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Indianapolis Investment Market?

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Posted Aug 3 2008, 11:00

Hey everyone,

I saw the 08/22/06 reports that Indianapolis was the most affordable housing market in the US: (http://money.cnn.com/2006/08/22/real_estate/most_affordable_metro_areas/index.htm?postversion=2006082217)

"Indianapolis has retained its status as the most affordable large city in the United States for home buyers and Springfield, Ohio was No. 1 when smaller cities were included in the rankings..."

What does this say for investing there? More affordable housing means fewer people need to rent. On the other hand, a more affordable housing market could continue to draw business and be good over the long term...

I'd really appreciate some thoughts on this city, thanks. :D

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