Indianapolis, IN - House Price Index (HPI) - 31 Year Chart
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Indianapolis Real Estate Market & Home Price Forecast
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The House Price Index (HPI) shows changes in Indianapolis-Carmel, IN single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28, 2012.
See real estate forecasts, analysis, statistics and appreciation rates below.
Indianapolis Real Estate Market: Trend, Analysis & Statistics
1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010
Commentary 13268
4th Quarter, 2012 Housing Statistics: Indianapolis, Indiana
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 88%
Forecast-Chart.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Indianapolis housing market for the 12
months ending with the 4th Quarter of 2013 is UP. The Accuracy of the Trend
Forecast for Indianapolis is 88%. In other words, when tested against historical
data, the forecasting methodology was correct 88% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Indianapolis is 88% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 4th Quarter of 2013 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Indianapolis Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 90%
The forecast for the trend in the Indianapolis housing market for the 3 years
ending with the 4th Quarter of 2015 is UP. The Accuracy of the Trend Forecast
for Indianapolis is 90%. In other words, when tested against historical data, the
forecasting methodology was correct 90% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Indianapolis is 90% during this period. If this Housing Market Forecast is
correct, home values will be higher in the 4th Quarter of 2015 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Indianapolis Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Indianapolis, Indiana
Historical Home Price Appreciation
Last Quarter 0.18%
Last Year 0.3%
Last 5 Years -4%
Last 10 Years 5%
Last 20 Years 51%
Decline From All Time High 4.53%
Annual Home Price Appreciation Rates
1983 3.95%
1984 5.10%
1985 4.16%
1986 5.31%
1987 7.65%
1988 5.00%
1989 4.22%
1990 3.41%
1991 4.65%
1992 3.56%
1993 3.20%
1994 2.39%
1995 6.03%
1996 3.22%
1997 4.18%
1998 3.86%
1999 2.41%
2000 3.96%
2001 4.80%
2002 3.00%
2003 2.13%
2004 2.58%
2005 3.31%
2006 0.47%
2007 0.56%
2008 -1.89%
2009 -0.93%
2010 -0.44%
2011 -0.98%
2012 0.32%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.18% Rank: 231 of 381 (39th Percentile)
Last Year . . . . . . . . . . . . . . . . 0.3% Rank: 186 of 381 (51st Percentile)
Last 5 Years -4% Rank: 123 of 381 (67th Percentile)
Last 10 Years . . . . . . . . . . . . 5% Rank: 301 of 381 (21st Percentile)
Last 20 Years 51% Rank: 307 of 368 (16th Percentile)
Decline From All Time High 4.53%
Home Price appreciation rates for Indianapolis-Carmel, IN are shown above for
five time periods. For example: Indianapolis appreciated 0.18% in the Last
Quarter. At that rate, the Indianapolis Real Estate Market was ranked 231st out
of 381 metropolitan areas for Real Estate Appreciation. Indianapolis was in the
39th percentile. So Indianapolis, IN performed better in the Last Quarter than
39% of the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Indianapolis, Indiana
The data and analysis on this page pertains to Indianapolis-Carmel, IN,
hereinafter referred to as "Indianapolis". The all time high in the Indianapolis
Home Price Index was 148.4 in the 1st Quarter, of 2008. The 4th Quarter, 2012
index value was 141.7. That's a decline of 6.72 points or 4.53% below the
Indianapolis Home Price Index all time high. The Home Price Index indicates
that the Indianapolis Market is up 5% over the last 10 years. Home prices in the
Indianapolis Real Estate Market have gained 0.32% over the last 12 months.
Over the last thirty years, it is up 139%.
The 4th Quarter index value was 0.26 points higher than the 3rd Quarter, 2012
index value of 141.43, resulting in a 0.18% rise in the 4th Quarter for the
Indianapolis Market.
The Indianapolis Home Price Index has increased for the last 3 consecutive
quarters. The current record holder for consecutive increases in the Home
Price Index is Bismarck, ND, with increases in the last 11 consecutive quarters.
The current record holder for consecutive declines in the Home Price Index is
Tallahassee, FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Indianapolis Real Estate
Market was 18% in the twelve months ended with the 3rd Quarter of 1978. The
worst annual home appreciation rate in the Indianapolis Market was -6% in the
twelve months ended with the 4th Quarter of 1982.
The highest home appreciation in the Indianapolis Real Estate Market over a
three year period was 43% in the three years ended with the 3rd Quarter of
1980. The worst home appreciation over a three year period in the Indianapolis
Market was -6% in the three years ended with the 1st Quarter of 2011.
This page provides a long term graph of the Indianapolis Home Price Index
(above). For information about Indiana home values, look at the links under that
chart. One link opens a forecast for home appreciation rates in the state of
Indiana. Another link opens the home price index chart for Indiana. Just one
glance at Forecast-Chart.com's long term charts can provide tremendous
insight into the historical trends of residential property values. Bookmark this
page! Then Forecast-Chart.com's detailed research and statistics about
Indianapolis Home Prices will be at your fingertips when you need them.
Historical data on the Indianapolis Home Price Index is available back to the 2nd
Quarter, of 1977. All calculations are based on the quarterly value of the House
Price Index for the Indianapolis Market. The terms House Price Index and Home
Price Index, as used in this site, refer to the Federal Housing Finance Agency
(FHFA) House Price Index.
Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Indianapolis Real Estate Market and
hundreds of other cities. As a result, Home Price data is not available for a
number of months after the end of each quarter.
Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2012 Housing Data: Indianapolis, Indiana
The appreciation of Indianapolis Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Indianapolis-Carmel, IN, hereinafter referred to as "Indianapolis".
Last Quarter:
During the 4th Quarter of 2012, Indianapolis Home Prices had a rank of 231,
with appreciation of 0.18%. The top performing real estate market during the
4th Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market
during that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Indianapolis Home Prices had a rank of 186, with
appreciation during the year of 0.32%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Indianapolis Home Prices
ranked 123, with a total appreciation of -3.9%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Indianapolis Home
Prices had a rank of 301, with appreciation during the decade of 5%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Indianapolis Home
Prices had a rank of 307, with total appreciation over the 20 year period of
51%. The top performing real estate market during the period was Casper, WY,
with appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Indianapolis Real
Estate Market is available back to the 2nd Quarter, of 1977. All calculations are
based on the quarterly value of the House Price Index for Indianapolis. Real
estate appreciation figures represent total appreciation over each time period.
(Unless specifically stated, the appreciation figures do not represent annual or
quarterly rates of appreciation.)
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