Fishers, IN Rental Market Report – May 2025 | Strong Rents, Fast Sales & Investor Opportunity

Fishers, IN Rental Market Report – May 2025

Fishers continues to stand out as a high-demand suburb in the Indianapolis metro area, and May 2025 was no exception. While other areas begin to feel the early effects of market normalization, Fishers remains a stronghold for both rental income and resale activity. Investors looking to enter or expand in this market should take note of the steady rental price growth, low days on market, and early enforcement activity around the upcoming 2026 rental cap.

🏘️ Rental Market Overview – Fishers

• Average Rent: $2,395 (up 4% month-over-month)
• Active Rentals: 78 listings (up 1.4% month-over-month)
• Average Days on Market: 42 days
• Average Price per Sq Ft (Single-Family): $1.00

While not the fastest-moving market this month, Fishers rentals are still moving at a healthy pace. Days on market at 42 is well within acceptable thresholds, especially given the higher rental price point and demand for quality housing stock in this area. Our team expects this number to fluctuate as the 2026 rental cap gets closer and more investors position themselves ahead of regulation shifts.

Apartments & Condos Snapshot:

• Apartments: 43 active listings with an average rent of $1,978 and $1.43 per sq ft
• Condos: 10 listings at $2,400 average rent, 38 days on market, and $1.15 per sq ft

Interestingly, while the apartment count remains low in our dataset, development activity in nearby Hancock County is rising. Investors in multifamily should monitor zoning and permitting closely in Fishers.

📊 Real Estate Sales Market – Fishers

• Average Sales Price: $368,100
• Days on Market: 18 days (down 55% month-over-month)
• Price per Sq Ft: $192 (up 3%)
• Home Sales Volume: Down 19% month-over-month

Sales activity remains fast-paced, with homes averaging only 18 days on the market. However, a 19% drop in the number of homes sold this month could suggest the first signs of a market shift or simply tighter inventory. Either way, Fishers continues to be a premium market in terms of both price point and demand.

🔗 Helpful Resources for Investors

• Fishers Property Management
• View Available Rentals in Fishers & Beyond
• Short-Term Rental Management for Fishers Investors

For personalized rental market guidance or a management consultation, contact Red Door Property Management today. We help investors maximize returns and stay ahead of regulatory changes in the greater Indianapolis area.

• Transcript Here

  
  

  
  

  Fishers, IN Rental Market Report – May 2025

  
  

   All right, fishers, I'm gonna take on fishers, which, um, the rental data, gosh, I wonder how it's gonna change when the, the cap is officially, I. Instituted, are they just gonna be pretty s stapled numbers? Because the, the number of active homes doesn't really change all that much. I don't, I don't know. I want, I wonder if that's, I think it'll take a couple years to play out, honestly.

  
  

  But yeah, by the time, uh, the cap comes to place, then you have to see some people selling and maybe losing it. So I think before it really, really shows in the numbers. It's gonna take a few years. That's gonna be interesting. Okay. Alright. Number of active homes. Uh, this is the May, 2025 rental market update for the Fisher's area.

  
  
  🏘️ Rental Market Overview – Fishers
  
  

  So number of active homes, we have 78, which is just up, uh, just under 1.5%. Uh, the average rental price at 2395, which is continually up, just up another 4%, uh, average days on market at 42, which fishers always seems to fly off the market in my perspective. So. Uh, 42 is even, although, although reasonable 42 I think is, is reasonable, I always wanna see under 30, but 42 on this market report, uh, is, is nothing that's going to scare me off, that's for sure.

  
  
  Apartments & Condos Snapshot:

  
  

  Uh, and your average price, uh, per square foot is right at a dollar. Now as we get into the apartments and town homes and the two lines just below apartments, 43 active apartments at an average price point of 1978. A dollar 43 is your average price per square foot and your condos. You have 10 condos at 2,400, uh, 38 days on the market is your average for your condos at a dollar 15.

