Whitestown, IN Rental and Sales Market Update – June 2025

Whitestown continues to solidify its place as one of the Indianapolis metro’s higher-end rental markets, with strong year-over-year gains in both rent prices and investor interest. While it's still considered a smaller market, Whitestown’s proximity to Lebanon and Zionsville, along with substantial new development, makes it a key area for real estate investors to watch closely.

Rental Market Trends – June 2025

• Average Rent: $2,460 (up 11% year-over-year, unchanged month-over-month)
• Vacancy Rate: Average days on market sits at 30 days – down from last month
• Price per Square Foot (Apartments): $1.97

Whitestown rental prices remain among the highest in the region. While single-family homes hover near $2,460/month, apartment units average $2,216. The sharp contrast in per-square-foot pricing between home rentals and apartments ($1.97 for apartments) suggests strong value in multi-family offerings.

With a limited inventory of just 22 active listings and a rental trend line that has steadily risen since spring, Whitestown is becoming a premium choice for renters seeking newer, suburban living options. For investors, this rental consistency adds a layer of stability to what was once a speculative corridor between Lebanon and Zionsville.

Sales Market Trends – June 2025

• Average Sales Price: $373,813 (down slightly month-over-month and year-over-year)
• Average Days on Market: 36 (up 125% year-over-year)
• Price per Square Foot: $174 (up year-over-year, down from last month)
• Homes Sold: 35 (up 45% month-over-month)

Though sales prices dipped slightly, Whitestown still commands high price points for its size. The majority of homes sold remain in the $350K–$400K range, signaling that this once “up-and-coming” area is now firmly in the higher-end tier of Indy suburbs. While the average days on market has increased compared to last year, it’s still within healthy selling range.

Interestingly, nearly 50 homes are still transacting under the $300K mark — making it one of the few areas where a mixed portfolio strategy (premium and value) could work effectively. For investors targeting newer inventory with long-term appreciation potential, Whitestown is worth consideration.

Market Insights & Outlook

Rental demand in Whitestown remains strong, aided by consistent development and growth along the northwest corridor. The flatlining of sales prices may suggest a cooling from previous spikes, but the underlying fundamentals — location, new builds, and growing interest — remain positive.

Whitestown isn’t yet a luxury market by reputation, but its pricing and tenant demographics increasingly reflect one. Investors looking for strong rental income with suburban stability should keep this area high on their watchlist.

Related Links:

• Whitestown Property Management Services – Expert management for single-family and multifamily rental investments
• Browse Indianapolis Area Homes for Rent – See available inventory including Whitestown rentals
• Red Door Property Management – Indianapolis – Full-service property management solutions for investors

Stay tuned for next month’s report where we’ll continue tracking Whitestown’s performance and its neighboring markets like Lebanon and Zionsville. As always, Red Door Property Management is here to help you find, manage, and grow your rental portfolio with confidence.

• Transcript Here

  
  00:00 Whitestown Market Update – Rentals
  [Music]

  Let's get down. Let's go uh northwest side. Um again, this always kind of to me leads into the corridor up getting into Lebanon, which we'll talk about here in a minute. Uh and it is a little bit of a smaller market, but something that we want to keep an eye on. Um so only 22 homes on the market, which is up 15% over last year. Uh average rental price pretty high in Whitestown, 2460. Uh that's on the higher end. Um and that is up uh unchanged month over month but up pretty significantly year-over-year. Look at that almost 11%.

  Uh days on the market really on average with most other areas that we're seeing just 30 days on the market. So that's uh just about right for this time of the year. Uh which is good and that's down uh month over month. Price per square foot six per square foot unchanged over um over last month. really probably don't even want to talk about. I mean, there's a couple uh apartments, eight apartments for sale uh for sale for rent. Um with an average rent of 2216 uh and look at the difference, though, the dollar price per square foot, $1.97 on the apartments. It's pretty big difference.

  Yeah. Um, and then looking at the uh the trend line there for the uh price over time in Whitestown. Pretty significant jump over uh last year for uh April, May, and uh and June. So that's encouraging to see if uh if you are an investor. So again, a little bit of a smaller market, but something that we we want to keep an eye on as that kind of whole corridor develops. Whitestown, Lebanon, and then, you know, maybe even up into to Lafayette if it kind of starts bleeding into that way.
  
  

  01:46 Whitestown Market Update – Sales

  Love it. Love it. Let's get into sales data.

  Yeah, let's take a look at the sales data. Uh, okay. Average days on the market pretty consistent again with what we've been seeing across the board. 36 days on the market. That is up 125% year-over-year. Wow. Was it like Yeah. 18 15 last year. Geez. Uh, month over month it's also up. So, uh, wow. Uh um 174 is the price per square foot which is uh down month over month but up year-over-year. Um with the average sales price being 373813 down both month over month and just slightly year-over-year.

  Uh number of homes sold 35. Look at that's up 45% month over month. Wow. Uh and then down uh seven, call it 8% year over year. Looking at that uh average price over time kind of what we've been seeing is like uh flattening out a little bit. So it's not continuing to go up. It is for the most part up over last year, but I mean look, June, there's a little bit of a dip there. And now it's the same as uh June was the same as as last year. So, uh, definitely have to keep an eye on that and see if it continues to go down or if it kind of flat lines and goes up just a little bit.

  But, uh, looking at that bottom right graph there, um, kind of shows you that, um, I mean, I think a little bit shockingly to me is, uh, how much of a I don't want to say luxury market, but I don't necessarily think of Whittown as a luxury market, but I mean, gosh, look at this. The the bulk of the market's 350 to 400. Um, and so yeah, you're trend higher.

  Your your idea of a luxury market has been skewed over the years obviously because Whittown is a luxury market. Yes, we got to bring you down off the high towers and bring you back down to reality. Whitestown. Yeah, it's uh No, I'm being a little bit funny here. It is a it is a it's I I definitely see Whitestown as a as a higherend market. I mean, I see I mean do you do you see much of a difference between Whitestown and Zansville? I see those pretty similar markets, although Zansville is an older community, but yeah, I guess it's just my perception. I always perceive Zansville as being, you know, a lot more higherend of a of a community.

  Why newer? Just Yeah, just newer. There's a lot of new construction and, you know, the pushing the prices up. So, but it is I mean, look at this. This is and this is under 500,000 uh that we're looking at from the investor point of view and the average is, you know, between 350 and 400. Now, that being said, you still can get some homes, 46, call it 50 homes under uh under 300,000. So, the affordability plate still is there.

  Um, but again, just just goes to show you, you know, where the market is in uh in Whitestown.

  Yeah. Yeah. I love it. I love it. I don't know that I'm immediately looking Whitestown comparison to these other markets uh for an investment as as an investor point of view. Uh but I mean, it's a good market.

  Yeah, I would definitely be in that like 250 to 300 range if I was in Whitestown for sure.

  Yeah. Yeah. Yeah. Completely agree. I think we've got Lebanon up next. Am I mistaken? I think so. I think that's next. Next and last.

  Well, if you're watching Whitestown, you definitely want to stay tuned to Lebanon. Here we go.

  [Music]