Is Indianapolis city (balance), IN a good place to invest in rental property?

Indianapolis city (balance), IN has a median modeled monthly cash flow of $-377 and a median cap rate of 4.5%, on a median sold price of $235,000. Prices changed -2.9% year over year.

What is the average cap rate in Indianapolis city (balance), IN?

The median cap rate across recently sold homes in Indianapolis city (balance), IN is 4.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Indianapolis city (balance), IN?

The median sold price in Indianapolis city (balance), IN is $235,000 (about $135 per square foot).

Investing in Indianapolis city (balance), IN Real Estate

A data-driven snapshot of the Indianapolis city (balance), 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.

$235,000Median sold price

$135Median $/sqft

4.5%Median cap rate

$-377Modeled cash flow / mo

-2.9%Appreciation YoY

9.5Months of supply

5,463Active listings

6,888Sold (last 12 mo)

What the Indianapolis city (balance) numbers say

In Indianapolis city (balance), IN, the median home sold for $235,000 (about $135 per square foot), and the typical deal models out to a 4.5% cap rate with a median $-377 of monthly cash flow. Sold prices moved -2.9% over the past year. Inventory sits at about 9.5 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.

🔨 See 12 fix-and-flip deals in Indianapolis city (balance) — listings where the estimated after-repair value beats list price + rehab.

Other Indiana markets to compare

See Indianapolis city (balance) cash-flowing listings

CashFlowRE ranks every for-sale home in Indianapolis city (balance), 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 city (balance) deals, or browse the national market data.