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Indianapolis, Carmel Metro Area Housing

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As of 2010-2014, median price of a house in Indianapolis, Carmel Area is $139,900, which is higher than the state average of $122,700 and is lower than the national average of $175,700. The median year that a house in Indianapolis, Carmel Area was built is 1977, which is newer than the median year for a house built in the state which is 1972 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 484,053 Owner Occupied Houses in Indianapolis, Carmel Area, #324

Indianapolis, Carmel Area	139,900 USD
Indiana	122,700 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Indianapolis, Carmel Area		-1.13%
Indiana		30.12%
U.S.		46.91%

*The Indianapolis, Carmel Area median house price growth rate is since 2005-2009. The Indiana and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Indianapolis, Carmel Area	Indiana	U.S.
Total Housing Units	826,067, see rank, 100%	2,811,617	132,741,033
Occupied Housing Units	734,934, 88.97%, see rank	88.64%	87.55%
Owner Occupied	484,053, 58.60%, see rank	61.56%	56.34%
Renter Occupied	250,881, 30.37%, see rank	27.07%	31.21%
Vacant Housing Units	91,133, 11.03%, see rank	11.36%	12.45%
For Rent	23,853, 2.89%, see rank	2.40%	2.34%
For Sale Only	10,878, 1.32%, see rank	1.47%	1.20%
Rented or Sold, Not Occupied	9,314, 1.13%, see rank	1.24%	0.92%
For Seasonal, Recreational, or Occasional Use	5,455, 0.66%, see rank	1.64%	3.97%
For Migrant Workers	114, 0.01%, see rank	0.02%	0.03%
Other Vacant	41,519, 5.03%, see rank	4.59%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #376

