Indianapolis Investment Real Estate Guide

Indianapolis on map

Indianapolis is likely to be a top destination for investment real estate development.

Investors and developers are already starting to take notice of the Indianapolis market and many new developments are coming up. The city is making a name for itself as a growing hub for business opportunities.

Indianapolis was ranked as the most affordable metropolitan area in the United States by Forbes, according to the Bureau of Economic Analysis (BEA), with an average home price of $142,000. It also has one of the lowest unemployment rates in America at 2%.

Facts you Need to Know

Indianapolis is a city on the south shore of Lake Michigan. It is the state capital and the 14th most populous city in the United States.

Population: The population of Indianapolis is over 900,000

Median Income: The median income in Indianapolis is $47,945

Median Age: The median age of Indianapolis is 34.8 years old

Indianapolis is a city with an active housing market. The median listing price for homes is $252,000. The median sale price is $219,000.

Houses are on the rise in Indianapolis and the city has seen an increase in the number of people who are looking to buy homes. This requires more inventory to be available for potential buyers.

The housing market in Indianapolis is noteworthy for many reasons, but most notably because it rarely experiences any significant fluctuations in value or prices.

The city is the Indianapolis has a strong reputation for being nationally ranked as a “smart city” with its high quality of living and low unemployment rate.

The three most populous neighborhoods are Downtown Indianapolis, Broad Ripple Village and Carmel City Centre.

Class A Neighborhood

The Indianapolis metropolitan area has a large population spread across seven counties in Central Indiana. For the past few years, Indianapolis has received considerable attention for its increase in population and economic growth.

An interesting thing to note about this city is that it is home to some of the best neighborhoods in the country. If you’re looking for a place with great schools, low crime rates, and good schools, then you should consider moving to an Indianapolis neighborhood that’s designated as class A.

Class B Neighborhood

Worthington Place is a neighborhood located in Indianapolis near the north side. It is designated as a Class B neighborhood.

A Class B neighborhood has the following characteristics:

  • The residents have a median income that is below Indiana state median income, and more than 1/3 of the homes are occupied by renters.
  • A school in this area may be experiencing an increased level of academic stress due to overcrowding or population changes, and it does not meet at least one performance target.
  • More than 1/2 of the households have income less than 100% of poverty, or meet one or more measures of economic distress such as unemployment, low educational attainment, welfare dependency, or disability.
  • The percentage of vacant housing units exceeds 7%.

Class C Neighborhood

The North East neighborhood of Indianapolis is classified as a class C neighborhood. This is because there are many factors that contribute to this classification.

Some of the reasons for the neighborhoods classification as a class C are:

  • Percentage of residents living in poverty
  • Percentage of households with children under 18 headed by a single parent
  • Percentages of residents who own their home or rent from private landlords
  • Number of crimes per 1000 people

Become a Real Estate Investor in Indianapolis

Investing in property is one of the most common ways to grow wealth. Indianapolis has many great neighborhoods, which provide plenty of opportunities for investors to invest in. Investors can earn a return on their investment by owning property, renting out, or selling it at a higher price than what they bought it for.

Starting your real estate investment in Indianapolis is a great decision. Indianapolis has been on the rise for a while now and it continues to be an attractive spot for those looking to invest in property.

In Indianapolis, there are plenty of examples of different styles of residential property available. In addition, you can find commercial properties as well as multifamily units which you can purchase as an investment. You can still expect to find some affordable properties too so it doesn’t have to cost you a fortune to get started on this journey.

Rental Areas

The city of Indianapolis has a diverse rental market with plenty of options for renters. The city is home to many top-notch neighborhoods that are great for renting.

Indianapolis is also one of the most affordable cities in America. It offers an excellent quality of life and provides renters with the opportunity to explore the best neighborhoods at their own pace.

Here are some Indy real estate best neighborhoods for rentals: West Broad Ripple, South Broad Ripple, Meridian Hills, Irvington, and Downtown Indy.

Flipping Houses Areas

What sets Indianapolis investment real estate apart is the emerging neighborhoods. One emerging neighborhood is Fountain Square where the trendiest restaurants, bars, and coffee shops can be found. Another emerging neighborhood is Irvington, a historic district that has been revitalized with more than 1 million square feet of new residential and commercial space.

Irvington has a lot of potential because it offers plenty of opportunities for growth.

The prices are also relatively affordable with homes starting at $150,000.

The street is very well-maintained and has plenty of amenities. That means it’s easy to find homes that are in good condition and well-suited for future renovations or additions like adding an extra bedroom or bathroom.

Another neighborhood for flipping houses in Indianapolis is the Old Northside. This part of Indianapolis is north of downtown and has experienced a lot of gentrification over the last 10 years.

For out of state Investors

In recent years, there have been more and more buyers from overseas coming to purchase houses in Indianapolis. In fact, some neighborhoods have seen an increase of up to 10% due to foreign investors looking for homes here.

The city is a well-known destination for art, science, and history. The city also has a well-educated workforce and is home to some of the world’s largest companies.

Indianapolis attracts foreign real estate investors because the city is easy to access from major trade corridors, has a convenient airport, and offers rich cultural amenities.

With the right partner, you can save time when searching for a new home. You will have someone in your area who can help you find your dream home.

Finding Investment Properties in Indianapolis

Whether you’re buying an investment property to rent, or buy-to-rent, or you’re looking for a low-maintenance second home in the perfect location, Indianapolis has everything you need.

There are many great neighborhoods in Indianapolis where your next rental property could be waiting. Whether it’s in the city center near downtown Indianapolis, or one of the popular suburbs that offer a quieter and more suburban lifestyle like Carmel and Fishers.

We can help you find those deals ready in our blog on how to find motivated sellers or our beginner guide for real estate investment

C.L. Butler

C.L. Butler

I wholesale and flip in my home market of Indianapolis. I've developed some great relationships with people all over the world that I wouldn't normally be exposed to if it wasn't for the power of real estate.

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About Me

I’m a real estate investor with a passion for technology. by leveraging technology and services you can reach your financial and business goals quickly and efficiently 

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