Indianapolis - IN housing market
The Indianapolis metro has a typical home value of $291,634, up 1.0% from a year ago. Homes sell in 20 days on average, a balanced market. 36% of listings have had a price cut. Data from Zillow Research, updated monthly.
Indianapolis housing market, October 2026
The typical Indianapolis home is worth $291,634 as of September 2026, up 0.1% from the prior month, up 0.1% over three months, and up 1.0% from a year ago. Over the past two years values have ranged from $283,996 to $292,063.
Homes are going pending in about 20 days, slower than the 11 days seen three months earlier. There are roughly 9,110 homes for sale, 13% more than a year ago. 35.8% of listings have taken a price cut (up from 30.6% three months ago).
Typical rent is $1,528 a month, up 3.7% year over year, which puts the price-to-rent ratio at 15.9.
At this week's 7.40% mortgage rate with 20% down ($58,327), the typical Indianapolis home costs about $1,980 a month including tax and insurance, which needs a household income of roughly $84,900 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($291,634) is the Zillow Home Value Index for the Indianapolis - IN metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.0% over the past year. In Indianapolis - IN, that means a home worth $288,747 last year is now worth roughly $291,634.
The median sale price, what homes actually close for, is $293,497. Homes are selling at 98.4% of list price, meaning buyers have room to negotiate.
Homes listed in Indianapolis - IN sit on the market for roughly 20 days before going pending. Shorter = seller's market; longer = buyer's market.
About 35.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 2,979 new listings hit the market each month in Indianapolis - IN. There are currently 9,110 homes for sale, up 12.8% from a year ago.
The typical monthly rent in Indianapolis - IN is $1,528, up 3.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 15.9x, toss-up (#122 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,615 a month in principal and interest, $87 more than renting before taxes, insurance and upkeep. The two break even at a 6.85% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in IN
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Fort Wayne - IN | $257,074 | +3.6% | 12.0d |
| South Bend - IN | $237,622 | +6.3% | 17.0d |
| Evansville - IN | $225,370 | +3.9% | 16.0d |