Denver - CO vs Indianapolis - IN: 2026 Housing Comparison

What this means for buyers

Denver - CO is roughly 90% more expensive than Indianapolis - IN in typical home value. Homes sit on market longer in Denver - CO (30 days vs 20), suggesting more buyer leverage there.

Denver vs Indianapolis: what the numbers say

At today's 7.40% average 30-year rate with 20% down, the typical home would cost about $3,077 a month in principal and interest in Denver and $1,615 in Indianapolis, a gap of $1,461 a month.

Typical rent runs $1,900 in Denver and $1,528 in Indianapolis, so the mortgage payment alone is 1.6 times rent in Denver and 1.1 times rent in Indianapolis, before taxes and insurance.

Home prices are 24.4 years of rent in Denver and 15.9 in Indianapolis; the lower ratio in Indianapolis means buying there is cheaper relative to renting.

Over the last 23 months typical values moved -4.8% in Denver and +2.7% in Indianapolis; over just the last three months the change was +0.3% in Denver and +0.1% in Indianapolis.

Homes sell for 98.9% of list price in Denver and 98.4% in Indianapolis, after 30 and 20 days on the market, with price cuts on 37% and 36% of listings. The signs are mixed: Denver has more price cuts and longer time on the market, while Indianapolis has sales further below list.

The number of homes for sale is down 1% on a year ago in Denver and up 13% on a year ago in Indianapolis.

Payments assume a 30-year fixed loan at the Freddie Mac weekly average rate (2026-10-15), 20% down, principal and interest only. Home values, rents and market figures are Zillow Research metro data.