In Indianapolis, a typical home is worth $224,800 and typical rent is $1,156 a month. Home values, rent and income are very close to those of all of Marion County.
Typical home value from Zillow, September 2021 to September 2026: from $189,076 to $227,445.
Typical rent
$1,375a month
▲ 2.4% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,071 to $1,375.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Indianapolis is in Marion County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Marion County. See the county
What this place has that others do not, from public data, most unusual first.
1
According to Zillow, in the 12 months to September 2026 the typical home value in Indianapolis fell 0.9%; in Indiana, it rose 2.9%.
2
Nearby, in Beech Grove, the typical home value is $182,600: 19% less than in Indianapolis ($224,800).
Sources: Zillow (September 2026 data); U.S. Census Bureau (Average 2020–2024). Zillow data
The homes here
Housing in Indianapolis
What homes there are in Indianapolis, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Indianapolis
Marion County
Indiana
United States
Kind of home: Indianapolis and its comparisons
Measure
Indianapolis
Marion County
Indiana
United States
Detached house
59%
59%
73%
61%
Attached house
8%
8%
4%
6%
Building of 2 to 4
9%
9%
6%
8%
Apartments (5 or more)
23%
23%
13%
19%
Mobile home
1%
2%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is the most common home in Indianapolis: 59% of homes, near the figure in Marion County (59%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Indianapolis
Marion County
Indiana
United States
Year built: Indianapolis and its comparisons
Measure
Indianapolis
Marion County
Indiana
United States
Before 1960
33%
33%
31%
26%
1960–1979
26%
26%
24%
24%
1980–1999
23%
23%
23%
25%
2000–2009
10%
10%
12%
14%
2010 or later
8%
8%
10%
11%
In Indianapolis, half of the homes were built before 1973; in Marion County, before 1973.
By size, homes in Indianapolis look like those in Marion County: 53% have 3 bedrooms or more.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K12%
$100K–$200K29%
$200K–$300K30%
$300K–$500K21%
$500K–$750K5%
FHA limit: $541,287
$750K–$1M2%
$1M or more1%
Value of owner-occupied homes: Indianapolis and its comparisons
Measure
Indianapolis
Under $100K
12%
$100K–$200K
29%
$200K–$300K
30%
$300K–$500K
21%
$500K–$750K
5%
$750K–$1M
2%
$1M or more
1%
By price, most homes in Indianapolis sit under the FHA limit for Marion County ($541,287): about 93%.
Monthly rent with utilities
Under the limitOver the limit
Under $5004%
$500–$99929%
$1,000–$1,49945%
$1,500–$1,99916%
HUD fair market rent, 2 bedrooms: $1,536
$2,000–$2,4994%
$2,500–$2,9991%
$3,000 or more1%
Monthly rent with utilities: Indianapolis and its comparisons
Measure
Indianapolis
Under $500
4%
$500–$999
29%
$1,000–$1,499
45%
$1,500–$1,999
16%
$2,000–$2,499
4%
$2,500–$2,999
1%
$3,000 or more
1%
HUD's 2-bedroom fair market rent (FMR) for Marion County is $1,536; about 79% of rents in Indianapolis are below it.
With a mortgage
$1,462 a month
Marion County: $1,453 a month
Without a mortgage
$548 a month
Marion County: $550 a month
Owners with a mortgage
68%
Marion County: 68%
In Indianapolis, 68% of owners have a mortgage; their typical cost is $1,462 a month, about the same as in Marion County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Indianapolis+64%
Marion County+64%
Indiana+54%
United States+53%
Typical rent
Indianapolis+30%
Marion County+30%
Indiana+29%
United States+33%
Typical household income
Indianapolis+38%
Marion County+37%
Indiana+28%
United States+29%
Change since 2015–2019: Indianapolis and its comparisons
Measure
Indianapolis
Marion County
Indiana
United States
Typical home value
+64%
+64%
+54%
+53%
Typical rent
+30%
+30%
+29%
+33%
Typical household income
+38%
+37%
+28%
+29%
The typical home value in Indianapolis rose 64% since 2015–2019, about the same as in Marion County (64%).
