This Fishers Market Report reviews December rental and sales data, including pricing trends, days on market, and longer-term market behavior.
Fishers remains a higher-price-point market with strong rent growth, making it particularly relevant for existing owners and experienced investors evaluating performance and long-term strategy.
Key Takeaways – Fishers, IN (December 2025)
Rental Market
- Rent growth remains strong year-over-year
- Days on market increased seasonally in December
- Apartments and townhomes continue to command premium pricing
Sales Market
- Average sales prices declined slightly year-over-year
- Days on market increased, even in a historically strong area
- Entry price points limit accessibility for new investors
Investor Considerations
- Fishers favors experienced investors and long-term owners
- Pricing and HOA presence reduce entry-level rental viability
- Market performance remains stable despite seasonal slowdown
Why We Track Submarket Data Like Fishers
Submarkets behave differently than broader metro averages.
By tracking areas like Fishers separately, owners and investors can better understand how pricing, demand, and strategy vary by location — and why management decisions matter more in higher-price markets.
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If you’d like to explore additional cities or review past reports, you can browse our resources here.
If you own property in Fishers or the surrounding area and want to discuss how current trends may affect your rental, you’re welcome to contact our team.
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Disclaimer: This content is for educational purposes only and reflects general market observations. Individual results may vary.
Transcript Here
Fishers Rental Market — December
Signal to move the heck on. So here we go. All right, Fishers market.
Back when we started reporting on these markets, Fishers was super stubborn. It had a super high days on market, and we haven’t really seen a days-on-market number like 51 for quite a while. Correct me in the comments if you’ve seen one of our market reports showing higher than 51 in the last six months or so.
All right, let’s get into the data.
December 2025 Fishers market report on the rental side: we’ve got 113 active homes, which is up just over 7.5% month over month. Average rental rate is $2,299, which is down 3% month over month, but seasonality is absolutely a factor here. If you look at that bottom-left graph, you’ll see we weren’t much different last year with the same seasonal dip.
Average days on market is 51. Average price per square foot is just under a dollar.
Now let’s move into the next two graphs — apartments and condos, and then townhomes.
Apartments and condos: 34 active units with an average rental price of $1,805 and an average price per square foot of $1.58. Fishers does have a lot of very nice apartments with strong amenities, and that’s reflected in these numbers.
Townhomes: 38 active units with an average rental rate of $2,195 and essentially the same days on market as single-family homes. Average price per square foot there is $1.12.
As always, those graphs at the bottom track the last 24 months so you can see exactly how this market has been moving over time.
What do you think, Mike?
No, it’s kind of similar to Indy, right? It’s got really strong year-over-year growth. I mean, 7% rent growth year over year is unbelievable. If I have an investor, I’m very happy with that. That’s amazing. Days on market are a little high, but honestly not too bad for December. Fishers is really just plugging right along.
Yeah. And future outlook — as we all know — the rental cap is now officially in action.
Yep. Yeah.
I cannot wait to see how that affects the numbers over the next 12 months.
Yep, I agree.
Fishers Sales Market — December
All right, sales data.
Average days on market is 55, which is up almost 28% month over month. Even in a solid market like Fishers, we’re seeing extremely high days on market. We’ll see if that changes with potential interest-rate declines like we were just discussing in the previous market.
Average price per square foot is $177. Average sales price is $354,199, which is actually down year over year. That’s honestly a little surprising.
Number of homes sold is 80, which is still up 14% year over year, but down month over month.
If you look at average sales price over time, you can track exactly what’s happened — October was apparently the month to sell a house.
On the number of homes sold graph, from an investor point of view — anything from $0 to $500,000 — you can see exactly what it would cost to enter this market. And honestly, from a rental standpoint, it’s pretty much impossible now.
That means we’re going to have to start talking about how we report on Fishers going forward, because this isn’t really an area that a new investor is going to be targeting unless you can find something outside of an HOA or outside of a neighborhood.
Yeah, and those are so hard to find in Fishers. You might see them along 96th Street or 116th Street, but grabbing one of those is nearly impossible.
Gotcha. If you notice any skipping around, just let me know — looks like there may have been a little delay there. We’ll clean that up on our end.
All right, is that going to wrap it up?
That wraps up Fishers.
