

Indianapolis Real Estate Market 2023

Interested in investing in the Indianapolis real estate market in 2023? On this page you’ll learn about housing market trends and statistics to help you make that decision.

About Indianapolis

The capital and largest city of Indiana, Indianapolis has a metropolitan area population of over 2 million people. Its downtown district ranks among the best in the U.S., according to And it boasts two major league sports teams—the NBA Indiana Pacers, who play at the 18,000-seat Conseco Fieldhouse, and the NFL Indianapolis Colts, who play at the 56,000-seat RCA dome.

The city annually hosts the Indy 500—one of the greatest racing events in the world—and has a strong college basketball tradition. It’s also home to several colleges and universities including Butler University (1855), Christian Theological Seminary (1925), Ivy Tech State College (1963), Lincoln Technical Institute (1946), Marian College (1851), Martin University (1977), and the University of Indianapolis (1902).

The city of Indianapolis is also home to over 150 tech companies, including Salesforce, Angie’s List, MOBI and TechPoint.

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Major Employers in Indianapolis

Indianapolis Housing Market News

  • One of the cities with the most untapped real estate potential - Press of Atlantic city
  • One of 5 cities in the US where you can still buy a home for less than $225,000 - MarketWatch
  • Indianapolis based Eli Lilly investing $2.1 billion to expand its operations in Indiana - Lane Report
  • "#3 Best City for First Time Home Buyers" - Business Insider
  • "#6 Top Market to Own Rental Homes" - TheStreet
  • "Ranked #7 City to Buy Home for Best Rental Return" - CNBC
  • "Ranked #24 in Lowest Cost of Living" - Business Insider

Property Teams

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Sample properties

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Disclaimer: The information provided on this page is for educational purposes only. RealWealth makes no warranty or representation as to the accuracy, completeness or reliability of this information. Please be advised that this content may contain errors, is subject to revision at all times, and should not be relied upon for any purpose. Under no circumstances shall RealWealth be liable to you or anyone else for damage stemming from the use or misuse of this information.

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