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 2020. 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 95,310 people, 32,794 houses or apartments, and a median cost of homes of $279,339, 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 39.46%, which ranks in the top 40% nationwide. This equates to an annual average Fishers house appreciation rate of 3.38%.

Appreciation rates are so strong in Fishers that despite a nationwide downturn in the housing market, Fishers real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fishers appreciation rates continue to be some of the highest in America, at 6.56%, which is higher than appreciation rates in 77.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fishers. Fishers appreciation rates in the latest quarter were at 2.43%, which equates to an annual appreciation rate of 10.08%.

Relative to Indiana, our data show that Fishers's latest annual appreciation rate is higher than 80% 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

 
info

Median Home Value:
$279,339

Fishers, IN HOME PRICES

> $1,203,000
1.5%
1.5%
$903,001 - $1,203,000
1.4%
1.4%
$602,001 - $903,000
6.1%
6.1%
$481,001 - $602,000
8.4%
8.4%
$361,001 - $481,000
19.5%
19.5%
$241,001 - $361,000
34.5%
34.5%
$121,001 - $241,000
27.1%
27.1%
$60,001 - $121,000
0.5%
0.5%
$0 - $60,000
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:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
55.26% 2.12%
7
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,559 / 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

 
info

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