Fishers, Indiana Housing Market Prices
Fishers Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 99% above the Indiana median$283,936
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Median rent 52% above the Indiana median$1,609
Housing Market Overview
| Metric | Fishers | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $283,936 | $142,738 | $248,835 |
| Price Trend (Annual %) | 17.8% | 7.2% | 7.5% |
| Median Gross Rent | $1,609 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fishers is about 99% higher than in Indiana. Rent is about 52% higher than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Fishers, up about 17.8% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Fishers rose about 46.3% between 2015 and 2024, from $1,100 to $1,609. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Fishers.
Buying the median-priced home in Fishers costs roughly 14.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fishers. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Fishers | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $283,936 | $142,738 | $248,835 |
| Median Household Income | $127,799 | $71,967 | $80,455 |
| Price-to-Income Ratio | 2.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fishers rose about 54.1%, while median household income rose about 45.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Fishers | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.5% | 64.4% | 58.5% |
| Rental Rate | 24.5% | 26.9% | 31.2% |
| Vacancy Rate | 4.0% | 8.8% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Fishers has a homeownership rate of 71.5%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 4.0%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Fishers | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.70 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 2001 | 1975 | 1978 |
| Median Number of Rooms | 7.1 | 5.9 | 5.5 |
The typical housing unit in Fishers was built around 2001. On average, 2.7 people live in a home with about 7.1 rooms, staying for about 11.0 years on average.
Fishers, IN Housing Compared With Nearby Cities
How Fishers, IN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fishers, IN | 84,547 | $283,936 #2/2 | $1,609 #1/2 | 74.5% #1/2 |
| Noblesville, IN | 54,784 | $394,788 | $1,359 | 72.4% |
Frequently Asked Questions
Common questions about the housing market in Fishers, Indiana.
What is the median home price in Fishers, Indiana?
The median home price in Fishers, Indiana is $283,936, higher than the Indiana average of $142,738.
What is the average home price in Fishers, Indiana?
The typical home price in Fishers, Indiana, reported as the median sale price, is $283,936. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Fishers, Indiana?
The median gross rent in Fishers, Indiana is $1,609 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Fishers in 2020?
In 2020, the median gross rent in Fishers, Indiana was $1,245 per month.
What is the price-to-rent ratio in Fishers, Indiana?
The price-to-rent ratio in Fishers, Indiana is about 14.7, meaning it would take roughly 14.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fishers.
Are home prices or rent rising faster in Fishers, Indiana?
Both home prices and rent are rising in Fishers, up about 17.8% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fishers, Indiana?
71.5% of households in Fishers, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Fishers, Indiana?
The housing vacancy rate in Fishers, Indiana is 4.0%, lower than the Indiana average of 8.8%.
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