The typical rent in Indianapolis rose 30% since 2015–2019, about the same as in Marion County (30%).
The typical household income in Indianapolis rose 38% over that time; home values changed +64% and rent +30%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Indianapolis and its comparisons
Measure
Indianapolis
Marion County
Indiana
United States
Rental vacancy
5.0%
4.9%
5.6%
5.5%
Homeowner vacancy
1.2%
1.2%
0.8%
0.9%
More than one person per room
2.8%
2.8%
1.8%
3.4%
People per household
2.40
2.40
2.46
2.53
Drive alone
72%
72%
76%
69%
Carpool
10%
10%
9%
9%
Public transit
1%
1%
1%
3%
Walk or bike
2%
2%
2%
3%
Work from home
14%
14%
11%
15%
Other means
1%
1%
1%
2%
Typical commute
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
In Indianapolis, the rental vacancy rate is 5.0%, about the same as in Marion County.
In Indianapolis, 2.8% of households live with more than one person per room, about the same as in Marion County.
A household in Indianapolis has 2.40 people on average, about the same as in Marion County (2.40).
To get to work, 72% of workers in Indianapolis drive alone; in Marion County, 72%.
Do the math
What would you pay each month for a home in Indianapolis?
A typical home is tight for the typical income
We start with a typical home in Indianapolis, worth $224,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Indianapolis, which is $66,219 a year. For that payment to be 28% of income, a household would need to earn about $79,665 a year.
The calculator's FHA and conventional loan limits are those of all of Marion County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Indianapolis. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,868 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,859
at 7.18% · 30 years
Loan amount
$220,728
Total interest
$317,576
Paid off in
November 2056
Includes $3,796 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,545 a month
Tight
$1,545 to $1,987 a month
Your payment · 34%
Hard
more than $1,987 a month
Compared with the typical household income in Indianapolis ($66,219 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,495
Property tax
$171
Home insurance
$94
FHA mortgage insurance (MIP)
$99
You need at least $7,868 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,859; principal and interest $1,495.
The city and its county
Indianapolis and Marion County
Indianapolis is in Marion County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Indianapolis
Map of Marion County, Indiana, with Indianapolis marked. Around it, the neighboring counties.
Indianapolis
Marion County
Other cities with a page
Indianapolis's own numbers
Typical home value
$224,800
Typical monthly rent
$1,156
Typical yearly household income
$66,219
Households that own their home
56%
Effective property tax rate
0.91%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Marion County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,536
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
3.3%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Marion County.
A typical home in Indianapolis is worth $224,800: about the same as the county and 3% above Indiana. With the typical household income in Indianapolis ($66,219 a year), a typical home costs 3.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Indianapolis3.4 years
Marion3.4 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Marion County
According to FHFA’s house price index, home prices in Marion County rose 100% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Marion County.
Yearly change in FHFA’s price index in Marion County, 2016 to 2025
2016: +4.5% +4.5% 2016
2017: +6.4% +6.4% 2017
2018: +8.9% +8.9% 2018
2019: +6.3% +6.3% 2019
2020: +5.3% +5.3% 2020
2021: +12.6% +12.6% 2021
2022: +15.3% +15.3% 2022
2023: +6.3% +6.3% 2023
2024: +3.6% +3.6% 2024
2025: +3.4% +3.4% 2025
Change in FHFA’s price index in Marion County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+3.4%
+4.3%
+2.9%
5 years (2020–2025)
+48%
+53%
+47%
10 years (2015–2025)
+100%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Indianapolis next to Marion County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Indianapolis$224,800
Marion$224,000
Indiana$218,200
United States$332,700
Typical monthly rent
Indianapolis$1,156
Marion$1,153
Indiana$1,062
United States$1,413
Typical yearly household income
Indianapolis$66,219
Marion$66,346
Indiana$71,957
United States$80,734
See the full table
Indianapolis next to Marion County and Indiana
Measure
Indianapolis
Marion County
Indiana
U.S.
