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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 101,966 people, 35,747 houses or apartments, and a median cost of homes of $419,485, 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 76.73% of the city's housing units. Other types of housing that are prevalent in Fishers include large apartment complexes or high rise apartments ( 14.56%), row houses and other attached homes ( 6.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.94%).

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 76.96% of Fishers's homes, and 63.82% 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. 57.87% of Fishers's housing was built since 2000, making the city 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 ( 40.11%), and between 1940-1969 ( 1.42%).

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 86.89%, which ranks in the top 50% nationwide. This equates to an annual average Fishers house appreciation rate of 6.45%.

Over the last year, Fishers appreciation rates have trailed the rest of the nation. In the last twelve months, Fishers's appreciation rate has been 4.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fishers were at -0.53%, which equates to an annual appreciation rate of -2.11%.

Relative to Indiana, our data show that Fishers's latest annual appreciation rate is lower than 90% 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 city. 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

$419,485

Fishers, IN Home Prices
> $1,306,000
$979,001 - $1,306,000
$653,001 - $979,000
$522,001 - $653,000
$392,001 - $522,000
$261,001 - $392,000
$131,001 - $261,000
$65,001 - $131,000
$0 - $65,000
1.4%
1.4%
2.7%
2.7%
12.7%
12.7%
17.0%
17.0%
24.0%
24.0%
32.9%
32.9%
8.0%
8.0%
0.2%
0.2%
1.1%
1.1%
0% 100.0%
% of Homes
Very High

for Indiana

High

for nation

Number of Homes And Apartments:

35,747

Fishers Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,815 / per month

Homeownership Rate

Owners
Renters
77.0%
77.0%
23.0%
23.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.0%
4.0%
96.0%
96.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
57.9%
57.9%
40.1%
40.1%
1.4%
1.4%
0.6%
0.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.7%
76.7%
6.7%
6.7%
1.9%
1.9%
14.6%
14.6%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
7.7%
7.7%
15.5%
15.5%
29.9%
29.9%
33.9%
33.9%
12.3%
12.3%
0% 100.0%
% of Homes