Markets › Indianapolis
Yearly benchmarkMoves monthlyMoves weeklyNews daily
Indianapolis IN
Covers Indianapolis, Carmel and Greenwood.
Current market read
Landlord’s market
ConditionFirm
The yearly data still reads a landlord's market, but the faster monthly signals are easing.
From public data. The situation now, not a forecast.
Renter Google searchabout 4,400 searches in July 2026 · HousesSee read →
Renter Google Search InterestGoogle · monthly
About 4,400 searches in July 2026, for Indianapolis on its own
What renters Google mostHousesSee all →Attention, not a verdict. Google searches for apartments to rent.
Momentum · which way it's movingRENT + JOBS · UPDATED MONTHLY
Cooling
Easing lately, job growth has cooled, as of Aug 2026.
VacancyCENSUS · 2024
Share of rentals sitting empty. Yearly Census backdrop, not what sets the condition.
Asking rentZILLOW · MONTHLY
+2.5%
▲ Year over year
SEP ’24AUG ’26
Census 2024: +5.5% · US avg +5.2%
Median rentCENSUS · 2024
$1,273/mo
Typical rent, 2024 yearly count
In the news · IndianapolisNEWS · DAILY
Latest local coverage, 3 days ago.● softer● neutral● firmer
Indianapolis Housing Agency CEO addresses residents, 12-month plan updateIndianapolis Housing Agency working to address constituents’ concernsIndianapolis Housing Agency responds to concerns from constituentsView all 8 Indianapolis news →Demand vs supplyCENSUS + BLS
Moderate demand
DEMAND
Jobs-1.1%
Migration 2025+2.18/1k
SUPPLY
Permits 2025-14.7%
Vacancy 20244.2%
Rent vs buyFREDDIE MAC · WEEKLY
+$873/mo
Cheaper to rent than buying
rent $1,273 · own $2,146
$1,273RENT
$2,146OWN
Net migrationCENSUS · 2025
+2.18/1k
▲ Net inflow of residents
OUTFLOWINFLOW
Census · BLS · FRED · Zillow · news
For information only. Not investment advice. AI-written summaries can make mistakes.