All Reports Housing Affordability Indianapolis MSA • July 2026 • All Residential

Housing Affordability

Home price and typical payment compared to income

 Quick Summary

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Housing AffordabilityIndianapolis MSAJuly 2026

Affordability

Payment as a Percent of Income

Based on 3-mo. median sale price
July 2026
44.4%
Year-over-year change
+0%
Compared to 44.4% last year
Difference from state
+5%
Compared to 42.2% in Indiana
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR Data Warehouse / American Community Survey Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Affordable Listings

Pct. of listings in last 90 days affordable to household earning $75K
July 2026
26.7%
Year-over-year change
+7%
Compared to 25.0% last year
Difference from state
-26%
Compared to 36.1% in Indiana
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR Data Warehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Demographics

Median Household Income

Adjusted to current dollars
January 2025
$68,111
Year-over-year change
+5%
Compared to $65,082 last year
Difference from state
+10%
Compared to $61,915 in Indiana
View source and notes...

Last update: Aug. 7, 2026, midnight Source: American Community Survey and Bureau of Labor Statistics Employment Cost Index Data notes: The most recent income measure from the American Community Survey is adjusted by two-year change in the Employment Cost Index to adjust to current dollars. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Market Momentum

Price

Median Monthly Payment

For median-priced home
July 2026
$2,521
Year-over-year change
+0%
Compared to $2,518 last year
Difference from state
+16%
Compared to $2,178 in Indiana
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR Datawarehouse Data notes: Assumes 10% down payment, 0.77% tax rate, 0.83% insurance rate, 0.79% PMI rate. Interest rates are based on the national 4-week rolling average. Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Median Sale Price

3-Month Rolling Median
July 2026
$329,900
Year-over-year change
+2%
Compared to $325,000 last year
Difference from state
+16%
Compared to $285,000 in Indiana
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR Data Warehouse Data notes: - Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Sales

Closed Sales by Price

12-month rolling total
All properties, July 2026
31,387
+4%
Under $250K
9,452
-2%
At Least $250K
21,935
+6%
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Supply

New Listings by Price

12-month rolling total
All properties, July 2026
38,898
+5%
Under $250K
11,504
+4%
At Least $250K
27,394
+6%
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.

Inventory by Price

Average daily inventory in latest month
All properties, July 2026
6,955
+17%
Under $250K
2,226
+30%
At Least $250K
4,728
+11%
View source and notes...

Last update: Aug. 7, 2026, midnight Source: IAR MLS Data Warehouse Data notes: None Geography notes: Metropolitan Statistical Areas are defined by the U.S. Census Bureau after each decennial census. They are made up of one or more counties and contain an urbanized area with at least 50,000 people. Learn more here: https://www.census.gov/programs-surveys/metro-micro/about.html. Indianapolis MSA includes Boone County, Brown County, Hamilton County, Hancock County, Hendricks County, Johnson County, Madison County, Marion County, Morgan County, Putnam County, and 1 more.