Indianapolis Real Estate Market 2021: Housing Forecast & Predictions

2021 Housing Market Overview

Indianapolis Real Estate Market 2021

Indianapolis Real Estate Market Overview

Metro Population: 2.1 M

Median Household Income:$63,000

Unemployment Rate:6.6%

Median Home Price*:$193,000

Median Monthly Rent*:$1,255

Should You Buy Rental Property in the Indianapolis Real Estate Market in 2021?

Interested in investing in the Indianapolis real estate market in 2021? On this page you’ll learn about housing market trends and statistics to help you make that decision.

About Indianapolis

With a metro area of over two million people, Indianapolis is the 2nd largest city in the Midwest and 14th largest in the U.S. The city has poured billions of dollars into revitalization and now ranks among the best downtowns and most livable cities, according to Forbes.

A city of over 2.1 million residents, Indy has long been known as a hub for manufacturing for air-conditioners, cars and car parts, and more. However, like most U.S. cities, Indy’s manufacturing industry has diminished greatly. But, they haven’t given up. In fact, they’ve done just the opposite. In the last decade, the city has steadily and quietly become a national center for new technology.

Today, Indianapolis is home to over 150 tech companies, including Salesforce, Angie’s List, MOBI, and an organization called TechPoint whose mission is to promote and accelerate the growth of Indiana’s tech community.

Some of the factors that make Indy attractive for tech companies include the low cost of living, limited government regulation, and a steady stream of qualified applicants from several local (and prestigious) universities. In fact, Indy offers tech workers a much more affordable life compared to the East and West coasts. For example, a tech worker earning $100,000 a year in Indianapolis would need to make $272,891 to have the same standard of living in San Francisco [].

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Major Employers in Indianapolis

Indianapolis Housing Market News

  • "#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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