Home

Indianapolis, IN Real Estate


According to census data in the year 2000 there were 352,748 housing units in Indianapolis.

Of those housing units, 349,620 were located in either urbanized areas or urban clusters, and 3,128 were located in what is classified as a rural area.

Homeownership rate in Indianapolis is about 58.7%. Indianapolis's vacancy rate, including seasonal lodging, is about 9.2%. Average household size is 2.39 people.

The majority of houses, apartments or condos in Indianapolis were built after 1966.

Statistics

Housing Size

Housing Units by Size
Studio Type2.40%
One Bedroom16.30%
Two Bedrooms32%
Three Bedrooms36%
Four Bedrooms11.50%
Five Bedrooms or more1.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1963
Median Value of occupied units$98,200
Median Price asked for vacant units$78,000

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1970
Median Monthly Rent asked for vacant units$481

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage10.20%
Home Equity Loan9.10%
Simple Mortgage57%
Debt Free23.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.1%