Fishers July 2025 Rental & Sales Market Report (Investor Edition)

Fishers July 2025 Rental & Sales Market Report

Fishers has surged back to the front of the pack post‑pandemic. For investors targeting stable rentals in a high-demand suburb (with elite schools and a thriving town center), July’s numbers show strength—with some important supply signals to watch.

Market Updates & Economic Insights

Policy watch: Fishers’ rental ordinance remains the big storyline. If you own or plan to acquire in Fishers, ensure you understand permitting and timing. Partnering with a manager who tracks compliance daily is critical. Fishers property management
Supply jump: Active rental listings rose ~30% month-over-month (to 107). That’s more than seasonality and may reflect sellers turning to rentals and investors “getting in” ahead of policy constraints.
Community magnet: Downtown activation, dining, entertainment, IKEA/Topgolf—and top-tier schools—keep renter demand resilient even as inventory ticks up.

Rental Market — Fishers (July 2025)

Active rental homes: 107 (~+30% MoM)
Average rent (SFH): $2,306 (~–1.9% MoM; YoY not specified this month)
Days on market (SFH): 33 (~+27% MoM)
Apartments & condos: 32 active; average rent $1,848; ~$1.58 per sq. ft.
Townhomes: 18 active; average rent ~$2,400; 38 DOM; ~$1.70 per sq. ft.

Investor take: The ~30% supply bump explains slightly softer asking rents and longer lease-up times. Trend still stable, but pricing discipline matters. Well-presented 3 bed / 2 bath homes in the mid‑$2Ks remain competitive if aligned with condition and comps.

Sales Market — Fishers (July 2025)

Average days on market: 19 (still ultra‑low; ~+5.5% MoM)
Average price per sq. ft.: ~$191
Average sales price: $387,000 (up MoM and YoY)
Closed sales: 105 (continuing to tick up)

Investor take: Sales velocity is fast, and pricing is inching higher. The “sweet spot” for long‑term rentals remains roughly $250K–$300K—a 3/2 ranch here is a “rentable on arrival” asset when well maintained and properly priced.

Risks, Advantages & Outlook

Concerns: Elevated rental supply could lengthen marketing times if list prices don’t reflect conditions and comps; ordinance compliance risk for uninformed owners.
Advantages: A+ schools, lifestyle amenities, and diversified demand drivers keep occupancy strong; very low sales DOM supports values and long‑term equity stories.
Outlook (next 60–90 days): Expect seasonal leveling after July’s peak. Watch inventory and adjust asking rents proactively to protect days-on-market and tenant quality.

Action Steps for Investors

Underwrite with today’s DOM: Use 30–35 days for SFH in Fishers, not pandemic-era norms.
Price to the market, not the wish list: If activity lags 10–14 days, make measurable reductions.
Lock in compliance: Verify permits and ordinance requirements before listing.

Need a local operator who monitors policy, optimizes pricing, and communicates transparently? Start here: Fishers Property Management • Browse current opportunities: Indianapolis Homes for Rent • Learn how we protect ROI: Red Door Property Management

