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2017 Market Overview

Indianapolis, Indiana

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Quick Facts

With a metro area of nearly 2 million people, Indianapolis is the 2nd largest city in the Midwest and 14th largest in the U.S. The city has poured billions of dollars into revitalization and now ranks among the best downtowns and most livable cities, according to Forbes.

Major employers include:

  • 3 Fortune 500 Companies (Anthem, Inc, Ely Lilly and Calumet)
  • 7 high-tech “Certified Technology Parks” with tax incentives to start-ups
  • HQ for the NCAA
  • The Indy 500, the largest single day sporting event in the world
  • Major distribution hub including Fed Ex, Celadon Trucking, Amazon, Target
  • Home to 16 universities including Purdue
  • The ONLY U.S. metropolitan area to have specialized employment concentrations in all five bioscience sectors evaluated in the study: agricultural feedstock and chemicals; bioscience-related distribution; drugs and pharmaceuticals; medical devices and equipment; and research, testing, and medical laboratories


All this job and population growth is great for real estate investors, where fully renovated homes can be purchased for $85,000-$120,000 and rent for more than 1.2% of purchase price.

Major Attractions:

  • The Indianapolis Motor Speedway (location of the Indianapolis 500)
  • Indianapolis Colts
  • Indiana Pacers
  • Indianapolis Indians
  • Fountain Square Cultural District
  • Conner Prairie Interactive History Park, Eiteljorg Museum of American Indians & Western Art
  • Indiana State Museum
  • Indianapolis Zoo
  • Mass Ave Arts District
  • NCAA Hall of Champions

Major Employers

In the Media

  • "#1 Best City for Renters" - Forbes
  • "#1 market in the U.S. for Real Estate Investors" - Inman News 2011
  • "#6 The Next Top 10 Cities for Tech Jobs" - Fast Company
  • "#6 Best retirement destination in the U.S." - Forbes
  • "#8 The Best Places For Business And Careers" - Forbes
  • "#8 Top 10 Best Cities to Start a New Career" - TIME Magazine
  • "The Surprising Cities Creating The Most Tech Jobs" - Forbes
  • "#10 Best city for relocation by Yahoo Real Estate" - Urbanophile
  • "#10 U.S. metropolitan areas for GDP growth" - Urbanophile
  • "#10 of Top Cities for New Grads" - CNN