  
  

  Is your average price per square foot? Uh, it does. Um, it does surprise me that there's only 43, um, apartments. Um, surprised people don't see more apartments going up in the Fisher's area. Uh, I, I do see 'em coming up more in the Hancock County area. Um, but yeah, I'm surprised you don't see more of those in the Fisher's area.

  
  

  Yeah, there's gotta be more. Maybe it's just where we're pulling our data from. Because I see a lot of, a lot of condos, or sorry, a lot of apartments. Me too. Yeah. Yeah, yeah. Uh, that's, I mean, nothing, nothing overly newsworthy here. Just reporting the data here in Fishers. Uh, you, everyone here knows how much I love average days on market.

  
  

  40 two's is fine. I mean, God, there were times where we were seeing. 57 average days on the market. Um, so nothing overly newsworthy, I think, in any of these numbers. And now your graphics there at the bottom, which we do compile these and throw 'em out on our social media channels for your easy consumption, which you can find all of our social media channels.

  
  

  Listed right here at the bottom of this beautiful graphic so you can search us out, like and subscribe. I did see this morning, uh, now we're getting alerts every time we get new subscribers. So I saw a couple of those come in this morning. That is awesome. So thank you to you, new subscribers. Um, and also I'm gonna mention this a few times.

  
  

  I wanna be sure to do that, but throw some, uh, questions in the comments. I love answering some of these questions that come in on market reports. Maybe the questions. I love responding to those, so. Don't hesitate, uh, to throw some comments, uh, in the, uh, in the chat, uh, below. So we, we do respond to those super quickly.

  
  
  📊 Real Estate Sales Market – Fishers

  
  

  Um, and that includes any additional updates you'd love to see jump into this podcast. Alright, uh, I'm gonna get into the sales data here. So, in the Fisher's market, May, 2025 sales data, this is, uh, everything in the investor point of view. So everything. Uh, under $500,000 price point. Average days on market is 18, which is, geez, down 55%.

  
  

  Yeah. The doom and gloom doesn't seem to be showing here Fishers. Oh my gosh. All right. Average price per square, uh, per square foot is $192, just up under 3% average sales price at 368. 180 1 and your number of homes sold, which is actually less. So if we're talking about any doom and gloom indicator, I guess it's, uh, not as many homes sold month over month, um, for May, uh, your average sales sales price over time, which is, uh, which is awesome.

  
  

  I I love that little graph there. Uh, man does this, uh, man, in May, are we seeing. Tell me if I'm reading this, okay. I am reading this, right? Are we under where we were last year? Well, I guess we, last month and last month. A slight, I mean, is this a. Crack in the, uh, oh my gosh. Is this, it, is this where we see them converge right here?

  
  

  Who knows? Breaking, breaking news, breaking news right here. Well, and look, the, the number of homes sold too. Look down. I mean, 19%, you know? Yes. That's crazy. Uh, so there it is. Uh, looks like Chris Knight. I'm gonna call it now. Chris Knight's prediction. June 5th. Alright. That's your, that's your fishers uh, sales.

  
  

  Updates for May, 2025 and, and the number of homes sold there. I love this little graph. We always talk about it, but it shows you exactly, uh, at what price point you can get into the fisher's market while you still can. Uh, so remember that market cap does kick in, uh, in 2026. So if you're buying property and Fishers, now's your chance.

  
  

  Go ahead, Mike. On that note, Chris, I know we talked about this last month. We, we did talk about it briefly in the, um, economic insights, but you know, I told you I recently closed on a house in Fishers. Yeah. And, um. I already have. I got just this week, just yesterday, I got a letter from the City of Fishers saying that, Hey, oh no, you own a home in Fishers and it's gonna be a rental.

  
  

  You need to register it. I mean, they were ready for this. Like, oh my gosh, they already have the letter. They're already like, Hey, you gotta register this thing. So they are on it. They are not playing around. Wow. They're not playing around. Ah, okay. Alright. Congratulations for getting into the market.