Indianapolis, IN Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,392
Monthly Cash Flow
-$106
Principal + Equity
$1,783
Annual Total Gain
$20,124
Cash on Cash
-2.21%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Cities in America
#55out of 229 markets
Best Cities to Buy a House in America
#32out of 229 markets
Cities with the Lowest Cost of Living in America
#47out of 229 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Indianapolis, IN.
Indianapolis, IN has specific regulations in place for Short Term Rentals (STRs) that investors should be aware of before purchasing a property for this purpose.
1. Zoning regulations: Indianapolis has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Licensing requirements: In order to operate a STR in Indianapolis, investors must obtain a Short Term Rental Permit from the city. This permit must be renewed annually and there are specific requirements that must be met in order to obtain and maintain the permit.
3. Occupancy limits: Indianapolis has occupancy limits for STRs that investors must adhere to. These limits vary depending on the size of the property and the number of bedrooms it has.
4. Safety regulations: Investors must ensure that their STR property meets all safety regulations set forth by the city of Indianapolis. This includes having working smoke detectors, carbon monoxide detectors, and fire extinguishers in the property.
5. Taxation: Investors should be aware that they are required to collect and remit both state and local taxes on their STR rental income. Failure to do so can result in penalties and fines.
6. Noise regulations: Indianapolis has noise regulations in place that investors must adhere to. Excessive noise can result in complaints from neighbors and potential fines from the city.
7. Insurance requirements: Investors should ensure that they have the appropriate insurance coverage for their STR property. This may include liability insurance, property insurance, and coverage for short term rentals.
Overall, investors should thoroughly research and understand the regulations and requirements for operating a Short Term Rental in Indianapolis before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and potentially the loss of the ability to operate the STR.
Market Trends Over Time
Explore 25 years of market data for Indianapolis, IN, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Indianapolis, IN.
The LTR Genie Score of Indianapolis, IN is 78 and STR Genie Score is 66, indicating a high and moderate rating respectively. The high LTR Genie Score can be attributed to the high LTR Rentability and LTR Net ROI, showcasing a strong potential for long-term rental investment in the market. On the other hand, the moderate STR Genie Score is influenced by the lower STR Net ROI and STR Occupancy rate.
Indianapolis, IN is known for its diverse economy, strong job market, and affordable housing market, making it an attractive location for real estate investors. With a 1-Year Price Appreciation Forecast of 2.17%, the market shows potential for growth in property values.
Based on the metrics provided, Indianapolis, IN appears to be a more attractive market for long-term rental investment due to the high LTR Genie Score and favorable rent growth rate. However, investors may also consider exploring short-term rental opportunities to diversify their portfolio and potentially capitalize on the market's STR Revenue. Ultimately, a combination of both long-term and short-term rental investments could be beneficial in maximizing returns in Indianapolis, IN.
LTR Genie Score 93
$134,900
🛏 3 Beds🛁 1.0000 Baths🏙 1,289 sqft.🏠 SINGLE FAMILY
