Indianapolis real estate investing is a great opportunity due to the city’s booming economy and a high quality of life. With its strategic Midwest location, it is a hub for commerce, culture, and business, attracting residents and companies with affordability, diverse industries, and robust infrastructure.
Its central location makes it ideal for logistics and distribution. Here, you’ll find the country’s second-largest FedEx hub. The Indianapolis region has one of the lowest unemployment rates in the US, making it a strong market for real estate investments.
Aside from the logistics sector, the city has three other major employment sectors: manufacturing, pharmacy (the largest biopharmaceutical sector in the U.S.), and sports (home to the NCAA headquarters, the Indy 500, and professional sports teams like the Colts and Pacers). Fortune 500 companies like Eli Lilly, Anthem Health Care, and Simon Property Group solidify its diverse economy.
One of the most notable reasons to purchase Indianapolis real estate is because the market offers good cash flow along with stability.
Indianapolis Real Estate Investment Opportunity Quick Facts
This information reflects typical properties purchased by RealWealth members in Indianapolis. These numbers are estimates, and the actual property prices and rents will vary based on current inventory.
- Investment Objective: Higher cash flow, lower appreciation
- Types of properties for sale: REAL Income SFRs and new duplexes, B neighborhoods
- Average home price: $130,000 – $150,000 (SFR), ~$400,000 (Duplexes)
- Average monthly rents: $1,000 – $1,200 (SFR), ~$3,000 (Duplexes)
Is Indianapolis a good place to invest in real estate
There are a variety of factors that make Indianapolis a great place to buy rental property today.
- Affordability: The median home price in Indianapolis is $278,000, which is 23% less than the national average. If you have the right connections, it’s possible to find even more affordable Indianapolis real estate for sale for an average $140,000.
- Decent Appreciation: Since 2014, the median home price in Indianapolis has increased by almost 100%. This is 8% faster than the national average.
- Population Growth: Indianapolis’ population has grown by 13% since 2010, which is 55% faster than the national average.
- Considerable Job Growth: In 2023, Indianapolis created 28,000 jobs, a growth rate of 2.4%. This is 43% faster than the national average.
Turnkey Rental Properties for Sale in Indianapolis
If you’re looking for Indianapolis real estate, the turnkey rental property teams we work with sell single family homes and duplexes. Here are a few sample Indianapolis real estate investment properties that’ll give you an idea of what they offer.
