Market research · IN

IndianapolisIndiana market area

66 ZIP codes · in the Indianapolis-Carmel-Anderson, IN metro (CBSA 26900)

Truehold’s Indianapolis market area covers 66 ZIP codes in Indiana.

Figures below combine those 66 ZIP codes. Read them as a picture of this market area, not of the full metro.

Rent growth & home prices
through Aug 31, 2026
Population
Census 2024
Listings
current · last 90 days

Loading market map…

Market area Scored ZIP (38) Other ZIP (28)
Select a ZIP to open its report. Scored ZIPs had at least 10 rentals in the last 90 days. Scroll over the map to zoom.
Average estimated home value
$347,999
AVM, averaged across 562,735 homes
Average estimated monthly rent
$2,620
Rent AVM, averaged across the same homes
Gross yield
9.03%
12 × rent estimate ÷ value estimate
Rent growth · 12 months Approx.
≈ 3.61%
Through Aug 31, 2026 · covers 88% of homes
Rental market

Indianapolis in Truehold’s top 10

The four rental measures behind the market score, next to the typical Truehold market: the median across the 19 markets with at least 100 rentals in the last 90 days. These describe recent rental conditions, not a forecast.

#6 of Truehold’s top 10 marketsScore 64.7

  • Rent growth · 12 monthsApprox.
    Indianapolis
    ≈ 3.61%
    Typical market
    2.80%

    Rents grew faster than in a typical market.

  • Gross yield
    Indianapolis
    9.03%
    Typical market
    8.70%

    About the same as a typical market.

  • Average days on market · rented last 90 days
    Indianapolis
    49.7
    Typical market
    59.2

    Faster to lease than a typical market.

  • Rentals per 1,000 homes · last 90 days
    Indianapolis
    1.73
    Typical market
    1.89

    About the same as a typical market.

Housing profile

The homes covered by the 66 ZIP codes’ market data. Unit counts are added together; estimates and home features are averages weighted by each ZIP’s units.

Total units
562,735
Institutional ownership
0.02%
AVM
$347,999
Rent AVM
$2,620
Gross yield
9.03%
Average bedrooms
3.2
Average bathrooms
2.3
Average square feet
2,167
Average year built
1978

Market direction

Growth over the stated period, ending Aug 31, 2026. These are separate period measures, not a monthly time series. Each figure averages the ZIPs’ own growth rates, weighted by units, so it approximates the market-wide change.

Home price growth · year over yearApprox.
≈ 1.36%
Rent growth · 1 monthApprox.
≈ 0.28%
Rent growth · 3 monthsApprox.
≈ 1.4%
Rent growth · 6 monthsApprox.
≈ 3.06%
Rent growth · 12 monthsApprox.
≈ 3.61%
Home price growth covers
100.00% of units
12-month rent growth covers
87.6% of units
Listing activity

The rental & sale market

Current listings alongside a recent sample: rentals marked rented in the last 90 days, and sold homes first listed in the last 90 days. Counts are added across ZIPs; days on market, asking prices and institutional shares are averages weighted by each ZIP’s listing count. Sample sizes and property mix differ; these columns are not a growth calculation.

Rental listings
MeasureCurrentRented · last 90 days
Listings1,174976
Average days on market19.549.7
Institutional share of listings0.26%0.31%
Current monthly asking rent (average now · median recent)$2,016Not combined
Sale listings
MeasureCurrentSold · listed in last 90 days
Listings5,9031,842
Average days on market79.5Not reported
Institutional share of listings0.03%Not reported
Current asking price$375,785Not reported
Median sold listing priceNot reportedNot combined

“Not combined” marks ZIP-level medians: a median of medians isn’t the market’s median, so they appear only on each ZIP’s page. Missing prices are not zero-dollar listings.

People & supply

Population from the 2024 Census estimates, and new listing activity reported for the 66 ZIP codes. Household income is a median, so it stays on each ZIP’s page.

Population
1,794,491
Population growth · year over yearApprox.
≈ 1.2%
New listings · last 12 months
28,544
New listings · share of units
5.07%

All 66 ZIP codes

Sorted by hot-rental score. Select a column heading to re-sort.

