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2418 Wheeler St
B Composite 74.07
Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Rent growth +2.7/5.0
  • Livability +2.5/5.0
  • Condition / age +2.5/5.0
  • Schools +1.4/10.0
  • Appreciation +0.0/10.0

$100,000

2418 Wheeler St · Indianapolis city (balance), IN 46218
4 bd · 2.0 ba · 1,716 sqft · SingleFamily public records · 135 Days on market
Built 1915 5,401 sqft lot $58/sqft · 14% above area Est $154k · 35% under

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

Key facts

  • Flexible layout
  • 5,401 sq ft lot
  • Built 1915

Tags

FLEXIBLE LAYOUTCLOSE PROXIMITY TO DOWNTOWN

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath single-family listed at $100k.

Deal economics

  • At list price, monthly cash flow is $414 ($5k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $100k).
  • Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
  • Cap rate 11.3% vs local median 4.4% in Indianapolis city (balance) — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
  • Indianapolis Public Schools (urban): math 14% / reading 20% proficiency, ranked #286 of 301 in IN (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents flat; 334 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 1,906 units permitted in Marion County in 2024 (621 in 5+ unit buildings).
  • At $1,505/mo this rent would consume 47% of the median local household income ($38k/yr) (locally 2340% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Marion County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 0.8% rent growth), your $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 135 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
  • 7 sale attempts since 23y ago; this cycle's ask has dropped $18k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $8k; list at $100k implies a 1076% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: property tax is 2.5% of price; built in 1915 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $88,000 (12.0% below list)

Questions for the listing agent

  1. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.51%
Cap rate
11.26%
Cash-on-cash
17.73%
DSCR
1.79
GRM
5.5

CMA / ARV

ARV (median comp)
$154,145
List price
$100,000
Delta
-35.13%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2614 N Olney St 0.36mi 4/2.0 1,735 (+1%) 8mo $92,000 $53 75
2622 N Gale St 0.44mi 3/1.0 (-1) 1,698 (-1%) 2mo $42,000 $25 67
2352 Stuart St 0.29mi 3/2.5 (-1) 1,800 (+5%) 5mo $220,000 $122 67
2006 N Olney St 0.63mi 4/2.0 1,680 (-2%) 9mo $97,000 $58 60
2341 N Rural St 0.18mi 3/2.5 (-1) 1,920 (+12%) 6mo $208,000 $108 59
2616 Eastern Ave 0.31mi 3/1.0 (-1) 1,920 (+12%) 5mo $117,500 $61 53
2941 Eastern Ave 0.59mi 4/2.0 1,540 (-10%) 4mo $207,500 $135 52
2860 Eastern Ave 0.52mi 3/1.0 (-1) 1,632 (-5%) 9mo $112,000 $69 51
2359 N Gale St 0.42mi 4/2.0 1,464 (-15%) 8mo $130,000 $89 49
2752 N Keystone Ave 0.54mi 3/1.5 (-1) 1,545 (-10%) 8mo $90,000 $58 44
2709 Station St 0.56mi 3/2.0 (-1) 1,478 (-14%) 9mo $200,000 $135 38
2822 E 19th St 0.69mi 3/2.0 (-1) 1,946 (+13%) 6mo $131,500 $68 35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.81% rent growth · sell at horizon

5-year hold
IRR
6.6%
Equity multiple
1.25×
Total profit
$6,974
Equity at exit
$14,910
10-year hold
IRR
13.8%
Equity multiple
1.98×
Total profit
$27,557
Equity at exit
$8,646

Cash invested: $28,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
90 Strongly Landlord-Friendly
State Indiana
90 Strongly Landlord-Friendly · R+11
County
— inherits STATE
City
— inherits STATE
10-day pay-or-quit; landlord-favorable; preempted.

ZIP-level market 46218

Home prices YoY
-17.1%
Rents YoY
0.8%
Active inventory
334
Price-to-rent
5.5×

Monthly cashflow live

Estimated rent
$1,505 high interval (Pro) →
Mortgage (P&I)
$524
Tax from tax record
$209 /mo · $2,514/yr
Insurance
$42
HOA
$0
Vacancy / Maint / Mgmt
$316
Net cashflow
$414

