Indianapolis-Carmel-Anderson Housing Market

$286,468

1.2% 1-yr

The average Indianapolis-Carmel-Anderson home value is $286,468, up 1.2% over the past year, and homes go to pending in around 38 days. (Updated on 2/28/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Indianapolis-Carmel-Anderson Key Takeaways

Typical Home Values: $286,468

1-Year Value Change: +1.2%

(Data through February 28, 2026)

Indianapolis-Carmel-Anderson Housing Market Overview

1-Year Market Forecast: 1.3% (February 28, 2026)

For Sale Inventory: 6,448 (February 28, 2026)

New Listings: 1,614 (February 28, 2026)

Median Sale to List Ratio: 0.984 (January 31, 2026)

Median Sale Price: $276,667 (January 31, 2026)

Median List Price: $294,967 (February 28, 2026)

Percent of Sales Over List Price: 14.4% (January 31, 2026)

Percent of Sales Under List Price: 63.7% (January 31, 2026)

Median Days to Pending: 38 (February 28, 2026)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Brooklyn

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent

Get pre-qualified for a loan

At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.

Start Now

An equal housing lender. NMLS #10287.

Indianapolis-Carmel-Anderson Rental Market Trends

Average Rent: $1,486 (February 28, 2026)

National Average Rent: $1,895 (February 28, 2026)

Month-Over-Month Change: 0.1% (February 28, 2026)

Year-Over-Year Change: 2.6% (February 28, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.