Investor-grade market analytics for Indianapolis-Carmel-Anderson, Indiana. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$283,408
+1.4% year-over-year
6.4%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Migration: Top 4% nationally
In-migrants avg $61,853 AGI vs out-migrants $68,407
Opportunity Zone Market
33 ZIP codes in Indianapolis-Carmel-Anderson are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Indianapolis-Carmel-Anderson, IN is in a stabilization phase with 1.4% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability remains favorable with a price-to-income ratio of 3.68x, below the national average of 4.8x. Modest net positive migration (+1,670 returns/year) provides steady demand support. Climate risk remains low (30/100), favorable for long-term investment stability. Rental yield of 6.38% is strong, making this market attractive for buy-and-hold investors.
12-month projection (Zillow ZHVF model)
Indianapolis-Carmel-Anderson, IN's primary climate exposure is wind storms (52/100). The composite climate risk score of 30/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.