Cities with the fastest growing home prices in Indianapolis metro area

Written by:
November 23, 2022
Arina P Habich // Shutterstock

Cities with the fastest growing home prices in Indianapolis metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Indianapolis-Carmel-Anderson, IN metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. Data was available for 81 cities and towns in Indianapolis.

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#30. Lawrence, Lawrence

- 1-year price change: +$40,684 (+18.4%)
- 5-year price change: +$110,983 (+73.8%)
- Typical home value: $261,345 (#38 most expensive city in metro)
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#29. Mooresville, Mooresville

- 1-year price change: +$40,685 (+16.2%)
- 5-year price change: +$112,601 (+62.9%)
- Typical home value: $291,743 (#23 most expensive city in metro)
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#28. Danville, Danville

- 1-year price change: +$40,811 (+15.7%)
- 5-year price change: +$121,687 (+68.2%)
- Typical home value: $300,131 (#22 most expensive city in metro)
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#27. Greenfield, Greenfield

- 1-year price change: +$41,526 (+19.5%)
- 5-year price change: +$106,108 (+71.3%)
- Typical home value: $254,936 (#42 most expensive city in metro)
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#26. Franklin, Franklin

- 1-year price change: +$41,684 (+19.0%)
- 5-year price change: +$115,905 (+79.6%)
- Typical home value: $261,601 (#36 most expensive city in metro)

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#25. Plainfield, Plainfield

- 1-year price change: +$42,071 (+15.7%)
- 5-year price change: +$123,456 (+66.0%)
- Typical home value: $310,386 (#18 most expensive city in metro)
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#24. Fortville, Fortville

- 1-year price change: +$42,995 (+18.2%)
- 5-year price change: +$116,875 (+71.8%)
- Typical home value: $279,668 (#28 most expensive city in metro)
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#23. Lebanon, Lebanon

- 1-year price change: +$44,323 (+21.8%)
- 5-year price change: +$100,118 (+67.7%)
- Typical home value: $248,002 (#46 most expensive city in metro)
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#22. Jamestown, Jamestown

- 1-year price change: +$44,359 (+19.4%)
- 5-year price change: +$105,940 (+63.2%)
- Typical home value: $273,594 (#32 most expensive city in metro)
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#21. North Salem, North Salem

- 1-year price change: +$44,575 (+16.9%)
- 5-year price change: +$130,464 (+73.4%)
- Typical home value: $308,127 (#19 most expensive city in metro)

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#20. Wilkinson, Wilkinson

- 1-year price change: +$44,599 (+21.1%)
- 5-year price change: +$102,036 (+66.2%)
- Typical home value: $256,276 (#40 most expensive city in metro)
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#19. Cicero, Cicero

- 1-year price change: +$45,065 (+14.7%)
- 5-year price change: +$135,243 (+62.8%)
- Typical home value: $350,758 (#11 most expensive city in metro)
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#18. Cumberland, Cumberland

- 1-year price change: +$45,192 (+18.6%)
- 5-year price change: +$120,851 (+72.2%)
- Typical home value: $288,164 (#24 most expensive city in metro)
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#17. Lizton, Lizton

- 1-year price change: +$46,077 (+16.2%)
- 5-year price change: +$137,142 (+71.0%)
- Typical home value: $330,283 (#16 most expensive city in metro)
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#16. Greenwood, Greenwood

- 1-year price change: +$48,389 (+17.6%)
- 5-year price change: +$134,148 (+70.9%)
- Typical home value: $323,374 (#17 most expensive city in metro)

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#15. Trafalgar, Trafalgar

- 1-year price change: +$48,716 (+16.3%)
- 5-year price change: +$141,005 (+68.1%)
- Typical home value: $348,078 (#12 most expensive city in metro)
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#14. New Palestine, New Palestine

- 1-year price change: +$49,856 (+16.0%)
- 5-year price change: +$134,512 (+59.3%)
- Typical home value: $361,380 (#7 most expensive city in metro)
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#13. Brownsburg, Brownsburg

- 1-year price change: +$49,900 (+17.5%)
- 5-year price change: +$135,883 (+68.4%)
- Typical home value: $334,599 (#15 most expensive city in metro)
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#12. Noblesville, Noblesville

- 1-year price change: +$49,934 (+16.2%)
- 5-year price change: +$140,331 (+64.3%)
- Typical home value: $358,430 (#8 most expensive city in metro)
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#11. Avon, Avon

- 1-year price change: +$50,583 (+17.3%)
- 5-year price change: +$136,520 (+65.9%)
- Typical home value: $343,559 (#13 most expensive city in metro)

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#10. Pendleton, Pendleton

- 1-year price change: +$51,205 (+20.2%)
- 5-year price change: +$133,412 (+77.8%)
- Typical home value: $304,937 (#21 most expensive city in metro)
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#9. Pittsboro, Pittsboro

- 1-year price change: +$51,873 (+17.2%)
- 5-year price change: +$137,665 (+63.7%)
- Typical home value: $353,682 (#10 most expensive city in metro)
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#8. Needham, Needham

- 1-year price change: +$51,901 (+18.0%)
- 5-year price change: +$136,387 (+67.0%)
- Typical home value: $340,064 (#14 most expensive city in metro)
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#7. Fishers, Fishers

- 1-year price change: +$54,401 (+15.2%)
- 5-year price change: +$148,128 (+56.0%)
- Typical home value: $412,494 (#4 most expensive city in metro)
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#6. McCordsville, McCordsville

- 1-year price change: +$55,294 (+18.3%)
- 5-year price change: +$138,805 (+63.7%)
- Typical home value: $356,686 (#9 most expensive city in metro)

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#5. Westfield, Westfield

- 1-year price change: +$60,741 (+16.3%)
- 5-year price change: +$157,033 (+56.6%)
- Typical home value: $434,366 (#3 most expensive city in metro)
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#4. Bargersville, Bargersville

- 1-year price change: +$61,797 (+17.9%)
- 5-year price change: +$165,994 (+68.9%)
- Typical home value: $407,012 (#5 most expensive city in metro)
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#3. Whitestown, Whitestown

- 1-year price change: +$69,178 (+22.9%)
- 5-year price change: +$151,452 (+69.1%)
- Typical home value: $370,746 (#6 most expensive city in metro)
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#2. Carmel, Carmel

- 1-year price change: +$72,959 (+16.1%)
- 5-year price change: +$180,106 (+52.2%)
- Typical home value: $525,174 (#2 most expensive city in metro)
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#1. Zionsville, Zionsville

- 1-year price change: +$104,043 (+21.1%)
- 5-year price change: +$195,162 (+48.7%)
- Typical home value: $596,175 (#1 most expensive city in metro)

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