Indianapolis housing market: median home price and forecast
Indianapolis home prices: the Zillow Home Value Index put a typical home in Indianapolis, Indiana at $227,445 in September 2026. That is −0.9% lower than a year earlier and −1.4% below the $230,727 peak seen in March 2026.
- Value of a typical home
- $227,445September 2026, Zillow ZHVI
- Change over 12 months
- −0.9%. Change since September 2025.
Indianapolis home prices since 2000
Indianapolis is the steel line, the United States the grey one. In July 2003 the typical Indianapolis home cost $82,334; it now stands at $227,445, a multiple of ×2.76. The US figure over those same months is ×2.35. Prices peaked during the boom at $94,720 in February 2007, then hit the low of $83,385 in February 2012, −12.0%.
Median home price by year in Indianapolis
Each yearly figure averages the twelve monthly values, and for 2026 the latest month is shown.
| Year | Indianapolis | Change on the year | United States |
|---|---|---|---|
| 2004 | $84,269 | $169,891 | |
| 2005 | $89,972 | +6.8% | $189,732 |
| 2006 | $92,967 | +3.3% | $206,531 |
| 2007 | $94,235 | +1.4% | $208,449 |
| 2008 | $93,694 | −0.6% | $195,574 |
| 2009 | $90,963 | −2.9% | $177,542 |
| 2010 | $92,621 | +1.8% | $171,462 |
| 2011 | $86,222 | −6.9% | $162,508 |
| 2012 | $85,517 | −0.8% | $161,137 |
| 2013 | $87,904 | +2.8% | $171,420 |
| 2014 | $94,968 | +8.0% | $182,996 |
| 2015 | $101,362 | +6.7% | $192,738 |
| 2016 | $107,770 | +6.3% | $204,509 |
| 2017 | $117,710 | +9.2% | $216,767 |
| 2018 | $130,219 | +10.6% | $230,541 |
| 2019 | $141,705 | +8.8% | $242,088 |
| 2020 | $155,480 | +9.7% | $257,151 |
| 2021 | $183,188 | +17.8% | $295,959 |
| 2022 | $212,858 | +16.2% | $340,014 |
| 2023 | $219,418 | +3.1% | $348,160 |
| 2024 | $224,993 | +2.5% | $359,751 |
| 2025 | $229,570 | +2.0% | $362,959 |
| September 2026 | $227,445 | −0.9% | $366,157 |
What a home bought in Indianapolis in any year is worth now
An index-based estimate of a typical home, not an appraisal.
A year's figure averages its twelve monthly index values, and the current value comes from September 2026. Other options: home appreciation calculator.
Thinking about selling? On Realtor.com, compare local agents. The site may receive payment for links like this one, but it never changes a number. Advertising disclosure.
Indianapolis housing market forecast
Zillow's forecast shows +1.9% for the Indianapolis, IN metro over the 12 months from September 2026, plus +0.8% across the next three months. Starting from Indianapolis's typical value of $227,445, the forecast points to near $231,800 one year ahead.
Here, Zillow's central estimate for the metro is restated; this site does not publish a separate forecast. Forecasts like this one have typically missed the actual change by several percentage points, in either direction, over 12 months. It is not investment advice.
One table holds the forecast for every metro: housing market forecast.
Indianapolis housing market crash risk score
The score sits at 43 of 100, on the higher side
Indianapolis is ranked against the 292 cities using five conditions that ran high ahead of past price falls. Each input gets a score from 0 to 100 by comparison with the other cities, then the five scores are averaged with equal weight. The score describes conditions as they are now; it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +11.8% | 62 | 20% |
| Days on the market vs 2019 | +3.9% | 48 | 20% |
| Price-to-rent ratio | 13.8 | 17 | 20% |
| Price-to-income ratio | 3.4 | 13 | 20% |
| 12-month price change | −0.9% | 77 | 20% |
This is not investment advice. How each input gets its score: scoring method. Every one of the 292 cities ranked: crash risk by city.
Indianapolis housing inventory and days on market
In September 2026 the Indianapolis, IN metro's homes for sale numbered 6,869, up +19.9% on a year earlier and up +11.8% against the same month back in 2019. Listings sold in a median of 53 days (+3.9% against 2019), while price cuts appeared on 30.5% of listings.
| Indianapolis, IN metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 6,869 | +19.9% |
| New listings | 3,064 | |
| Median days on market | 53 | +11.7% |
| Median list price | $310,000 | −4.1% |
| Share with a price cut | 30.5% |
Metro inventory from Realtor.com® Economic Research. Realtor.com data. All metros: days on market by city.
Living costs in Indianapolis
The Zillow Observed Rent Index puts Indianapolis's typical asking rent at $1,375 a month, +2.4% on a year. A typical home costs the equivalent of 13.8 years of that rent. Median household income stands at $66,900 (Census ACS 2024), which puts the typical home at 3.4 times a year's income. For the metro, BEA puts prices at 95.7 and housing costs at 88.9, with the US price average set at 100.
Rent, prices, and the salary you need to move there: Indianapolis cost of living.
More housing markets in Indiana
- Fort Wayne $245,193
- $203,571 for Evansville.
- $312,287 for Bloomington.
For the whole state: the Indiana housing market.
How to read this chart
The Zillow Home Value Index for Indianapolis gives each point: what a typical home in the market's middle third is worth, smoothed and seasonally adjusted, in that month's dollars. A hollow dot marks the month picked on the slider, and the terracotta dot marks the latest month. Inflation is not taken out of these figures, and an index tracks a typical home rather than any one house: use the card above or the home appreciation calculator to work out what a single home is worth from its own sale price.