Indianapolis, IN

According to John Burns' Housing Cycle Barometer, Indianapolis housing is ranked as "undervalued in comparison to history" (0.0 on a scale of 1-10, with 10 being the highest risk of housing correction), and only 18% of household income is spent on housing. It is rated as the 3rd most undervalued housing market in the U.S.

Indianapolis Facts and Statistics:

  • Indianapolis led the the nation's major metro areas in home affordability for the 12th straight quarter. The median price of homes sold during the second quarter was $108,000. And 91.6% of the households there earning the median income of $65,100 could afford to buy a median priced home. That's up from 86.8% last year.  Money/CNN - August 19th, 2008
  • Indianapolis, Ind., maintained its standing as the most affordable major U.S. housing market for a 10th consecutive time in the fourth quarter of 2007, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI), released today. - February 19, 2008
  • Business 2.0/Moodys ranked Indianapolis #2 in the top 10 major metro areas that are bucking the national housing trend and are poised for a rebound in 2008
  • According to Forbes Magazine, Indianapolis is the #1 most affordable place to own Real Estate
  • Indianapolis remains the Nation's most affordable Housing market. - NAHB
  • Indianapolis economy and housing prices to grow fastest in Nation. - CNN/Money
  • Duke to add 10,000 jobs to Indianapolis market - Indianapolis Star Newspaper
  • $750 million business park to become largest concentration of jobs in Indiana. - Indianapolis Star Newspaper
  • Indianapolis is as one of the 10 best places in America to start a business or a career. - Forbes Magazine
  • Expansion Management has listed the Indianapolis Metropolitan Statistical Area (MSA) among the "Top 50 hottest cities in the nation." Indianapolis was recognized for having a low cost of doing business, quality workforce and a strong economy.
  • Battelle Memorial Institute (Battelle) and the Biotechnology Industry Organization (BIO) ranked the Indianapolis Metropolitan Statistical Area (MSA) as the nation's ninth largest in total biosciences employment.
  • Indianapolis is 10th in the nation when it comes to the production of fast-growth, superachieving companies. Indy has had 88 companies on past lists. - Inc. Magazine
  • Indianapolis had the highest rate of job growth of 25 major metropolitan areas in the Midwest. Between 1195 and 2005, total employment in the Indianapolis region increased by 17 percent, outpacing the national job growth rate. - The Brookings Institution in Washington, D.C.
  • Indianapolis ranked as the third most cost-effective city in the nation for business. - KPMG
  • Entrepreneur magazine and the National Policy Research Council have named Indianapolis as the fifth hottest large city for entrepreneurs in the United States.
  • Indianapolis was ranked as one of the "Top 40 Real Estate Markets in the U.S.," based upon its attractiveness to growing companies trying to decide the best city to expand or relocate a new facility. - Expansion Management

PMI's Risk of Housing Decline Indianapolis