Investor · Carmel, IN · Member since 2014 · 332 posts · 245 votes
An interesting article on Indianapolis real estate, specifically downtown (see link below). Interesting data points include.
Downtown occupancy is 94.7 percent. Most apartment complexes are close to full occupancy.
Downtown rental inventory expected to grow by more than 10 percent in each of the next two years.
Downtown rent prices last year grew by 8.2 percent to a record $1.34 per square foot. A typical one-bedroom apartment costs $963 and a two-bedroom, two-bathroom costs $1,480.
Investor · Indianapolis, IN · Member since 2015 · 80 posts · 82 votes
9y
@Matthew Schroeder I was listening, on the radio, to a local government official who noted that Indianapolis had approximately 10K folks move into downtown area - mainly millennials and empty nesters. *** past performance is not an indication of future growth. ***
Turn key provider · San Jose, CA · Member since 2010 · 4k+ posts · 3k+ votes
9y
Indianapolis consistently has strong population and job growth. Much stronger than some of the other popular investment markets. I track these numbers every quarter and will be putting out a summary of Q4 in the next week. I'm happy to share them when they're done.
Investor · Honolulu, HI · Member since 2016 · 362 posts · 93 votes
9y
Interesting to know. Even with rental rates raising as "low" as they did (according to the article), that increase still beats inflation so you'd still be ahead of the general public. Thanks for sharing.