Market Overview
Home Prices in Indianapolis, IN
The median home value in Indianapolis, IN is $233,826 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.5% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Indianapolis are priced43% below average. Indianapolis is part of the Indianapolis-Carmel-Anderson, IN metro area.
Over the past five years, Indianapolis home values have risen by approximately24.3%, reflecting strong long-term appreciation in this market.
Price History
Indianapolis Home Price Trend
City Comparison
Indianapolis vs. National Median
At $233,826, homes in Indianapolis cost 43% below the national median of $410,000. This makes Indianapolis a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Indianapolis?
20% Down Payment
$46,765
on $233,826
Monthly P&I
$1,219/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,548/mo
incl. taxes & insurance
Income Needed
$61,920
gross annual (30% rule)
10% Down Option
$23,383
+ PMI applies
Loan Amount (20% dn)
$187,061
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Indianapolis, IN?
The median home value in Indianapolis is $233,826 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.5% year-over-year.
How much have home prices changed in Indianapolis?
Over the past year, home values in Indianapolis have decreased by 0.5%. Over five years, prices have risen approximately 24.3%.
How much do I need to earn to buy a home in Indianapolis?
To comfortably afford the median home price of $233,826 with a 20% down payment ($46,765) at today's rates (6.8%), you'd need a gross annual income of approximately $61,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Indianapolis compare to the national average home price?
The national median home value is approximately $410,000. At $233,826, homes in Indianapolis are 43% below the national average.
What metro area is Indianapolis part of?
Indianapolis is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.