The Indianapolis real estate market remains a top choice for investors in 2024. With home prices rising, inventory increasing, and interest rates easing, Indy continues to offer affordability and strong rental demand compared to other major metros. If you’re considering buying in one of the Midwest’s hottest investment markets, here’s what you need to know.
Home Prices Are Rising but Stay Affordable
Indianapolis home prices have grown 3.7% year-over-year, slightly below the 4.7% national average. While appreciation continues, Indy remains far more affordable than cities like Denver, Austin, or Raleigh. Investors can still find solid cash flow opportunities, especially in Class B and C+ neighborhoods.
More Inventory = More Buying Power
Housing inventory in Indianapolis is up 24.3% over the past year—outpacing the 15% national average. This means more options for buyers, fewer bidding wars, and stronger negotiating power. While demand is steady, investors now have a better chance of securing good deals.
Homes Are Selling Faster Than the National Average
The median days on market in Indianapolis is just 15 days, significantly faster than the 30-45 day national average. While inventory has increased, homes are still moving quickly—especially well-priced properties in desirable areas.
Indianapolis Still Offers Cash Flow Potential
Unlike many high-cost cities where cash flow is disappearing, Indianapolis still provides rent-to-price ratios that work for investors. While the 1% rule is harder to find, Class B and C+ rental properties can still generate strong returns when purchased strategically.
Is Now the Right Time to Invest in Indianapolis?
With affordable pricing, rising inventory, and improving financing conditions, Indianapolis remains a top-tier real estate market for investors in 2024. If you’re looking for long-term appreciation and rental income, now may be the time to act before rates drop further and competition increases.
Let’s Find Your Next Investment Property!
Thinking about buying in Indianapolis? Whether you’re a first-time investor or expanding your portfolio, I can help you find the best opportunities in the market.