📍 Fishers, Indiana – Rental & Sales Market Report (June 2025)

🏠 Rental Market Insights

• Average Rent: $2,350 (📉 Down month-over-month)
• Vacancy Rate (Implied by Active Homes): 83 active listings (+6.5% MoM)
• Average Days on Market: 26 days ⏱️ (Excellent turnover rate)
• Average Price per Sq Ft: $1.14 (📈 Up 4% MoM)

🏢 Apartment & Townhome Rentals

• Apartments: 37 units available, $1,863 average rent, $1.56/sq ft
• Townhomes: 19 units, $2,395 average rent, $1.17/sq ft, only 20 days on market

Fishers continues to offer exceptional rental stability with fast-moving properties and consistent seasonal trends. While rental prices dipped slightly, it's important to note that this reflects normal seasonal pacing and a slight July sneak peek due to early data pulls. The area remains highly desirable and predictable—ideal for real estate investors.

Don't forget, due to rental caps being considered in Fishers, opportunities may become limited. If you're considering purchasing, now is a strong time to act.

📊 Sales Market Performance

• Average Sales Price: $368,000 (📉 Down 1% YoY – Stable performance)
• Average Days on Market: 18 days ⚡ (Homes are flying off the market!)
• Price per Sq Ft: $184 (Slight MoM decrease)
• Total Homes Sold: 90 (📉 Down 25% YoY)

Despite a decrease in the number of homes sold, Fishers remains a strong seller’s market with extremely low days on market and a balanced sales price. This indicates increased inventory rather than reduced demand. Investors looking to enter Fishers can still find affordable opportunities:

• 🏡 39 homes sold between $200K–$250K
• 💰 132 homes between $250K–$300K
• 📈 275 homes between $300K–$350K

Expect competition in the $200K–$300K range, where homes are likely to sell quickly—possibly above asking. This trend reflects the strong desirability and sustained growth potential of Fishers.

🔍 Investor Outlook

Fishers continues to offer predictability, fast leasing cycles, and strong property values—all hallmarks of a high-performing rental market. Given the stability and ongoing growth, Red Door recommends investors move quickly before policy changes restrict opportunities.

🎯 Thinking of investing in Fishers? Partner with our expert Fishers property management team to maximize returns and stay ahead of local developments.

🏡 Browse available homes for rent in Fishers and the greater Indy metro area to spot your next opportunity.

• Transcript Here

  Rental Market Holding Strong During Peak Season

  Welcome back to the Red Door Property Management podcast. In this segment, we're diving into the Fishers, Indiana rental and sales market for June 2025. Leasing season is in full swing, and the data shows Fishers is firmly back in the “sweet spot” for both investors and renters alike.

  Rental Market Overview: Fishers, IN – June 2025

  • Active Rentals: 83 homes (up 6.5% month over month)
  • Average Rental Price: $2,350 (ticking down slightly)
  • Average Days on Market: 26 days – a strong indicator of demand
  • Average Price per Sq Ft: $1.14 (up 4% month over month)

  Inventory by Property Type

  • Apartments: 37 units | Avg Rent: $1,863 | $1.56/sq ft
  • Townhomes: 19 units | Avg Rent: $2,395 | $1.17/sq ft | 20 days on market

  Despite a slight downward tick in average rent, the demand is clearly still high, especially with townhomes leasing in just 20 days. We're likely seeing some early July data influence that graph, so take short-term dips with a grain of salt.

  Stable, Predictable Trends Win for Investors

  Looking at the rental price graphs for single-family homes, we’re seeing seasonal, cyclical behavior that matches last year: peak in summer, softening in winter. This is the type of predictable, reliable trend investors love to see.

  With rental caps coming soon in Fishers (expected within 5 months), now is the time to act if you’re looking to acquire investment property in the area. Catch the full context in last month’s podcast where we broke down the cap legislation in detail.

  Sales Market Overview: Fishers, IN – June 2025

  • Average Days on Market: 18 days – extremely fast-moving inventory
  • Average Price per Sq Ft: $184 (down slightly month over month)
  • Average Sales Price: $368,000 (down just 1% YOY – flat over recent months)
  • Total Homes Sold: 90 (down ~25% YOY)

  Despite the lightning-fast sales pace, prices have stayed remarkably stable—showing the effect of increased inventory entering the market. Buyers are active, but they have more options, which is keeping prices from spiking even as homes move quickly.

  Sales Price Distribution (Investor View: <$500K)

  • $200K–$250K: 39 homes sold
  • $250K–$300K: 132 homes sold
  • $300K–$350K: 275 homes sold

  This price band makes Fishers especially attractive for investors. Inventory under $400K is still strong, but competition is tight. Expect to pay close to asking in the $250K–$300K range where activity is most concentrated.

  Investor Takeaway: Get In Before the Window Closes

  Fishers continues to stand out for its:

  • Predictable seasonal performance
  • Extremely low days on market (18 days for sales, 20–26 for rentals)
  • Strong renter demand despite slight pricing adjustments
  • Pending rental cap legislation

  The time to act is now. Whether you're purchasing to hold or already own a rental in Fishers, market readiness and pricing strategy are more important than ever. Engage your property manager early, listen to the data, and plan for long-term success in a highly desirable market.

  Next up: We’ll continue rolling out suburb-by-suburb breakdowns across the metro Indianapolis rental landscape. Don’t miss what’s happening in Westfield, Noblesville, Greenwood, and beyond.