Anderson, Indiana Rental & Sales Market Report – May 2025

🟢 Rental Market Overview: Anderson continues to present a value-driven opportunity for investors looking for long-term growth. The average rental price has finally crossed $1,000 — a milestone that’s been long anticipated. This represents a 10.5% increase month-over-month, showing renewed strength in this affordable market.

• 📈 Average Rent: $1,000+ (↑ 10.5% MoM)
• 🏠 Homes on Market: 53 (↑ 17% MoM)
• ⏱️ Days on Market: 52 (down slightly MoM, but still higher than ideal)
• 💲 Price per Sq Ft: $13 (↓ 37% MoM)
• 🏢 Apartments: 200 on the market, $723 avg rent, $1.41/sq ft

📊 Despite high apartment supply, single-family rental demand is on the rise. May showed a strong rebound in pricing after a dip in April. Investors should monitor this market closely — while speculative, its affordability and potential future spillover from nearby markets like Noblesville make it worth watching.

🔗 Learn more about Indianapolis property management services and Anderson rental market strategies.

🏡 Sales Market Overview:

Anderson remains the most affordable residential market in the Indianapolis metro. The average sales price is just $173,989, making it nearly $100,000 lower than Indianapolis.

• 📉 Sales Price: $173,989 (↓ slightly YoY)
• ⏱️ Days on Market: 35 (steady)
• 💲 Price per Sq Ft: $128 (↑ MoM and YoY)
• 📊 Sales Volume: Down MoM, unchanged YoY

📉 Despite a small dip in monthly activity, Anderson’s affordability continues to appeal to value-conscious investors. Over 80% of homes sold were under $200,000, and nearly 90% under $250,000. This is a great entry point for long-term investors.

💡 While Anderson lacks the high growth projections of more developed suburbs, its speculative upside and low cost of entry make it a compelling market to monitor. Stay tuned to future updates and explore more Indianapolis rental listings for regional trends.

• Transcript Here

  Rental Market Surpasses $1,000 Milestone

  We've been watching Anderson for a while, and this might be our biggest value play when it comes to both average rental price and home affordability. The average rental price finally exceeded $1,000—a significant milestone we've been anticipating. That’s a 10.5% increase over last month, and we’re optimistic that this momentum could continue.

  Inventory Rises, But Days on Market Still High

  There are currently 53 homes on the market, which is up 17% from last month—more than what we’d attribute to normal seasonality. However, the average days on market sits at 52, slightly higher than desired, though it has decreased month-over-month.

  Price Per Square Foot Dips Amid Apartment Saturation

  The price per square foot is $13, down 37% month-over-month. This drop is worth noting, but context is key. Anderson is a heavily apartment-driven community. There are 200 apartments on the market—4x the number of single-family homes. The average apartment rent is $723, or $1.41 per square foot.

  Townhomes Still Struggling in Anderson

  Townhomes continue to underperform in Anderson. There's minimal inventory, and demand appears low. Investors should be cautious with this asset type here.

  Rental Trends Show Promise After April Dip

  Single-family home rental prices dipped unexpectedly in April, but bounced back sharply in May. If early June trends hold, we could be looking at sustained growth above $1,000. This recent turnaround helps validate our ongoing focus on Anderson as a market to watch.

  Is Anderson On Your Radar?

  We’d love to hear from investors: Are you watching Anderson closely, or have you written it off? It remains a speculative market. There's not much new economic development, but we’ve always viewed it as a possible beneficiary of spillover growth from places like Noblesville.

  A Speculative Market with Affordability Upside

  Anderson has lost jobs over the past decade, and while some new opportunities have emerged, they haven't been transformative. Still, it’s so affordable that investors can afford to speculate. This market isn’t “tried and true” like others we cover—but the price point makes it intriguing for long-term plays.

  Sales Market Snapshot: Strong Value Play

  Average days on market sits at 35—very stable. The price per square foot is $128, up both month-over-month and year-over-year. The average sales price is $173,989—nearly $100,000 less than Indianapolis, and still under $200,000. That’s very compelling for value-focused investors.

  Volume Softens Slightly, But Trend Holds

  Sales volume dipped slightly month-over-month, but remained flat year-over-year. We noted an odd dip in June 2024 sales, so next month’s year-over-year figures could see a sharp rise. Focus on the trend line rather than individual month fluctuations.

  Affordability Defines the Anderson Market

  Most homes in Anderson sell under $200,000. In fact, 80% of homes are below $200K and 90% are under $250K. This is a true value market—not a place to buy a $500,000 home.

  Final Thoughts: Stay Cautious but Curious

  Anderson stands out as one of the few areas where the average sales price over time doesn’t show steep appreciation. While still affordable, it’s speculative. If Anderson aligns with your investment budget, there may still be opportunity—just keep watching this space over the coming months.