The housing prices in Indianapolis vary depending on the area and type of home. Generally, high-quality resale homes range from $1,000 to $1,500 per square meter, while new properties start at about $2,000 per square meter.

Additionally, the median home price across Indiana is about $264,400, which is relatively affordable compared to the national average.

Average Household Income

The average household income in Indiana is approximately $71,912, with a median household income of $54,325.

In Indianapolis, the median household income has been reported to be around $50,000.

These figures indicate that Indianapolis has a relatively affordable housing market and a moderate level of household income.

The average home price in Indianapolis, Indiana varies depending on the source and time of year, but is generally in the $200,000–$260,000 range.

Zillow: As of May 31, 2024, the average home value was $231,197
Redfin: As of May 2024, the median sale price was $250,000
RealWealth: As of January 2024, the average home price was $265,327

Home price by neighborhood
The median home price in Lockerbie Square is $465,000

Home prices in neighborhoods like Near Northside and Broad Ripple are higher than average
Home prices in neighborhoods like Near Southeast and Near Westside are lower than average