Everything continues to look good for Indianapolis as a real estate buy & hold hotspot. With its promising statistics and excellent sales potential, it is a market every investor must consider. Become a member of Indianapolis’ premier real estate investment group to expand your opportunities and capitalize on the real estate’s investment market.
Crucial Indianapolis Real Estate Data Statistics
To have a high return on investment, you must make the most of a city’s rental demand, manage rental expenses systematically, and use rental income strategically. Indianapolis, hailed as one of America’s best cities for renters, automatically satisfies the first consideration. Here are some noteworthy statistics that underline the city’s positive real estate outlook:
- The median property price is $204,853
- The price to rent ratio is 15
- The price per square foot is $97
- The monthly traditional rental income is $1,135
- The online booking occupancy rate is 50%
- The average days of properties on the market are 89
Take note: these are city-wide figures. The numbers may vary depending on the neighborhood. Some areas perform better with traditional or long-term rentals, while others offer more when it comes to Airbnb or short-term rentals. Regardless of which category your investment falls under, the fact remains that Indianapolis provides sustainable income for both cash-on-cash return rates and rental strategies.
The Advantages of Investing in Indianapolis Real Estate
Investing in real estate in Indianapolis and neighboring towns presents an opportunity to profit from a thriving market. Here’s why:
* It is a buyer’s market.
There are two types of market: a seller’s market and a buyer’s market. In a seller’s market, there’s typically a surplus of properties, which means buyers typically have the upper hand in negotiations. A buyer’s market offers the opposite conditions. Since Indianapolis is a buyer’s market, Indy real estate investors have more power when it comes to their sales and strategy.
* It promotes great home value.
The median home value in Indianapolis is $139,200, indicating a 14.4% growth from the past year. Experts anticipate the figure to grow by at least 2.5% within the following year. These predictions further solidify the profitability of the city’s real estate market.
* It features a high occupancy rate.
Occupancy rate is a key figure in determining rental. Of the top 20 single-family rental markets in the US, Indianapolis has the 4th highest with a 95.6 occupancy rate. Of course, this may vary depending on the population and demographics in the area. It’s why any real estate investors association in the area closely monitors population in the city’s various neighborhoods.
* It boasts a large renter pool.
With a growing tech sector and being one of the top five cities where you can live well on a
$60,000 salary, Indianapolis is a renter hotspot. This makes the city an excellent place to invest in real estate. The area is currently home to approximately 395,000 potential renters, giving way to high rental demand and better rental rates.
* It permits online-booked lodging.
With many cities seeking to ban Airbnb rentals, Indianapolis is keeping the door open. A bill to protect private property rights and help boost Indiana’s tourism was passed in 2018, reinforcing Indianapolis’s landlord-friendly reputation. It’s a promising development for landlords and real estate investors alike.
Interesting Indy Real Estate Trivia
What’s great for the tenant is also often great for the landlord and real estate investor. Here are some tidbits of information that will make you consider investing in Indianapolis at once:
- It is at the top of the Midwest when it comes to the lowest unemployment rate.
- It was ranked 5th in the top US cities for tech jobs in 2017 by Forbes.
- It was hailed the 9th in the nation for “Best Small Business Cities in America.”
- It was ranked as the best city for renters in 2017 by Forbes.
- It is one of the few states wherein renters can deduct rent paid.
Invest in Indianapolis with Help from Central Indiana Real Estate Investors Association
With all these advantages, Indianapolis should be high on every real estate investor’s target for 2019 and 2020. To facilitate an easy entry into the market, join our trusted local real estate investment group. We help our members thrive and reach the gold standard in our industry. We offer seminars and meetings for both real estate vendors and investors. Join us for:
- Monthly Meetings
- Educational Classes and Seminars
- Networking Opportunities
- Property Marketing
- And more
Our memberships are open to landlords, property managers, rehabbers, Realtors, flippers and just about anyone who’s looking to profit in real estate. Don’t miss the chance to be part of Central Indiana’s premier real estate association! Join us now by clicking on this link.