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City

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Indianapolis, IN · 46247

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $66K, +4.6% YoY (county); renters hold 43.5% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: . The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

Median Listing Price

Population

400,432

Median Days on Market

Active Listings

New Listings

Neighborhood Map

Loading the map

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 441,040

441Kunits

Occupied400,43290.8%

Vacant40,6089.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 400,432

400Koccupied

Owner226,44156.5%

Renter173,99143.5%

Renter Share

43.5%-1.4% YoY

Total Housing Units

441,040+0.5% YoY

FY2026 Fair Market Rent

CountyMarion County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,118

/month

1 BR

$1,267

/month

2 BR

$1,473

/month

3 BR

$1,907

/month

4 BR

$2,338

/month

FMR trends · Marion County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.4% to 975,809: residents under 18 are up 0.1% and those 65 and over are up 2.7%.

Median Age

34.42024

Population

Marion County Population

981,628+0.6% YoY

Households

Total Households

400,432+1.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.40-0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 975,809

976Kresidents

Under 18243,91525.0%

Adults 18–64603,44261.8%

65 & Over128,45213.2%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

243,915+0.1% YoY

Population 65 & Over

128,452+2.7% YoY

Median Age

34.40+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house85.7%

Moved (within US)13.5%

Other0.8%

Veterans

5.5%-1.8% YoY

County Economy

County median household income is $66K, 15.3% of residents are below the poverty level, 13.9% work from home.

Income

Median Household Income

$66K+4.6% YoY

Per-Capita Income

$38K+3.7% YoY

Mean Household Income

$91K+3.9% YoY

Poverty

Below Poverty Level

15.3%+1.3% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone72.0%

Public transit1.3%

Worked from home13.9%

Other12.8%

Worked From Home

13.9%+13.0% YoY

Mean Commute

24.50+1.2% YoY

Done with 46247? Put it next to another market.

State

City

Compare with

City

State

City

ZIP codes

Indianapolis, IN · 46247

ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $66K, +4.6% YoY (county); renters hold 43.5% of county households. See the people evidence ↓

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Median Listing Price

Population

400,432

Median Days on Market

Active Listings

New Listings

Neighborhood Map

Loading the map

Housing Market

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 441,040

441Kunits

Occupied400,43290.8%

Vacant40,6089.2%

2024 Tenure ⓘ

U.S. Census ACS · n = 400,432

400Koccupied

Owner226,44156.5%

Renter173,99143.5%

Renter Share

43.5%-1.4% YoY

Total Housing Units

441,040+0.5% YoY

FY2026 Fair Market Rent

CountyMarion County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,118

/month

1 BR

$1,267

/month

2 BR

$1,473

/month

3 BR

$1,907

/month

4 BR

$2,338

/month

FMR trends · Marion County

HUD Fair Market Rents · FY1983–FY2026

County Demographics

County population is up 0.4% to 975,809: residents under 18 are up 0.1% and those 65 and over are up 2.7%.

Median Age

34.42024

Population

Marion County Population

981,628+0.6% YoY

Households

Total Households

400,432+1.0% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.40-0.4% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 975,809

976Kresidents

Under 18243,91525.0%

Adults 18–64603,44261.8%

65 & Over128,45213.2%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

243,915+0.1% YoY

Population 65 & Over

128,452+2.7% YoY

Median Age

34.40+0.3% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house85.7%

Moved (within US)13.5%

Other0.8%

Veterans

5.5%-1.8% YoY

County Economy

County median household income is $66K, 15.3% of residents are below the poverty level, 13.9% work from home.

Income

Median Household Income

$66K+4.6% YoY

Per-Capita Income

$38K+3.7% YoY

Mean Household Income

$91K+3.9% YoY

Poverty

Below Poverty Level

15.3%+1.3% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone72.0%

Public transit1.3%

Worked from home13.9%

Other12.8%

Worked From Home

13.9%+13.0% YoY

Mean Commute

24.50+1.2% YoY

Done with 46247? Put it next to another market.