The story of this market
The typical home in Hamilton County, Indiana sells for about $489,000, or $198 per square foot.
Prices are roughly flat from a year ago (+1%), a market in balance. Homes take about 35 days to sell. Over the long run, values in this county have grown 98% since 2000. Last year 41 of 56 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is tornado, which FEMA rates relatively high. HUD's fair market rent for a two-bedroom is $1,536 a month.
HUD sets the fair market rent for a 2-bedroom at $1,536 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2000–2025
+0.2%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2022 (+16.9%). Worst: 2009 (-2.5%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.7%
IN · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,991
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
+0.2%
2025 change
FHFA repeat-sales index, median of 56 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
52
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $129,021,791.
Mortgage activity
Home lending in this county
87.2%
2019 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 23350 | 13726 | 83.6% | 3.5% | $265,000 |
| 2019 | 29356▲ | 18003▲ | 87.2%▲ | 2.9% | $305,000▲ |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Hamilton County, Indiana
Hamilton County's housing market remains resilient, characterized by steady price appreciation and high demand driven by strong local schools and economic growth. While inventory has increased from previous lows, the market remains in seller-favorable territory due to sustained buyer interest.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 4 cities · 9 ZIP reports
Median prices moved up 3.8% year over year.
Homes spend a median of 40 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 25.13% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 3.2% — a stable, low-distress profile.
Deterministic aggregate of 14 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Hamilton County, Indiana — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Each property observation weighs one in its ZIP's deterministic roll-up — property-level records (taxes, scores, permits) never roll individually. Latest property research run Oct 7, 2026.
researched Oct 5
researched Oct 6
researched Oct 6
researched Sep 18
researched Oct 5
researched Sep 30
researched Oct 1
researched Oct 5
researched Sep 18
| 46032 | Carmel | $697,450 | $286 | — | 12 | — | — | — | 227 | $1,642 | researched Oct 5 |
| 46033 | Carmel | $616,267 | $260 | +6.3% | 70 | 100% | — | — | 220 | $1,786 | researched Oct 6 |
| 46034 | Cicero | $344,398 | $168 | -18% | 34 | 98.5% | 18.5% | 2.6 | 58 | $747 | researched Oct 6 |
| 46037 | Fishers | $453,380 | $168 | -1.8% | 33 | — | — | — | 222 | $1,656 | researched Sep 18 |
| 46038 | Fishers | $372,500 | $178 | +6.5% | 12 | 99.5% | — | — | 104 | $1,575 | researched Oct 5 |
| 46060 | Noblesville | $395,000 | $208 | +8.5% | 37 | — | — | — | 364 | $1,313 | researched Sep 30 |
| 46062 | Noblesville | $450,000 | $185 | +15.4% | 48 | 98.5% | 28% | 3.2 | 308 | $1,509 | researched Oct 1 |
| 46069 | Sheridan | $320,000 | $184 | -5.9% | 78 | — | — | — | 79 | $742 | researched Oct 5 |
| 46074 | Carmel | $485,000 | $207 | +4.4% | 42 | 98.5% | 18% | 3.8 | 543 | $1,690 | researched Sep 18 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
Hamilton County consistently reports some of the lowest crime rates in Indiana, maintaining a high level of public safety that significantly outperforms regional and national averages.
The county is widely recognized for its top-tier public school systems, with multiple districts consistently ranking among the best in the state for academic performance and college readiness.
The area faces standard Midwestern weather risks, including occasional severe thunderstorms and wind events, with flood risk primarily concentrated in specific low-lying areas near the White River.
Hamilton County serves as a major economic hub in the Indianapolis metro area, driven by significant corporate investment in Carmel, Fishers, and Noblesville, alongside robust infrastructure expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
The county features a diverse economy anchored by healthcare, life sciences, and professional services, with major corporate headquarters driving consistent employment growth.
The county is served by major highway corridors including I-69 and US-31, providing critical access to the Indianapolis employment core.
The Hamilton County Assessor's office manages property assessments based on annual market value adjustments to ensure equitable taxation across all jurisdictions.
The county is served by several independent school corporations and various utility districts that manage water, sewer, and infrastructure services across municipal boundaries.
Property insurance premiums in the county remain stable, reflecting the area's relatively low exposure to catastrophic natural disasters compared to other regions.
- Slick City Action Park4.521.2 mi
- Dave & Buster's Indianapolis3.99 mi
- Smiley Ocean Themed Adventure Park4.38.8 mi
- Sky Zone Trampoline Park4.38.9 mi
- The Waterpark4.37.5 mi
- Gainbridge Fieldhouse4.719.6 mi
- Lucas Oil Stadium4.720 mi
- Indianapolis Zoo4.519.8 mi
- Indianapolis Motor Speedway4.819.3 mi
- Indiana Convention Center4.619.7 mi
- The Children's Museum of Indianapolis4.716.6 mi
- Indianapolis Zoo4.519.8 mi
- Indianapolis Motor Speedway4.819.3 mi
- Conner Prairie4.63.9 mi
- Uranus Fudge Factory - Anderson Indiana4.718.7 mi
- The Children's Museum of Indianapolis4.716.6 mi
- Newfields4.716.2 mi
- Conner Prairie4.63.9 mi
- Indianapolis Motor Speedway Museum4.819.6 mi
- Indiana State Museum4.719.6 mi
- Droplight Grand Park Sports Campus4.65.4 mi
- Newfields4.716.2 mi
- Conner Prairie4.63.9 mi
- Eagle Creek Park4.717.1 mi
- Fort Harrison State Park4.711.8 mi
- Morse Lake Marina4.34 mi
- White River Yacht Club4.611.1 mi
- Indianapolis Yacht Club4.69.7 mi
- SpeedWorx Marine - Docks & Lifts4.911.7 mi
- Topgolf Fishers4.56 mi
- Chatham Hills (The Club at Chatham Hills)4.65.5 mi
- Birdies Miniature Golf Course & Sports Bar4.35 mi
- Purgatory Golf Club4.57.2 mi
- Pebble Brook Golf Course & Grill4.31.7 mi
- Castleton Square4.28.9 mi
- The Fashion Mall at Keystone4.49 mi
- Saraga International Grocery4.317.7 mi
- Meijer4.46.9 mi
- Hamilton Town Center4.67.1 mi
- Indianapolis International Airport4.625.5 mi
- Flights Craft Bar & Kitchen3.923.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A premier multi-use trail that connects major cities in the county, serving as a central artery for recreation and community connectivity.
A nationally acclaimed interactive history park that offers immersive educational experiences and significant green space.
One of the largest outdoor amphitheaters in the region, hosting major national touring acts and drawing visitors from across the state.
Data retrieved from data.census.gov; figures represent county-wide averages.
applies when — Property must be the taxpayer's principal place of residence.
Removes the first $45,000 of the homestead's assessed value from taxation.
Indiana Code 6-1.1-12-37.
Indiana requires a judicial foreclosure process, meaning lenders must file a lawsuit in court to obtain a foreclosure decree.
Indiana Code 32-30-10.
Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments.
Indiana Code 6-1.1-4.
applies when — Applies to the sale, exchange, or installment contract of residential real estate containing not more than four dwelling units.
Requires the seller to complete a disclosure form regarding the condition of the property, subject to specific statutory exemptions (e.g., court-ordered transfers, foreclosures).
Indiana Code 32-21-5.
Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Indiana Constitution Article X, Section 1; Indiana Code 6-1.1-20.6.
≈ $4,890/yr on a $489,000 median
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.