There are many reasons why people, businesses, and real estate investors keep coming to Indianapolis. Home prices are still affordable, the cost of living is low, and Indianapolis is known for being a city of makers and agents of change. As if that weren't enough, the state of Indiana could soon start offering incentives for people to live here, with Indianapolis being the first on the list. The report says that, although Indiana is one of the most affordable places to live, there are few options.
The coronavirus pandemic has made the problem even worse. Disparity is what most affects low-income communities, people with disabilities and older people. INDIANAPOLIS The booming real estate market we've been experiencing is cooling down. Indiana home sales fell 12% compared to last summer, according to the Indianapolis Metropolitan Board of Realtors.
The Indianapolis real estate market is one of the main real estate markets that attracts investors from other states. Households occupied by tenants in Indianapolis account for less than half of the occupied housing units, which means that there is still a lot of potential growth for rental real estate in Indianapolis. As a recent report by HousingWire points out, remote real estate investors are placing Indianapolis at the top of their list of markets where property remains affordable and potential returns are higher. Experienced real estate investors in Indianapolis also research housing affordability to help forecast current and future demand for rental real estate.
