Indianapolis, In

Population: 848,788
Average annual home appreciation rate: 6.86%
Total of homes for sale in this market: 2,254
Median home price: $125,173
Median Rent: $843
Home price range: 46.16% of homes are between $106,001 – $212,000
Median sales price: $74,612
Number of homes: 3,413
Median foreclosure sales price: $68,121
Foreclosure discount: 8.7%
Most common home type: 59.08% of homes are Single family detached
Number of vacant homes: 14.13%
Number of renters: 45.88%
Number of owner occupied: 54.12%
Number people living below poverty level: 20.92%
Unemployment rate: 4.40%
Is this area perfect for real estate deals going on right now? Indianapolis shows increasing levels of appreciation and has a cheap median home price, which could make this area very desirable for the savvy buyer who is looking to rent or hold property.

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