1031 Exchange Indianapolis, Indiana

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Indianapolis due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Indianapolis, Indiana is a part of the Indianapolis-Carmel-Anderson, IN metropolitan area, and contains 56 zip codes, including: 46222, 46206, 46256, 46242, 46227, and 46280.

Indianapolis Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Indianapolis, IN metropolitan area was $867, which is 19.09% lower than 2014 average rent. This represents a compounded annual growth rate of 3.56%. 2019 vacancy in Indianapolis, IN was 5.30%.

The total population of the city of Indianapolis, IN has grown 5.69% since 2010. As of 2018, the population was 867,125. The median household income of the Indianapolis was $46,442, which is 23.00% lower than the national average.

  • metropolitan area Indianapolis-Carmel-Anderson, IN
  • avg rent $867
  • rent growth 19.09%
  • vacancy 5.30%
  • median income $46,442
  • population (2018) 867,125
  • population growth 5.69%
  • vs. nat'l avg 23.00%
  • zip codes 46201 46202 46203 46204 46205 46206 46207 46208 46209 46213 46214 46216 46217 46218 46219 46220 46221 46222 46224 46225 46226 46227 46228 46229 46230 46231 46234 46235 46236 46237 46239 46240 46241 46242 46244 46247 46249 46250 46251 46253 46254 46255 46256 46259 46260 46262 46268 46277 46278 46280 46282 46283 46285 46288 46290 46298

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