City Guide
Indianapolis, IN
Overview
Indianapolis, IN, is known for hosting the Indy 500. There are around 890,000 residents living in Indianapolis, making it the largest city in Indiana. One fun fact about the city is that a popular bar named The Slippery Noodle Inn was a stop on the Underground Railroad. Another fun fact is that Indianapolis is home to the world's largest children's museum.
What’s it like to live in Indianapolis, IN ?
If you're looking to buy a home for sale in Indianapolis, IN you'll find that the median sale price is
$235,000
and homes stay on the market for 49 days. You'll find that the median sale prices of
a single family home and a condo/co-op in Indianapolis are $246,500
and $177,000
, respectively. Indianapolis area townhouses have a median sale price of $203,700
, making them less expensive
than single family homes. If you’re not ready to buy a home, consider one of the many apartments for rent in Indianapolis, INExplore our Indianapolis housing market page for insights about how home values have changed over
the years and how Indianapolis home prices compare to other markets. Explore our Indianapolis rental market trends page for insights about how rental prices have changed and how Indianapolis rental prices compare to other rental markets. If you're curious about the most valuable home features in Indianapolis, or looking for a new home improvement project,
discover what home features and design trends may help increase your home's value.
Popular neighborhoods in and around Indianapolis
| Neighborhood | Median Sale Price | Compete Score | Walk Score | Real Estate |
|---|---|---|---|---|
| Downtown Indianapolis | $350,000 | 41 / 100 | 77 / 100 | For SaleFor Rent |
| Fountain Square | $310,000 | 29 / 100 | 73 / 100 | For SaleFor Rent |
| Broad Ripple | $345,000 | 66 / 100 | 70 / 100 | For SaleFor Rent |
| Meridian Kessler | $404,000 | 66 / 100 | 60 / 100 | For SaleFor Rent |
| Irvington | $222,530 | 68 / 100 | 48 / 100 | For SaleFor Rent |
Indianapolis Articles & Neighborhood Content
Read more on the Redfin blog
Popular homes for sale in Indianapolis
See all homes for sale
Rental listings in Indianapolis
See how much rent you can affordSee all rental listings
What is the cost of living in Indianapolis?
The cost of living in Indianapolis is 11% lower than the national average. Housing is typically the largest expense for most American households. In Indianapolis, the average monthly rent is $1,336, while the median home price is $248,400. Overall, housing in Indianapolis is 42% lower than the national average. Groceries, like produce, dry goods, and other essential household items, cost 2% lower in Indianapolis. Though healthcare costs 13% lower in Indianapolis compared to the national average, costs vary greatly by location, person, personal health, and health insurance. In Indianapolis, an optometry check-up costs around $77.80, while a dentist appointment is $105.53 on average. Learn more about the cost of living in Indianapolis. Discover how utilities, transportation, and lifestyle, compares against the national average.
Compared to the national average
11%
Cost of living
42%
Home prices
Cost of living calculator
Compare cities across the U.S.
Indianapolis Migration & Relocation Trends
In Jan '25 - Mar '25, 28% of Indianapolis homebuyers searched to move out of Indianapolis, while 72% looked to stay within the metropolitan area.
- Across the nation, 0.53% of homebuyers searched to move into Indianapolis from outside metros.
- Los Angeles homebuyers searched to move into Indianapolis more than any other metro followed by Lafayette and Washington.
Where are people moving to Indianapolis from?
- 72% of Indianapolis homebuyers searched to stay within the Indianapolis metropolitan area.
- Chicago was the most popular destination among Indianapolis homebuyers followed by Louisville and South Bend.
Where are people from Indianapolis moving to?
Number of People Moving to Indianapolis
least
most
People are moving to Indianapolis from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jan '25 - Mar '25 | ||
| 1 | 559 | ||
| 2 | 425 | ||
| 3 | 320 | ||
| 4 | 221 | ||
| 5 | 195 | ||
| 6 | 179 | ||
| 7 | 118 | ||
| 8 | 78 | ||
| 9 | 54 | ||
| 10 | 46 | ||
People are leaving Indianapolis for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jan '25 - Mar '25 | ||
| 1 | 270 | ||
| 2 | 177 | ||
| 3 | 169 | ||
| 4 | 94 | ||
| 5 | 94 | ||
| 6 | 92 | ||
| 7 | 74 | ||
| 8 | 66 | ||
| 9 | 59 | ||
| 10 | 54 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
What is there to do in Indianapolis, IN ?
There are lots of wonderful activities to do in Indianapolis, IN, from enjoying local art, dining at some of the best restaurants in town, or spending time at a park or museum. Some of the 101 museums you can visit include The Children's Museum of Indianapolis, Indianapolis Museum of Art, and Indianapolis Motor Speedway Hall of Fame Museum, which are popular amongst locals and tourists alike. There's a rich arts and culture scene, with performing arts venues like Clowes Memorial Hall and Hilbert Circle Theatre where you can check out a show. You can find many parks and green spaces in Indianapolis, like White River State Park, Eagle Creek Park, and Holliday Park. For a taste of Indianapolis's cuisine, there are a couple of local eateries you don't want to skip. Stop for a meal at Ma Ma's Korean Restaurant, Saigon Restaurant, and Mama Carolla's Old Italian Restaurant, just three of the many great restaurants the city has to offer.
Explore some of the best things to do in Indianapolis
What's the best way to get around Indianapolis, IN ?
The best way to get around Indianapolis is by car, but there are many methods for getting around the city. If you’re exploring the city by foot, Indianapolis has a walk score of 31, meaning this area is car dependent. Another way to get around the city is by public transportation. Indianapolis has a transit score of 25, and almost all errands require a car. Most bus stations and rail stations are located in 46225, 46227 and 46202. You can also get around Indianapolis by bike. With a bike score of 43, there is a minimal amount of infrastructure for biking.
Car-Dependent
Walk Score®
Minimal Transit
Transit Score®
Somewhat Bikeable
Bike Score®
Indianapolis Transportation
Bus Station
Buses can be found throughout the city and are easily accessible to commute in the city.
Rail Station
Indianapolis has 4 heavy rail stations; Union Station, Amtrak, Iu Health Methodist People Mover, Louisville & Indiana Railroad. This allows you to use heavy rail to commute in and out of the city from the surrounding area and even travel to other cities.
Tram Station
Our data indicates this city does not have this transportation type.
Metro Station
Our data indicates this city does not have this transportation type.
Car & Bike Rentals
Renting a car is another good way to get around the city. There are 71 car rental locations.
Airports
Indianapolis has 6 airports, 1 of which is an international airport.
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