Indy a Top 5 Housing Market for 2022
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New analysis from real estate listings website Realtor.com shows the Indianapolis real estate market is in for a “whirlwind” year for homebuyers and sellers this year. The website ranks the Indy-Carmel-Anderson metropolitan area fourth in its Top 10 Housing Markets Positioned for Growth in 2022 list.
Ranking is based on the combined yearly percentage growth in both home sales and prices expected in 2022 among the top 100 largest markets in the country.
The realty site says the Mountain West and Midwest top the list this year. The markets are home to healthy local economies that have low unemployment rates. They’ve also seen substantial job growth and this advantage is expected to continue into the next year.
The site explains what makes the Indy housing market attractive:
“Like many of the cities on Realtor.com®’s 2022 ranking, No. 4 market Indianapolis has a small town feel despite being the 15th largest U.S. city. The market has an 8% lower cost of living than the national average, including low taxes, as well as the ability to get pretty much anywhere in the entire city within about an hour. It is also home to the top-rated Indianapolis Colts and annual big-draw sporting events like the Indianapolis 500 and the NCAA tournaments, and multiple universities like Indiana-Purdue and Butler. With relatively spacious homes and affordable prices, Indianapolis is drawing in buyers who are finding a good sense of community in areas like Carmel, Zionsville and Noblesville, as well as property investors.“
According to Realtor.com, on average, markets in its top-ten have a slightly higher share of Science, Technology, Engineering, and Mathematics (STEM) jobs. Its findings also show a growing number of the tech workers are looking for remote work.
Click here to view the full report.