Break-even live

Break-even rent $982
Max offer price $100,000
Occupancy floor 68%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$25,000
Closing costs
$3,000
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3449 E 26th St Indianapolis, IN 3.0 2.0 1200 $1,512 $1.26 2d 1 0.31mi
3451 E 26th St Indianapolis, IN 3.0 2.0 1200 $1,650 $1.38 43d 1 0.31mi
2827 Adams St Indianapolis, IN 3.0 2.0 1200 $1,512 $1.26 2d 1 0.42mi
2221 Station St Indianapolis, IN 3.0 2.5 1312 $1,600 $1.22 23d 1 0.54mi
2826 Station St Indianapolis, IN 3.0 2.0 1248 $1,550 $1.24 43d 1 0.60mi
1938 N Dearborn St Indianapolis, IN 3.0 1.0 1162 $1,400 $1.20 23d 1 0.60mi
1927 N Dearborn St Indianapolis, IN 3.0 1.0 2182 $1,495 $0.69 43d 1 0.60mi
2815 Brookside Ave Indianapolis, IN 3.0 2.0 1120 $1,350 $1.21 10d 1 0.66mi
2822 E 19th St Indianapolis, IN 3.0 2.0 1130 $1,300 $1.15 43d 1 0.68mi
2616 Caroline Ave Indianapolis, IN 4.0 1.0 1276 $1,300 $1.02 43d 1 0.69mi
2372 Beckwith Dr Indianapolis, IN 4.0 1.0–1.5 779 $1,349 $1.73 1d 32 0.72mi
2820 Caroline Ave Indianapolis, IN 3.0 1.5 1112 $1,250 $1.12 23d 1 0.77mi
2862 N Chester Ave Indianapolis, IN 3.0 2.0 1076 $1,520 $1.41 43d 1 0.84mi
2224 Langley Ave Indianapolis, IN 4.0 2.0 1513 $1,595 $1.05 43d 1 0.86mi
3920 E 30th St Indianapolis, IN 3.0 1.0 1071 $1,350 $1.26 4d 1 0.92mi
3920 E 30th St Indianapolis, IN 3.0 1.0 1071 $1,350 $1.26 7d 1 0.92mi
1550 N Rural St Indianapolis, IN 3.0 1.0 1388 $1,600 $1.15 43d 1 0.97mi
2819 N Gladstone Ave Indianapolis, IN 4.0 2.0 1261 $1,450 $1.15 43d 1 0.97mi
3121 Baltimore Ave Indianapolis, IN 3.0 1.0 1232 $7,865 $6.38 7d 1 1.01mi
2330 E 16th St Indianapolis, IN 3.0 1.5 1378 $1,450 $1.05 4d 1 1.06mi
2407 E 16th St Indianapolis, IN 3.0 1.0 1212 $1,450 $1.20 23d 1 1.06mi
2405 E 16th St Indianapolis, IN 3.0 1.0 1120 $1,450 $1.29 14d 1 1.07mi
1531 N Kealing Ave Unit A Indianapolis, IN 3.0 2.0 1250 $1,397 $1.12 23d 1 1.08mi
1531 N Kealing Ave Indianapolis, IN 3.0 2.0 1250 $1,500 $1.20 23d 1 1.08mi
1521 N Kealing Ave Indianapolis, IN 3.0 1.0 1250 $1,250 $1.00 17d 1 1.09mi
2203 Sheldon St Unit B Indianapolis, IN 3.0 2.0 1350 $1,500 $1.11 44d 1 1.10mi
4320 E 30th St Indianapolis, IN 3.0 1.5 1152 $1,195 $1.04 23d 1 1.16mi
1722 Ingram St Indianapolis, IN 3.0 2.0 1250 $1,550 $1.24 4d 1 1.22mi
1722 Ingram St Unit A Indianapolis, IN 3.0 2.0 1250 $1,550 $1.24 7d 1 1.22mi
1719 Ingram St Unit 1719 Indianapolis, IN 3.0 2.0 1250 $1,500 $1.20 43d 1 1.23mi
1717 Ingram St Unit 1717 Indianapolis, IN 3.0 2.0 1250 $1,500 $1.20 43d 1 1.23mi
1216 N Oakland Ave Indianapolis, IN 3.0 2.0 1464 $1,550 $1.06 14d 1 1.23mi
1214 N Oakland Ave Indianapolis, IN 3.0 2.0 1464 $1,350 $0.92 14d 1 1.24mi
1424 N Denny St Indianapolis, IN 3.0 1.0 1206 $1,295 $1.07 43d 1 1.27mi
2553 Columbia Ave Unit 2553-B Indianapolis, IN 3.0 2.0 1350 $1,525 $1.13 43d 1 1.27mi
3142 N Euclid Ave Indianapolis, IN 3.0 1.0 1050 $1,050 $1.00 43d 1 1.28mi
2340 Columbia Ave Unit 2340-B Indianapolis, IN 3.0 2.0 1350 $1,650 $1.22 43d 1 1.29mi
2757 Columbia Ave Unit 2757-B Indianapolis, IN 3.0 2.0 1350 $1,525 $1.13 43d 1 1.30mi
1119 N Dearborn St Indianapolis, IN 3.0 1.5 1200 $1,249 $1.04 43d 1 1.31mi
1113 N Oxford St Indianapolis, IN 3.0 2.0 1100 $1,495 $1.36 7d 1 1.32mi

Listing history 15 events

  1. 2026-05-20
    status Pending 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  2. 2026-05-04
    status Active 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  3. 2026-04-20
    status Pending 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  4. 2026-03-29
    status Active 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  5. 2026-03-20
    status Pending 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  6. 2026-03-06
    status Active 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  7. 2026-03-01
    status Pending 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  8. 2026-02-24
    price $100,000 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  9. 2026-02-16
    status Active 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  10. 2026-02-11
    status Pending 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  11. 2026-01-13
    status Active 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  12. 2026-01-02
    status Pending 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  13. 2025-11-19
    listed $118,000 Active 673-char remark
    Show marketing remark (673 chars)