Transcript Here
00:07 Fishers Rental Market Update
All right, Fisers. Um, okay. Fishers, man, boy, have they really turned around from uh just following the the pandemic and and everything that was happening. I mean, look at the days on market 33. It's now all of a sudden the best market you can be a part of for many reasons. Uh, and if you don't know about the city ordinance, you need to check back to some of our other podcasts because you need to know about it. If you if you have a property or you're looking at person, you better. Yeah. So, check it out if you want more information on that. Uh, you'll find that in last month's podcast or earlier in our economic reports.
All right, let's go through the data here. So, number of active homes here in the Fisers market is up nearly 30%. We have 107 active homes. Now, that let's talk about that for just a second. That seems like a lot, doesn't it? I mean, a 30% jump month over month is huge. Yeah, that's more than seasonality for sure. I honestly I wonder are investors really rushing in to grab um rentals before that, you know, um rental restriction kicks in. I don't know. That seems like a lot though. I will say that. That is a lot.
And this is exact this is this ties into so many things. Going back to our question of the week uh segment that we just did. If you haven't caught that, you need to go back and check it out because you need to know what kind of questions and what kind of answers you're looking for when you're reaching out for a property manager. But this this is this is exactly it. Here it is. If you're watching this right now, you're informed of what's going on in the fiser market. Exactly. What's happening with 30% increase? Are investors rushing to the market because of the ordinance that's been uh or is this a result of people unable to sell their homes and they they they don't they're not going to give up what they've gained over the last few years. So, they're going to put it on the market for rent. I mean, it's so many combinations that are a factor right here in this market.
And if you want to work with an expert, it better be with somebody who who knows this as well as, you know, I mean, Mike knows how much I like to tout my own horn, but this is this No way. This is it. This is I mean this is it. This is what makes this is what sets you apart right here. Okay. Yep.
30% increase of number of active homes putting us at 107. Average rental rate uh I can't even tell. Is that a minus? I think it's a minus. Right. We're down almost 2% at 2306 which absolutely speaks to supply. I have no doubt. Average days on market is still at 33. Let's see if that continues. And that's up by the way. That's up 20 20 almost 27%. Um so last month you were seeing even better numbers. So Fischers is booming. Great school systems. Everybody's rushing to get into this market before school starts. Uh which by the time of recording, school has officially kicked off, but yep. So I can't wait to see next month's month numbers.
Average price per square foot three. All right, let's get into apartments and condos and then the town home numbers there, which I will rattle off as that's uh that's not really the meat of our market, but it is some of our of our clientele. So, uh, apartments and condos, you've got 32 average rate at $18.48 with $158 average price per square foot. And then your town homes there at the bottom at 18 currently active at $2,400. Uh, 38 days on the market and $17 is your average price per square foot.
Now not so much of a sedan looking here in the graph in the single family homes, but uh, but still relatively stable. I mean, right, it's it shoots up seasonality. it starts to level off as we as we get through the summer months and uh it might now we're getting a sneak peek there in August which which really the more I say that it's not really a sneak peek because it's so so early in the data uh that it's really it's really uh not not pertinent at all. So uh we'll see what happens in August, but that is uh as stable as you can get in in just about any market.
And you have your other consumable graphs there, apartments and condos and town homes. And just so you know, we do put up all these graphs uh as a collective on all of our social media channels. So you can compare one market to another really quickly. It's it's found on all of our social media channels there that are neatly uh laid out there in the bottom of this graph. So you can you can check that out for your consumption at any time.
Mike, anything you want to say on the the rental data?
Not too much. I mean, it's kind of same old same old other than active homes, number of homes. So, we that's definitely a uh number to watch. Are we going to continue to see that? Is that going to level off? Is that a blip? Uh but I mean it doesn't seem to be, you know, we're down like 1.87%. But if you look at that graph on the bottom left, it's nothing to be super concerned about, but definitely something to watch is the number of active homes.
Yeah. Yeah. Yeah. Exactly. Yeah. Yeah.
04:43 Fishers Sales Market Update
All right. Let's jump over to sales data. All right. Average days on market. So, so this is nothing. 19 days on the market. So, this leads me to I love seeing this. I love seeing I love seeing your reaction to it live. You just listen listen. Would you zip it over there? I'm trying to get through this.
One plus one equals two. Okay. So, if if days on market is so low, this would lead me to believe that people are purchasing ahead of the ordinance, but um I mean could Yeah, who knows? Yeah, it could be several factors, but uh all right, your average days on market uh and that's even up that's up over five and a half percent. That's 19 days on the market, which is absolutely nothing. It's trivial.
Average price per square foot, $191. Average sales price is up month over month almost the exact same is up year-over-year. It's $387,000. And number of homes sold at $105, which continues to tick up. I mean, average days on market's low, number of homes sold is going up. So, people are people are picking them up like like crazy, man. I know. But like based on these numbers, like Fischers is on fire, you know what I mean? 19 days on the market. Sales price is up. Price per square foot is up. I mean, it's looks like it's on fire.
Oh, yeah. And I love Fischers anyway. I mean, Fischer just on the community level, it's Yeah. The community, there's so much going on. They've done so much such a good job with that downtown. There's I mean, every time you turn around, there's a new restaurant, a new something opening or, you know, and they have something for every class. They have high-end, low-end breweries, entertainment. Yeah, they got it all going on.
IKEA, God, don't forget about IKEA. My gosh, Top Golf. I mean, they got everything. Top Golf, I know. All right. All right. That's that's your sales data, your average uh sales price over time there. And the consumable graph there at the bottom left hand uh which continues to comfortably go up and the number of homes sold.
So, this graph is anything uh if you've watched this, we talk about our investor point of view uh which is any any home that's sold under the $500,000 price point, which we consider that the investor's point of view. So, in those uh price points, what dollar amount you can spend to get into the Fischer market? There are still homes. What does that say? 131. Is that right? 131 from 250 to $300,000, which in my opinion is the price point I suggest to new investors when they're looking at that's like the sweet spot.
Yeah. And you can still get into Fisers. That's a slam dunk. I mean, you're always going to have somebody interested in that price point for a renter if you're pick up a home for 250 to 300 in Fisher. Three bedroomedroom, two bath, 6,600 square foot ranch style property is is chef's kiss uh in in this market. So, oh, it's going to it'll rent in a second if you price it right and you have the condition even halfway decent. It's going to rent in like two seconds.
If you're a new investor and you're calling me and you're wondering what market should I be looking at, uh, you're welcome. Here it is. You're you're welcome. Uh, Fishers for 275 gold.
Exactly. Fishers for 275.
So I get that question every single day. What market should I be investing in? Because they haven't found our our YouTube channel yet. So, um, they're still they're looking on the east side of Indianapolis.
Yeah, exactly. They are absolutely on the east side of Indianapolis. Yeah. Yeah. Yeah. Yeah.
All right. There there's your sales data. Let's get into the next market report. And uh just as as a secondary tease here, stay tuned to the end of the podcast here where we're going to get into some statistics as they surround property management uh companies as well as individual investors. And uh some of the numbers aren't going to uh to come out the way that you might think that they would. So stay tuned for that.

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