Indianapolis, IN

Population: 843,393
Average annual home appreciation rate: 6.36%
Total of homes for sale in this market: 3,116
Median home price: $123,284
Median Rent: $828 per room
Home price range: 46.16% of homes are between $104,001 – $209,000
Median sales price: $25,100
Number of homes: 2,881
Median foreclosure sales price: $63,000
Foreclosure discount: N/A
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: 20.92%
Number people living below poverty level: 20.92%
Unemployment rate: 4.90%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Indianapolis area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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