Noblesville July 2025 Rental & Sales Market Report
Noblesville has quickly become a “sister market” to Fishers, showing strikingly similar growth patterns in July 2025. With active listings up sharply, rental prices climbing, and strong affordability compared to nearby suburbs, this area continues to present compelling opportunities for rental investors.
Rental Market — Noblesville (July 2025)
- Active rental homes: 92 (+31% MoM)
- Average rent (SFH): $2,173 (+3.5% MoM)
- Average days on market: 37 (+15% MoM)
- Apartments & condos: 35 available; average rent $1,602; ~$1.57/sq. ft.
- Townhomes: Just 7 active; average rent $2,395; 49 DOM; ~$1.43/sq. ft.
Investor takeaway: A surge of new supply—possibly from unsold homes converting to rentals or new construction completions—is hitting the Noblesville market. Even so, rising average rents and steady demand make this a balanced opportunity, especially for landlords who focus on quality tenant retention strategies.
Sales Market — Noblesville (July 2025)
- Average sales price: $334,347 (down MoM & YoY)
- Average days on market: 25 (–20% MoM)
- Average price per sq. ft.: $185
- Homes sold: 99 (sales volume climbing despite price softening)
Investor takeaway: Prices slipped, but homes are selling faster. The dip may be seasonal or linked to supply growth. With affordability still strong, Noblesville remains attractive for investors who can acquire now and ride out fluctuations with stable rental income.
Investor Entry Points
The sweet spot for new rental acquisitions continues to be $200K–$300K, especially:
- $200K–$250K: 78 homes sold
- $250K–$300K: 190 homes sold
- $300K–$350K: 258 homes sold
For investors, a 3 bed / 2 bath ranch around $250K–$275K remains the ideal entry property—easy to maintain, strong tenant demand, and positioned for both cash flow and long-term appreciation.
Outlook & Key Insights
- Rising inventory is the storyline to watch as we move into fall 2025—much of it likely from accidental landlords and new builds hitting the market.
- Rental rates are trending upward despite supply growth, indicating strong demand.
- Sales prices may continue to wobble month-to-month, but long-term fundamentals remain strong.
For expert help navigating the Noblesville rental market, connect with our Noblesville property management services. You can also browse Indianapolis homes for rent or learn more about our full approach at Red Door Property Management.
Transcript Here
00:07 Noblesville Rental Market Update
All right, let's get into Noblesville. Noblesville is my market as well. So, we're going to go Man, these are just stellar numbers. We talked about uh excited to get into these numbers as we went through last month's podcast. And this is exactly why these are awesome. Look at the number of active homes. This is almost this is the this is a a sister to Fischers all of a sudden. Now, number of active homes, 92 up over 30%. Over 31%. Tons active homes. Yeah. Hitting the market.Um, let's And I would only assume it's for a lot of the same speculational reasons that we laid out for the for the Fischer market. Average rental price up two uh sorry, up just over three and a half% at 2,173. Average days on market is 37. That's absolutely stellar in my opinion, especially if you're working with a reputable property management company. And that's up 15 over 15% month-overmonth. Uh the average price per square foot is at $19. I don't even care about that number.
Okay, let's get into the apartments, condos, and town homes uh in the next graphs. So, the apartments and condos, we've got 35. The average rental price at 16002 with an average price per square foot at $157. And then town homes. Um I'm always looking for this number to go up. I can't believe there's only seven town homes in Nolesville. It's like like Noblesville wants no town homes in their in their market. But yeah, you've got seven seven that are active and and well, if you keep them slim, you have a much higher average rental price than you do on single family homes like we do here. 23.95 uh for your your uh your average rental price for a town home here in Noblesville. Average days on market though, speaking a little bit higher at 49 and a$143 is your average price per square foot.
Now, now the bottom left hand graph uh a little bit more squirly, but it only appears that way because of that sneak peek that we always talk about into August, which is completely uh of no consequence. It should not even be of consideration here because it's only a couple days into into August. So, uh July is all we're looking at. Ignore the slope down. It's unlikely we're going to have a slope like that. But aside from that slope, the graph looks great. It's going up in seasonality into July. it takes a nice leap up. Uh we'll see what happens now that schools are back in session. I would imagine seasonality will play a factor, but will it tank like it uh like that early uh insight indicates currently? Yeah.
Mike, anything else you want to mention about the honestly? I mean, you always mention how close it is to fisers and it's it's interesting to see that the number of active homes jumped almost the same percentage in in terms of so it's kind of strange, but that's a lot. that is definitely more than seasonality. So definitely something to keep an eye on. Again, we talked about it in the economic up or insights, but you know, is that is that uh accidental landlords entering the market? I I have a feeling that's some of it for sure. And it's definitely something to keep an eye on because, you know, as and this is this is July, so this should be the peak of the sales season as well. So are we going to see that as people kind of maybe come to the realization that maybe they can't sell their home or can't sell it for what they they want to, are we going to see inventories creep up? So, in my mind, that's that's kind of the story to watch in the in the fall to see what happens.
Yeah. Exactly. Yeah. Yeah. It's also a lot of new construction, you know, that's that's now coming to completion. Um, so, you know, all of these things could absolutely be a factor. So, uh, be aware of the numbers. Tune in tune in over the coming months into the podcast to see what's going on with the numbers.
03:39 Noblesville Sales Market Update
All right. Average days. I mean, this is, uh, twin. I mean, average days on markets down almost 20%. 25 days on the market. This is that's that's great. Average price per square foot at 185. Average sales price at 334 347. Uh so your average sales price is ticking down there month over month and year-over-year. Now that is a little bit surprising.Yeah, doom and gloom right around the corner. Just kidding. Just kidding.
Uh number of homes sold. You got 99 homes sold. Uh which is is ticking up. So homes are still selling. Uh that average sales price could just be a blip. I would imagine next month is going to see a positive figure there uh rather than the current negative. Average sales price over time though. I Well, maybe I don't let me speak too soon.
Yeah, I mean there it is month over month it does continue to tick down. What's going on there? Just they have more inventory. I don't know. Doesn't make sense. It's kind of interesting that it it kind of mirrors last year. I know it's not the exact same, but look how it it it the low point is in August of the year, which is interesting. And that kind of seems like trending the same way. So that's not typical. So it's it's very very interesting.
Yeah. Yeah. That's that is interesting how man in April, March and April was our peak there and just started to tick down ahead of um ahead of even even any correction that I would have thought would have would have been a factor. But Definitely definitely to keep an eye on. I mean, 8% almost 9% year-over-year. That is nothing. That is no joke.
Yeah. Yeah. I would imagine it's got to have something to do with the the supply there in the Noblesville market. But anyway, uh we'll let speculation rain here. We'll we'll go into the number of homes sold in our investor point of view.
So, how much do you need to spend to get into the Noblesville market? Well, here it is. Between 200 and $250,000, you got 78 homes. between 250 and 300 you have 190 homes and between 300 and 350 at 258. So my sweet spot that uh that I'm always looking at is between 250 and 300. Really between 200 and 250 is is really ideal. Uh but even 250 to 300 on the lower end of that is is really a great price point for your nice three-bedroom, two bath, 1600 foot ranch home that's easy to maintain over time. That's what you should be looking for and this is a market you should be look for looking for it in.
So, that's uh that's that. So, you new investors that are going to be picking up the phone, calling me, wondering what market to get into, get tuned in. Get tuned in. This is these are it. We're we're we're telling you what markets to be a part of and why.
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