The Indianapolis Market
● Indianapolis is the country’s 13th largest city, the third largest midwest city, and part of the 33rd largest Metropolitan Statistical Area with nearly 1.7 million residents.
● Indianapolis has a healthy and growing economy and has diversified itself sufficiently enough to avoid much of the turmoil that has plagued other industrial-based midwestern economies.
○ The primary industries include manufacturing, distribution, insurance, financial operations and agriculture.
○ Indianapolis is home to pharmaceutical juggernaut Eli Lilly, as well as Allied Gas, and Allison Transmissions.
○ Indianapolis is a distribution hub for the Midwest and Amazon.com is building a distribution center right outside of the city.
○ Indianapolis’ population is projected to grow by 19% by 2020
What Are People Saying About Indy?
● Indianapolis was ranked in the Wall Street Journal as one of the top three best markets in the country to invest in real estate
● Indianapolis was recently ranked by Forbes.com in the top cities in America for “The Best Bang For The Buck Cities” and ranked number one in median house price/median household income.
● Indy was recently ranked number one by BusinessWeek.com for the most affordable housing market in the United States
● CNNMoney.com recently ranked Indianapolis as the most affordable U.S. housing market
● Indianapolis has one of the highest monthly rent to price ratios in the nation (approximately 1% vs. a national average of 0.4%).
● Indianapolis real estate has lower depreciation risk due to the following:
○ Indianapolis’ housing market did not experience the same boom that some cities did during the first half of the decade and Indy had a peak annual appreciation of less than 5% in 2005. This means the city has been pretty stable and predictable.
○ The ratio of median income to median home price is an extremely high 0.37
○ Homes are currently selling for less than their replacement costs.
○ The PMI risk index ranks Indianapolis as the fifth least likely metropolitan area to depreciate in the next two years.
Please Also Visit the Links Shown Below:
1. http://www.developindy.com
2. http://visitindy.com/indianapolis-media-story-ideas
Attractions
Click here to see the local attractions.