Typical home value
$224,800
$224,000
$218,200
$332,700
Typical monthly rent
$1,156
$1,153
$1,062
$1,413
Typical yearly household income
$66,219
$66,346
$71,957
$80,734
Households that own their home
56% ▼1 points below the county
57%
71%
65%
Typical yearly property tax
$2,037
$2,028
$1,614
$3,119
Effective property tax rate
0.91%
0.91%
0.74%
0.94%
Renters with high rent for their income
51%
51%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Marion County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Indianapolis
For a typical $224,800 home in Indianapolis, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Indianapolis's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,859a month
Least cash to close
Down payment
$7,868
Cash to close
$14,612
Rate
7.18%
Mortgage insurance
FHA MIP · $99
Conventional, 5% down$1,818a month
Down payment
$11,240
Cash to close
$17,984
Rate
7.18%
Mortgage insurance
PMI · $107
Conventional, 20% down, no PMI$1,482a month
Down payment
$44,960
Cash to close
$51,704
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,690a month
Down payment
$33,720
Cash to close
$40,464
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Indianapolis
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,859
$7,868
$220,728
7.18%
FHA MIP · $99
$14,612
580
Conventional, 5% down
$1,818
$11,240
$213,560
7.18%
PMI · $107
$17,984
620*
Conventional, 20% down, no PMI
$1,482
$44,960
$179,840
7.18%
None
$51,704
620*
ITIN, 15% down (example)
$1,690
$33,720
$191,080
8.18%
None
$40,464
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Indianapolis is $1,156 a month: about the same as the county. In Indianapolis, 51% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Marion County, by unit size. To pay the 2-bedroom one ($1,536 a month) without spending more than 30% of your income, you would need to earn $29.54 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Marion County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,187
$22.83
$47,480
1 bedroom
$1,336
$25.69
$53,440
2 bedrooms
$1,536
$29.54
$61,440
3 bedrooms
$1,991
$38.29
$79,640
4 bedrooms
$2,425
$46.63
$97,000
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Indianapolis
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Indianapolis has 33 ZIP codes with their own.
For 2 bedrooms it runs from $1,310 in 46201 to $2,300 in 46278.
15 of the 33 are above the fair market rent for Marion County ($1,536).
2-bedroom fair market rent in each of the 33 ZIP codes of Indianapolis, beside the one for Marion County. For 2 bedrooms it runs from $1,310 in 46201 to $2,300 in 46278. 15 of the 33 are above the fair market rent for Marion County ($1,536).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,536
Lowest: $1,310 (46201)Highest: $2,300 (46278)
Fair market rent by ZIP code and size in Indianapolis, fiscal year 2027.
46183
$1,260
$1,420
$1,630
$2,110
$2,570
46201
$1,010
$1,140
$1,310
$1,700
$2,070
46202
$1,530
$1,720
$1,980
$2,570
$3,130
46203
$1,070
$1,200
$1,380
$1,790
$2,180
46204
$1,720
$1,930
$2,220
$2,880
$3,500
46205
$1,230
$1,380
$1,590
$2,060
$2,510
46206
$1,140
$1,280
$1,470
$1,910
$2,320
46208
$1,080
$1,220
$1,400
$1,810
$2,210
46214
$1,110
$1,250
$1,440
$1,870
$2,270
46217
$1,380
$1,560
$1,790
$2,320
$2,830
46218
$1,030
$1,160
$1,330
$1,720
$2,100
46219
$1,100
$1,230
$1,420
$1,840
$2,240
46220
$1,380
$1,560
$1,790
$2,320
$2,830
46221
$1,140
$1,290
$1,480
$1,920
$2,340
46222
$1,100
$1,230
$1,420
$1,840
$2,240
46224
$1,140
$1,280
$1,470
$1,910
$2,320
46225
$1,100
$1,230
$1,420
$1,840
$2,240
46226
$1,110
$1,250
$1,440
$1,870
$2,270
46227
$1,060
$1,190
$1,370
$1,780
$2,160
46228
$1,410
$1,590
$1,830
$2,370
$2,890
