Crazy Shout Out to Indiana → This article from Realtor.com ranked Indiana #1 for Housing Affordability Grades.
Overall Score: 76.3/100 (A Grade) — We jumped from #4 to #1 dethroning last year’s leader, South Carolina
What’s driving this impressive score? (albeit not perfect…) It’s the right mix of affordability, median income, and construction growth. No one category is perfect, it’s the right balance of them all. Indiana has quietly outperformed the nation in building, building over 20,000 single family units in 2025, up
A median-priced home of $295,810 requires roughly 28% of the median household income of $71,469 in mortgage cost. Contrast this with New York, which requires 55.2% of the median home there, $668,173.
Why This Makes a Difference to Indy Investors → Indianapolis is building in population while also permitting at a 1.02 ratio — We build as much as we grow — and we do both impressively well. This creates an ever-expanding pie of economic vitality where incomes go up, alongside rents & property values.
Here’s the Thing → No state is perfect! (see graph below). In 1990, the US had a 3.11 price-to-income ratio. Today, we sit at a 4.9 price-to-income ratio. The reality is Indiana simply outperforms the nation in this category since things are still relatively affordable, while the economic pie expands here.
I don’t see this as bad as most people make it out to be. Wages in fact have been climbing alongside housing prices in recent years. Who is hurting the most is future generations that do not currently own assets.
What Indiana's New Property Tax Reform Means for Rental Owners
Indiana passed a major property tax overhaul last year (SEA-1), and it phases in gradually through 2031. Here's what matters if you own rental property in the state.
New Deduction Coming
Rental housing (along with farmland) gets a brand-new deduction on assessed value starting in 2026 — a category that's historically gotten little to no deduction relief. It phases in yearly and reaches 33.4% of assessed value by 2031.
But Watch the Rates
Homeowners are getting bigger breaks too: a new 2026 homestead credit worth 10% of the bill (capped at $300), plus a supplemental homestead deduction climbing from 37.5% today to 66.7% by 2031. Since local governments still need the same revenue, tax rates will rise to make up the difference. Rental owners' new deduction helps offset that, but it won't cancel it out completely.
Bottom Line
Rental property owners are expected to pay less than they would have without this reform, but that's not a guarantee of a lower bill than 2025 — rates are changing every year through 2031, so expect your tax bill to shift annually.
Client Success Story 🎉
Grant, our seller client, needed this gone. But tenants had trashed it.
We had our go to handyman help us with a full cosmetic renovation → New paint, drywall repair, new fixtures. We managed it all.
The turnout? Cute & eye-popping but not perfect. In this market, I actually love leaving some room for value-add improvements in certain areas, as long as it’s still functional. Savvy buyers appreciate that in this market.
Instead of listing at the top end of comps, we listed it at a modest price engineered for multiple offers.
The result?
We sold first weekend by Saturday evening, well-over asking.
In this market you MUST be pin-pointed in your strategy. The right price and details matter more than ever: Buyers have literally 4X as many options as they did a couple of years ago.
This Week’s Deal Picks
Hand-picked deals either on the market, coming soon, or off-market in Indianapolis!
Fully Furnished Historic Charmer w/ Pickleball Court
$86K in recorded owner income in 2024
Asking $799,900
4 bed, 3.5 bath w/ 11 actual beds in there now
Excellent stay for large group for downtown events w/ hot tub, pickleball court, and luxury finishes
Easy Base Hit → Class B Duplex w/ One Side Rented
Asking $478,000
Front back style duplex; Front unit paying $2035 / month
Monthly income potential: $4070 / month
Each unit features 3 bed, 3 bath, and ~2000 sqft of living space
Duplex in Meridian-Kessler
3 bed, 1 bath, 1188 sqft per side.
One side rented for $1725, Market rents ~$1800 / month
Asking $475,000 (Price Reduced $25,000)
Located near Fat Dan’s, Twenty Tap, Fresh Market, RedLine, and Monon Trail
Side by Side MTR Properties generating $68K / Year
Can be purchased individually ($239,900) or together ($509,800)
Currently managed as rent-by-the-room properties for working / medical professionals
Together, produced $68,272 in gross income
Off-Market in Emerson Heights
731/733 N Dequincy St. (Off-Market)
Class B- area in Emerson Heights near Irvington
Each side 2 bed, 1 bath
Total monthly rent $1905
Asking $215,000
Single Family Rental, Turnkey, Less than $100K
Asking $99,000
Vacant
Market Rents: $1100-1200
There are a lot of investors that do not want to invest as a landlord.
And I don’t blame them.
We help sellers sell with maximum exposure both on & off-market.
If you have an off-market deal you want featured to our 3000+ email list please respond: [email protected].
If you just want more info on where the market is at and what you’re property could sell for reach out.
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