Aug 2026
$260K
+2.9% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Indianapolis, IN
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Indianapolis, IN. Built for agents; free to read.
Indianapolis, IN’s median sale price is $260K as of Aug 2026 — +2.9% year over year. Pecan Street tracks Indianapolis with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), and is flagging 2 market signals here right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,387/mo
$59K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Indianapolis compares to other U.S. metros
| Price cuts | ↑3rd of 194 (top 2%) |
|---|---|
| Price-to-rent | ↓166th of 195 |
| Days on market | ↓118th of 194 |
| Home-price growth | ↑77th of 195 (top 40%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 11 -9.9% YoY ↓166th of 195 |
|---|---|
| Asking price / sq ft | $165 +4.6% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 58% -7.3 pts YoY ↑3rd of 194 (top 2%) |
|---|---|
| New housing units permitted | 1,176 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 124 |
|---|---|
| MLS board of record | MIBOR REALTOR Association |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
Strength 4 / 5
26 days
Greenwood homes taking 26 days to sell — +100.0% vs. a year ago
Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.
Strength 4 / 5
30 days
Plainfield homes taking 30 days to sell — +100.0% vs. a year ago
Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.
Price reconciliation
normal · 0.6ppRedfin (city) +2.9% | FHFA HPI · Q2 2026 +3.5% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for Indianapolis → Latest dispatch: Sep 11, 2026.
More markets in IN
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Start free trialZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 46074 | $515K↑ | 216↑ | 124↑ | 108↑ | 51↑ | $507K↑ |
| 46140 | $310K↓ | 142↑ | 76↑ | 72↑ | 52 | $297K↑ |
| 46143 | $375K↓ | 213↑ | 96↓ | 124↑ | 59↑ | $335K↑ |
| 46201 | $200K↓ | 240↑ | 80↑ | 144↑ | 56↓ | $152K↓ |
| 46202 | $445K↑ | 151↑ | 48↑ | 52↓ | 82↑ | $346K↓ |
| 46203 | $230K↓ | 252↑ | 68↓ | 164↑ | 69↑ | $167K↓ |
| 46205 | $298K↓ | 157↑ | 64↑ | 88↑ | 58↑ | $259K↓ |
| 46208 | $216K↑ | 134↑ | 44↑ | 80↑ | 54↓ | $173K↓ |
| 46218 | $150K↓ | 184↑ | 44↑ | 84↑ | 62↑ | $115K↓ |
| 46226 | $173K↓ | 137↑ | 52↑ | 84↑ | 51↑ | $161K↓ |
| 46227 | $239K↓ | 132↑ | 56↓ | 84↑ | 50↑ | $228K↓ |
| 46237 | $286K↑ | 136↑ | 72↑ | 92↑ | 54↑ | $261K↓ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.