Indianapolis, Carmel Area	Indiana	U.S.
1977	1972	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Indianapolis, Carmel Area	%	Indiana	U.S.
Owner-Occupied Units	484,053	100%	1,730,954	74,787,460
With a Mortgage	361,017	74.58%, see rank	68.12%	65.58%
Without a Mortgage	123,036	25.42%, see rank	31.88%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Indianapolis, Carmel Area	1,237 USD
Indiana	1,119 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Indianapolis, Carmel Area	%	Indiana	U.S.
$299 or Less	883	0.24%, see rank	0.35%	0.20%
$300 to $499	6,734	1.87%, see rank	3.15%	1.59%
$500 to $699	22,122	6.13%, see rank	9.90%	5.01%
$700 to $999	76,848	21.29%, see rank	26.58%	14.32%
$1,000 to $1,499	137,241	38.02%, see rank	35.46%	27.90%
$1,500 to $1,999	65,020	18.01%, see rank	14.79%	20.35%
$2,000 to $2,999	38,864	10.77%, see rank	7.60%	19.52%
$3,000 or More	13,305	3.69%, see rank	2.17%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Indianapolis, Carmel Area	20.40% of the Total Income
Indiana	20.40% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Indianapolis, Carmel Area	%	Indiana	U.S.
10% or Less	26,232	7.27%, see rank	7.60%	5.86%
10% to 20%	148,283	41.07%, see rank	41.01%	31.95%
20% to 30%	95,928	26.57%, see rank	26.38%	27.64%
30% to 40%	39,682	10.99%, see rank	10.90%	13.74%
40% or More	49,028	13.58%, see rank	13.68%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Indianapolis, Carmel Area	409 USD
Indiana	375 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Indianapolis, Carmel Area	%	Indiana	U.S.
$199 or Less	7,138	5.80%, see rank	8.65%	7.76%
$200 to $299	22,519	18.30%, see rank	22.03%	14.70%
$300 to $499	55,550	45.15%, see rank	44.41%	34.63%
$500 to $699	24,491	19.91%, see rank	17.12%	21.16%
$700 or More	13,338	10.84%, see rank	7.80%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Indianapolis, Carmel Area	11.00% of the Total Income
Indiana	10.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Indianapolis, Carmel Area	%	Indiana	U.S.
10% or Less	55,775	45.33%, see rank	45.90%	40.19%
10% to 20%	38,164	31.02%, see rank	31.56%	31.47%
20% to 30%	13,338	10.84%, see rank	10.56%	12.24%
30% to 40%	5,396	4.39%, see rank	4.39%	5.64%
40% or More	8,778	7.13%, see rank	6.50%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Indianapolis, Carmel Area	Indiana	U.S.
Total Housing Units	826,067, 100%	2,811,617	132,741,033
1-unit, Detached	568,980, 68.88%, see rank	72.70%	61.65%
1-unit, Attached	49,716, 6.02%, see rank	3.65%	5.82%
2 Units	16,635, 2.01%, see rank	2.59%	3.75%
3 or 4 Units	34,201, 4.14%, see rank	3.58%	4.43%
5 to 9 Units	51,476, 6.23%, see rank	4.55%	4.78%
10 or More Units	83,167, 10.07%, see rank	7.83%	13.08%
Mobile Home, Boat, RV, Van, etc.	21,892, 2.65%, see rank	5.11%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Indianapolis, Carmel Area	Indiana	U.S.
Total Housing Units	826,067, 100%	2,811,617	132,741,033
1 Room	11,915, 1.44%, see rank	1.26%	1.95%
2 Rooms	12,258, 1.48%, see rank	1.46%	2.48%
3 Rooms	59,509, 7.20%, see rank	6.64%	9.13%
4 Rooms	113,279, 13.71%, see rank	14.31%	16.60%
5 Rooms	171,126, 20.72%, see rank	21.67%	20.41%
6 Rooms	161,605, 19.56%, see rank	20.12%	18.06%
7 Rooms	106,797, 12.93%, see rank	13.67%	12.27%
8 Rooms	76,124, 9.22%, see rank	9.17%	8.48%
9 Rooms or More	113,454, 13.73%, see rank	11.69%	10.60%
Median Rooms	5.80, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Indianapolis, Carmel Area	Indiana	U.S.
Total Housing Units	826,067, 100%	2,811,617	132,741,033
No Bedroom	13,378, 1.62%, see rank	1.38%	2.17%
1 Bedroom	85,600, 10.36%, see rank	9.26%	11.16%
2 Bedrooms	219,548, 26.58%, see rank	26.57%	26.69%
3 Bedrooms	335,284, 40.59%, see rank	44.05%	39.70%
4 Bedrooms	142,505, 17.25%, see rank	15.33%	16.05%
5 or More Bedrooms	29,752, 3.60%, see rank	3.40%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Indianapolis, Carmel Area	Indiana	U.S.
Total Housing Units	734,934, 100%	2,492,183	116,211,092
Utility Gas	441,041, 60.01%, see rank	61.00%	48.85%
Bottled, Tank, or LP Gas	29,823, 4.06%, see rank	7.17%	4.86%
Electricity	249,104, 33.89%, see rank	27.77%	36.68%
Fuel Oil, Kerosene, etc.	4,832, 0.66%, see rank	0.96%	5.86%
Coal or Coke	63, 0.01%, see rank	0.14%	0.12%
Wood	6,120, 0.83%, see rank	2.21%	2.12%
Solar Energy	74, 0.01%, see rank	0.02%	0.05%
Other Fuel	2,263, 0.31%, see rank	0.46%	0.47%
No Fuel Used	1,614, 0.22%, see rank	0.27%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Indianapolis, Carmel Area	Indiana	U.S.
Occupied Units Paying Rent	240,373, 100%	716,461	39,201,928
$199 or Less	2,643, 1.10%, see rank	1.90%	1.50%
$200 to $299	5,623, 2.34%, see rank	3.46%	3.18%
$300 to $499	15,082, 6.27%, see rank	10.51%	7.37%
$500 to $699	58,614, 24.38%, see rank	27.49%	16.01%
$700 to $999	98,332, 40.91%, see rank	37.65%	29.17%
$1,000 to $1,499	49,046, 20.40%, see rank	15.48%	26.88%
$1,500 to $1,999	7,681, 3.20%, see rank	2.39%	9.79%
$2,000 or More	3,352, 1.39%, see rank	1.13%	6.10%
Median	$800, see rank	$741	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Indianapolis, Carmel Area	Indiana	U.S.
Occupied Housing Units	734,934, 100%	2,492,183	116,211,092
No Vehicles Available	49,383, 6.72%, see rank	6.86%	9.12%
1 Vehicles Available	249,395, 33.93%, see rank	32.87%	33.80%
2 Vehicles Available	297,008, 40.41%, see rank	38.90%	37.48%
3 or More Vehicles Available	139,148, 18.93%, see rank	21.37%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.