46229
$1,040
$1,170
$1,350
$1,750
$2,130
46235
$1,010
$1,140
$1,310
$1,700
$2,070
46237
$1,340
$1,500
$1,730
$2,240
$2,730
46239
$1,380
$1,560
$1,790
$2,320
$2,830
46240
$1,410
$1,580
$1,820
$2,360
$2,870
46241
$1,140
$1,290
$1,480
$1,920
$2,340
46250
$1,310
$1,470
$1,690
$2,190
$2,670
46254
$1,060
$1,190
$1,370
$1,780
$2,160
46256
$1,160
$1,300
$1,500
$1,940
$2,370
46259
$1,230
$1,380
$1,590
$2,060
$2,510
46260
$1,210
$1,360
$1,560
$2,020
$2,460
46268
$1,210
$1,370
$1,570
$2,040
$2,480
46278
$1,780
$2,000
$2,300
$2,980
$3,630
ZIP code2 bd3 bd
46183 $1,630$2,110
46201 $1,310$1,700
46202 $1,980$2,570
46203 $1,380$1,790
46204 $2,220$2,880
46205 $1,590$2,060
46206 $1,470$1,910
46208 $1,400$1,810
46214 $1,440$1,870
46217 $1,790$2,320
46218 $1,330$1,720
46219 $1,420$1,840
46220 $1,790$2,320
46221 $1,480$1,920
46222 $1,420$1,840
46224 $1,470$1,910
46225 $1,420$1,840
46226 $1,440$1,870
46227 $1,370$1,780
46228 $1,830$2,370
46229 $1,350$1,750
46235 $1,310$1,700
46237 $1,730$2,240
46239 $1,790$2,320
46240 $1,820$2,360
46241 $1,480$1,920
46250 $1,690$2,190
46254 $1,370$1,780
46256 $1,500$1,940
46259 $1,590$2,060
46260 $1,560$2,020
46268 $1,570$2,040
46278 $2,300$2,980
11 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Indianapolis when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 209 buildings with rents for lower incomes in Indianapolis. These are the largest.
N Oaks of Broad Ripple5018 Lemans Dr, Indianapolis 46205398 low-income homes · Studio: 14 · 1 bd: 117 · 2 bd: 226 · 3 bd: 41 · In service since 2000
Barton Block555 Massachusetts Ave, Indianapolis 46204373 low-income homes · Run by Indianapolis Housing Agency · Average payment: $304 a month · Average wait: 10 months(317) 261-7200
Carriage House East10042 Ellis Dr, Indianapolis 46235614 homes, 367 low-income · For families(317) 898-9767
Meadowlark Apartments9418 E 43rd St, Indianapolis 46235360 low-income homes · For families(317) 898-2211
Bradford Lake Apts7626 Portage Ave, Indianapolis 46227358 homes, 357 low-income · 1 bd: 112 · 2 bd: 183 · 3 bd: 62 · In service since 2000 · For families(317) 888-2805
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 4 HUD-approved agencies with an office in Marion County; 2 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Indianapolis or Marion County. The ones below are statewide in Indiana: they work in Indianapolis the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
The HUD-approved agencies closest to the center of Indianapolis, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
II
Intend Indiana, Inc
1704 Bellefontaine St, Indianapolis · 1 miles away · Spanish
No legal help resource on our list is for Indianapolis or Marion County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Indianapolis and all of Marion County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Indianapolis?
The typical home value in Indianapolis is $224,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Marion County it is $224,000.
How much does it cost to rent in Indianapolis?
Typical rent in Indianapolis is $1,156 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Marion County is $1,536.
What is the FHA loan limit in Indianapolis?
Indianapolis uses the FHA limit for all of Marion County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Indianapolis?
The typical homeowner in Indianapolis pays $2,037 a year, according to the U.S. Census Bureau. That is 0.91% of the home’s value; in Marion County, the rate is 0.91%.
Where can I find free help to buy or rent in Indianapolis?
There are 4 HUD-approved counseling agencies with an office in Marion County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