    Unlock the potential of this 4 bedroom property located in the heart of Indianapolis, just minutes from the downtown core. This home is an investor's opportunity and is being offered as a full renovation project. The structure has been partially started as a flip and now awaits your vision to bring it to completion. With ample square footage, a flexible layout, and close proximity to downtown amenities, major roadways, and redevelopment activity, this property is ideal for builders, rehabbers, or buyers seeking a value-add project. Home is sold AS-IS, and significant repairs are needed. Bring your plans and transform this inner-city home into a standout asset.

  14. 2004-03-29
    soldstatus $8,500 38-char remark
    Show marketing remark (38 chars)

    Needs work. Has potential, Sold As Is.

  15. 2003-10-27
    listed $12,900 38-char remark
    Show marketing remark (38 chars)

    Needs work. Has potential, Sold As Is.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

Current annual tax
$2,514 · $209/mo
Projected year-2 tax
$2,514 · $209/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 3/10 Moderate 7 d/yr ≥102°F today · 18 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
  • 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$18,065
− Mortgage interest
−$5,602
− Property taxes
−$2,514
− Insurance
−$500
− Repairs & maintenance
−$1,445
− Management
−$1,445
− Depreciation
−$2,909
Taxable income
$3,650
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$876
After-tax cash flow
$4,089/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

District
Indianapolis Public Schools
NCES district ID
1804770
Math proficiency
14% ▼ -7.00%
Reading proficiency
20% ▼ -3.00%
Median HH income
$32,034
Composite
13.69/100
National rank
#9499
State rank
#286 of 301 in IN

Livability — Indianapolis city (balance)

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

Census place
Indianapolis city (balance), IN
County
Marion County · 998,460 people
City population
881,119
Metro
Indianapolis-Carmel-Anderson, IN
Population (ZIP)
29,360
Household income
$38,063
Rent vs Own
47.2% rent · 52.8% own
Severe rent burden
2340.0

Population outlook (Marion County) Hauer SSP2

Today (2025)
1,025,572 people
By 2030
1,065,727 · +3.9%
By 2040
1,141,577 · +11.3%
By 2050
1,208,920 · +17.9%
By 2075
1,367,288 · +33.3%
By 2100
1,438,201 · +40.2%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly Black (68%)
Race & ethnicity
Black 68% White 18% Hispanic / Latino 9% Two or more races 6%
Hispanic origin (detail)
Mexican 6%
Common ancestry
Romanian 1%
Foreign-born
5% · Canada, Philippines
Languages at home
92% English-only · Spanish 7%

Political lean MEDSL · Marion

2024 margin
Strong D (+27.7) · D 63.0% · R 35.3% · Other 1.7%
2008→2024 swing
-0.7pp no change · 2008: 28.4pp · 2024: 27.7pp
All cycles
2024: D+27.7 2020: D+29.1 2016: D+22.8 2012: D+22.2 2008: D+28.4

Not yet ingested

Civics

Market trends

HPI YoY
▼ -81.57%
Current HPI
395.7071
Rent YoY
▲ 0.81%
Metro
Indianapolis-Carmel-Anderson, IN
State GDP YoY
▲ 2.90%
F500 in state
18

Industry mix (Fortune 500 HQ in IN)

Industry F500 HQs Revenue

Price history

+675.2% since first listed
15 events — show timeline
  • 2026-05-20 Pending MIBOR as Distributed by MLS Grid
  • 2026-05-04 Relisted MIBOR as Distributed by MLS Grid
  • 2026-04-20 Pending MIBOR as Distributed by MLS Grid
  • 2026-03-29 Relisted MIBOR as Distributed by MLS Grid
  • 2026-03-20 Pending MIBOR as Distributed by MLS Grid
  • 2026-03-06 Relisted MIBOR as Distributed by MLS Grid
  • 2026-03-01 Pending MIBOR as Distributed by MLS Grid
  • 2026-02-24 Price Changed $100,000 MIBOR as Distributed by MLS Grid
  • 2026-02-16 Relisted MIBOR as Distributed by MLS Grid
  • 2026-02-11 Pending MIBOR as Distributed by MLS Grid
  • 2026-01-13 Relisted MIBOR as Distributed by MLS Grid
  • 2026-01-02 Pending MIBOR as Distributed by MLS Grid
  • 2025-11-19 Listed $118,000 MIBOR as Distributed by MLS Grid
  • 2004-03-29 Sold (MLS) $8,500 MIBOR as Distributed by MLS Grid
  • 2003-10-27 Listed $12,900 MIBOR as Distributed by MLS Grid

Property tax history

+33.1%/yr

Latest (2025): $2,514 · +653.1% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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