Fishers, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fishers, IN Housing Market Trends

With a population of 95,310, 32,794 total housing units (homes and apartments), and a median house value of $292,443, Fishers real estate is some of the most expensive in Indiana, although Fishers home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Fishers, accounting for 77.30% of the town's housing units. Other types of housing that are prevalent in Fishers include large apartment complexes or high rise apartments ( 16.06%), row houses and other attached homes ( 5.10%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fishers. Owner-occupied housing accounts for 77.69% of Fishers's homes, and 64.05% have either three or four bedrooms, which is average sized relative to America.

Fishers homes and real estate are some of the newest in America. 52.93% of Fishers's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fishers real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.15%), and between 1940-1969 ( 1.22%).

Fishers Home Appreciation Rates

Appreciation rates for homes in Fishers have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.02%, which ranks in the top 40% nationwide. This equates to an annual average Fishers house appreciation rate of 4.07%.

NeighborhoodScout's data show that during the latest twelve months, Fishers's appreciation rate, at 9.06%, has been at or slightly above the national average. In the latest quarter, Fishers's appreciation rate has been 2.09%, which annualizes to a rate of 8.64%.

Relative to Indiana, our data show that Fishers's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Fishers differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fishers - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fishers real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$292,443

Fishers, IN HOME PRICES

> $1,267,000
1.6%
1.6%
$950,001 - $1,267,000
1.4%
1.4%
$633,001 - $950,000
6.1%
6.1%
$507,001 - $633,000
8.4%
8.4%
$380,001 - $507,000
19.5%
19.5%
$253,001 - $380,000
34.5%
34.5%
$126,001 - $253,000
27.1%
27.1%
$63,001 - $126,000
0.5%
0.5%
$0 - $63,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IN

Value Relative To Nation

Number Of Homes And Apartments:
32,794

Fishers Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
63.22% 2.30%
7
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,680 / per month

Homeownership Rate

Owners
77.7%
77.7%
Renters
22.3%
22.3%
Vacant
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
52.9%
52.9%
1970 - 1999
45.1%
45.1%
1940 - 1969
1.2%
1.2%
1939 or Older
0.7%
0.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.3%
77.3%
Townhomes
5.1%
5.1%
Small Apt. Buildings
1.5%
1.5%
Apt. Complexes
16.1%
16.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
8.0%
8.0%
2 Bedrooms
15.1%
15.1%
3 Bedrooms
28.4%
28.4%
4 Bedrooms
35.7%
35.7%
5 or more bedrooms
12.1%
12.1%
0.0% 100.0%
% OF HOMES