Property Management Blog

Safe Bet or Risky Move? Fishers Market Deep Dive (Dec 2023) with Red Doors

Chris Knight - Wednesday, January 31, 2024

Fisher's Market Report: Is it Still a Hot Investment in 2024?

Fisher's, Indianapolis

Thinking of investing in the Indianapolis area? Fisher's has long been a popular choice, but is it still a wise decision in 2024? Our latest market report dives deep, offering valuable insights for both traditional and short-term rental investors.

Key Takeaways:

  • Safe Investment: Fisher's remains a safe market with consistent active homes, steady sales prices, and ongoing community development.
  • Appreciation Potential: While rents are slightly down year-over-year, appreciation is expected, making it a strong "appreciation play" for investors.
  • Market Shift: Average days on market are higher than ideal, indicating a potential shift in the market dynamics.
  • Short-Term Rental Potential: Explore short-term rental opportunities before HOA restrictions tighten, but be aware of regulations.

In-Depth Analysis:


✅ Stable Market:Consistent active homes and sales prices indicate a stable market with long-term potential. 

✅ Community Growth:

Fisher's is a thriving community with ongoing investment in infrastructure, parks, and downtown development, fueling appreciation.


✅ Diverse Appeal:

Night life, day life, and various activities attract residents and visitors, creating demand for both long-term and short-term rentals.




❌ Higher Days on Market:

The current  high average days on market suggests potential tenant pickiness or overpricing.


❌ Rent Stagnation:

Average rents are down slightly year-over-year, requiring strategic rent adjustments to avoid vacancies.


❌ Short-Term Rental Restrictions:

HOA regulations may limit short-term rental opportunities.


Actionable Tips:


👉 Partner with the Best Property Management Company in Indiana:

Secure expert guidance and streamlined management for your Fisher's investment.


👉 Monitor Market Trends:

Stay informed about days on market, rent adjustments, and short-term rental regulations to make informed decisions.


👉 Focus on Appreciation Strategy:

If prioritizing appreciation, consider Fisher's but be prepared for potentially longer vacancy periods.


👉 Explore Short-Term Rental Options:

Act quickly to explore short-term rental opportunities before restrictions tighten.


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