Indianapolis city, IN Homes and Housing

Indianapolis city Housing Overview

The median owner costs for Indianapolis city, IN are 1,175, as seen in the table below. Homes are older compared to the national average. Homes have on average 5 rooms in Indianapolis city, IN.

City State USA
Median Owner Costs
$1,175
Very High
$1,144
Near Average
$1,524
National Median
Median Rent
$586
Very High
$542
Low
$699
National Median
Median Built Year
1968
1971
1975
Median Rooms
5
6
6

Indianapolis city Housing Occupancy

The following table shows a general overview of home occupancy in Indianapolis city, IN. Owners occupy more of the homes here than the national average. The percentage of homes being rented is below the national average.

Type City State USA
Owner Occupied
49.7%
188,557 Homes
63.5%
1,763,781 Homes
58.5%
76,089,650 Homes
Renter Occupied
35.8%
135,917 Homes
25.3%
701,621 Homes
29.3%
38,146,346 Homes
For Rent
4.1%
15,635 Homes
2.7%
75,883 Homes
2.5%
3,286,932 Homes
For Sale
1.7%
6,617 Homes
1.8%
50,392 Homes
1.5%
1,886,522 Homes
For Seasonal, Recreational, or Occasional Use
0.2%
697 Homes
1.4%
38,011 Homes
3.6%
4,683,380 Homes
Total Occupied
85.5%
324,474 Homes
88.7%
2,465,402 Homes
87.8%
114,235,996 Homes
Total Vacant
14.5%
55,058 Homes
11.3%
313,057 Homes
12.2%
15,802,084 Homes
Total Housing
379,532
2,778,459
130,038,080

Indianapolis city Mortgage Status

The information below is a summary of mortgage status in Indianapolis city, IN. Indianapolis city, IN homes are less likely to have a mortgage compared to the national average.

Type City State USA
Has a Mortgage
38.6%
146,493 Homes
44.7%
1,242,374 Homes
39.8%
51,696,841 Homes
No Mortgage
11.1%
42,064 Homes
18.8%
521,407 Homes
18.8%
24,392,809 Homes

Indianapolis city Monthly Owner Costs for Housing Homes with a Mortgage

The table below shows the average monthly expenses for home owners with a mortgage in Indianapolis city, IN. These costs for home owners are $1,175 monthly.

Monthly Mortgage City State USA
< $500
2.1%
3,113 Homes
3.4%
41,803 Homes
2.1%
1,067,631 Homes
$500 - $999
31.7%
46,457 Homes
34.7%
430,982 Homes
19.8%
10,235,704 Homes
$1,000 - $1,499
39.3%
57,635 Homes
35.7%
443,515 Homes
27.1%
13,998,238 Homes
$1,500 - $1,999
16.3%
23,951 Homes
15.5%
193,094 Homes
19.9%
10,309,611 Homes
$2,000 - $2,999
7.5%
10,927 Homes
8.2%
101,342 Homes
19.4%
10,022,149 Homes
> $3,000
3.0%
4,410 Homes
2.5%
31,638 Homes
11.7%
6,063,508 Homes

Indianapolis city Rental Prices

The below table display home rental prices for Indianapolis city, IN. The average rental home is $586 monthly.

Monthly Rent City State USA
< $300
5.9%
8,010 Homes
10.2%
71,752 Homes
9.0%
3,437,912 Homes
$300 - $499
23.8%
32,285 Homes
27.9%
195,987 Homes
16.3%
6,217,643 Homes
$500 - $699
40.0%
54,419 Homes
34.2%
240,289 Homes
21.9%
8,360,532 Homes
$700 - $999
21.1%
28,675 Homes
16.4%
114,730 Homes
24.0%
9,150,071 Homes
$1,000- $1,499
4.4%
6,009 Homes
3.5%
24,732 Homes
15.3%
5,825,969 Homes
$1,500 - $1,999
0.7%
931 Homes
0.8%
5,391 Homes
5.0%
1,898,263 Homes
> $2,000
0.5%
723 Homes
0.6%
4,302 Homes
2.8%
1,078,925 Homes
Notes
  • City rating based on comparing Indianapolis city to other Indiana cities.
  • State rating based on comparing Indiana to other U.S. states.
  • All ratings are segmented into quintiles (very low, low, average, high, very high).
  • Data provided by the 2010 U.S. Census.
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