October's First-Time Homebuyer Report for Indianapolis

Indianapolis is much older than the rest of Indiana, with a median age of 33. It's somewhat affluent as well, with a median income of $44,940 per household. Detached homes account for 91% of the area's current housing market. The best school in the city is Merle Sidener Gifted Academy.

Price Range

The median value of homes in Indianapolis is $113,300, making it one of the most valuable areas in Indiana. At the same time, the average list price of available homes is presently $114,997.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Indianapolis:

$174K   $279K   $1.4M  

Typical Dwelling

A three-bedroom detached home valued around $135,679 is considered a typical dwelling in Indianapolis. If a buyer was looking for a similar home, they would need good credit and a $27,136 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $649 and the property tax rate is $10.41 per $1,000 of taxable assessed value.

Get started right now by checking out Indianapolis homes for sale or reviewing Indianapolis real estate trends.

Data reported through 10/13/2016


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