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A Guide to the Indianapolis Real Estate Investing Market

System - Tuesday, July 27, 2021
Property Management Blog

The real estate market is reaching record highs and nowhere is that more clear than in...Indiana. Potential homebuyers and real estate investors are flocking to the Hoosier State to either plant roots or to stack their real estate portfolio. 

Housing prices are up nearly 10 percent in just one year in Indiana and its capital city, Indianapolis. 

Here is your brief, but complete guide on everything you need to know about real estate investing in Indianapolis. 

Why Is Indianapolis, Indiana So Popular Right Now?

Indianapolis, Indiana is super popular for people looking to move out of cities like New York, Chicago, and Los Angeles. Indiana is in the top 10 list of states where people are moving, according to U-Haul. 

This is a no-brainer, thanks to its low cost of living, growing job market, and affordable single-family homes. 

Where are the Hot Locations To Invest?

Indianapolis is a great place to make a real estate investment, but not all neighborhoods are created equal. Before you drop any down payment on a property, you want to make sure it is in the best neighborhood. 

There are three areas where you cannot go wrong when it comes to real estate investing for the foreseeable future. In addition to the Indianapolis metro area, the three best areas to invest in are Carmel, Fishers, and Zionsville. 

What is the Average Price of a Home in Indianapolis?

There is a reason so many people are rushing to make real estate investments in Indianapolis. The prices are some of the best in the country for being inside such a popular city.

The average home price in this city is roughly $210,000. That is an absolute steal compared to other housing markets in popular states like Texas or Florida. 

What Are the Benefits of Hiring a Property Manager in Indianapolis? 

If you are thinking about making a property investment in Indianapolis, you need to consider also hiring a property manager to help you take proper care of your investment. 

A property manager can help to maintain your property's exterior and make sure the interior is cleaned if you do not live in the area.

A good property management company can also take care of all your marketing needs to ensure you always have tenants. This can prevent you from losing money on your property. 

Looking to Learn More about Indiana Real Estate Investing?

This past year has seen real estate investment opportunities like never before, with record low-interest rates and a housing market frenzy brought on by COVID-19. There has never been a better time to grow your real estate investment portfolio than right now. 

If you are interested in learning more about real estate investing in Indianapolis, then reach out to the real estate professionals at Home River Group.

Our experienced team of property managers can help guide you through the real estate process so you can maximize the profits of your Indianapolis property.