Is Indianapolis, IN a good place to invest in rental property?

Indianapolis, IN has a median modeled monthly cash flow of $-385 and a median cap rate of 5.0%, on a median sold price of $319,900. Prices changed -3.3% year over year.

What is the average cap rate in Indianapolis, IN?

The median cap rate across recently sold homes in Indianapolis, IN is 5.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Indianapolis, IN?

The median sold price in Indianapolis, IN is $319,900 (about $145 per square foot).

Investing in Indianapolis, IN Real Estate

A data-driven snapshot of the Indianapolis, IN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$319,900Median sold price

$145Median $/sqft

5.0%Median cap rate

$-385Modeled cash flow / mo

-3.3%Appreciation YoY

7.5Months of supply

89Active listings

143Sold (last 12 mo)

What the Indianapolis numbers say

In Indianapolis, IN, the median home sold for $319,900 (about $145 per square foot), and the typical deal models out to a 5.0% cap rate with a median $-385 of monthly cash flow. Sold prices moved -3.3% over the past year. Inventory sits at about 7.5 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Indiana markets to compare

See Indianapolis cash-flowing listings

CashFlowRE ranks every for-sale home in Indianapolis, IN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Indianapolis deals, or browse the national market data.