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Sky High Yields in the Racing Capital

AKA: Indy, Racing Capital of the World, Crossroads of America

Population: 1,988,817 • Average days on market: 27 • Average gross yield: 12.1%

# of Building Permits in 2015: 8,735 • Employment Growth to Building Permits Ratio in 2015: 6.3%

 

Drivers: The city ranked #21 on the Forbes Best Places for Business and Careers and #43 on the U.S. News & World Report Best Places to Live. It has a relatively low cost of living and is seeing substantial job growth.

 

Leading industries: Home to three company headquarters in the Fortune 500, Indianapolis’s economy is sustained mainly by the health care and insurance industries.

 

Notable mentions: Indianapolis is synonymous with the The Indy 500, the world-famous NASCAR race sometimes referred to as “The Greatest Spectacle in Racing.” It’s a major hub for motorsports. Indianapolis also has almost 200 public parks for residents to enjoy fishing, sailing and kayaking.

  • Job Growth
    32,721 new jobs created in 2015
     
  • Population Growth
    16,956 new residents added in 2015
     
  • Vacancy
    4.4%, down from 4.5% in 2015
     

Market Data

 
 
 
 
 
 
All data provided by Census, Bureau of Labor Statistics, RentRange®, U.S. News & World Report, Fortune, Wikipedia, Forbes. Market Data based on 3bd SFR

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