38 scored · 28 with too few rentals
46235Top 10Indianapolis86.99.68%11.09%2921$227,019
46218Top 10Indianapolis86.36.41%15.03%4131$129,473
46203Top 10Indianapolis83.85.79%11.55%4665$206,962
46226Indianapolis80.55.64%11.72%4223$197,638
46201Indianapolis79.14.67%11.56%4850$190,823
46239Indianapolis76.94.79%9.52%3925$313,927
46219Indianapolis71.92.49%11.10%4128$208,085
46280Carmel71.29.62%8.46%3515$394,712
46075Whitestown69.84.83%8.57%3519$401,526
46142Greenwood68.25.15%9.00%3811$332,364
46222Indianapolis67.84.44%13.73%5821$146,136
46227Indianapolis67.11.67%10.36%2720$242,079
46016Anderson66.25.44%18.06%8023$89,757
46032Carmel65.37.81%7.04%3120$756,647
46229Indianapolis64.82.88%10.71%5329$243,318
46220Indianapolis64.13.05%8.46%2819$413,249
46205Indianapolis63.93.55%9.19%5335$333,213
46140Greenfield62.83.96%9.21%4919$332,254
46208Indianapolis61.85.77%9.68%5813$283,452
46234Indianapolis60.32.16%9.52%4115$313,165
46224Speedway60.01.53%11.06%3913$215,711
46038Fishers59.33.46%8.71%4414$407,513
46123Avon55.62.06%8.89%4622$384,282
46168Plainfield53.82.21%9.05%4614$353,415
46074Westfield53.34.97%7.84%6941$589,422
46131Franklin52.93.90%8.75%9031$316,557
46254Indianapolis51.31.59%10.34%5619$254,246
46237Indianapolis50.81.85%9.70%4912$288,288
46143Greenwood50.72.16%8.66%5935$378,382
46217Indianapolis50.6-1.84%9.92%3724$279,143
46113Indianapolis49.21.70%9.85%5817$292,175
46037Fishers48.86.85%7.95%7418$539,034
46221Indianapolis47.01.41%11.45%6314$206,769
46236Lawrence45.41.53%8.37%4110$425,898
46202Indianapolis43.70.88%8.55%4820$423,633
46062Noblesville40.72.38%7.95%5313$514,047
46268Indianapolis38.5-0.45%9.94%5011$285,445
46055McCordsville24.7-1.18%8.48%5812$484,875
46001Alexandria——11.00%552$201,416
46012Anderson——11.31%3712$195,961
46013Anderson——10.81%16210$185,136
46017Anderson; Chesterfield; Daleville——10.55%371$214,419
46033Carmel—8.46%7.62%274$648,435
46034Cicero——7.53%271$508,487
46040Fishers——7.86%3313$541,445
46048Ingalls——10.03%524$222,980
46051Lapel——9.06%471$269,312
46060Noblesville—5.80%8.52%—0$403,463
46064Pendleton——8.33%505$363,195
46107Beech Grove——11.26%436$205,722
46112Brownsburg—4.62%8.74%559$387,142
46118Clayton——8.72%—0$345,783
46157Monrovia——8.76%—0$343,554
46184Whiteland——9.32%408$293,389
46214Indianapolis—-2.93%10.24%428$254,758
46216Lawrence—5.51%9.77%331$324,574
46225Indianapolis—8.42%11.50%399$214,552
46228Indianapolis——9.05%318$336,691
46231Indianapolis——10.39%5610$267,776
46240Indianapolis—0.42%7.54%241$515,992
46241Indianapolis—0.39%13.40%344$161,417
46250Indianapolis—2.15%8.66%425$423,345
46256Indianapolis—-4.12%8.54%393$429,577
46259Indianapolis——8.77%506$389,427
46260Indianapolis—2.81%8.46%143$426,875
46278Indianapolis——8.54%—0$475,024
Score: 0–100 hot-rental score among the 647 published Truehold ZIPs with at least 10 rentals in the last 90 days. “Top 10” marks a ZIP in Truehold’s national top 10. “—” means too few rentals to score, or no value reported.
Indianapolis rental market · Indiana market area — Truehold Portfolio