π Noblesville, Indiana – Rental & Sales Market Report (June 2025)
π Rental Market Insights
- Average Rent: $2,095 (π Up 4.5% YoY, stable MoM)
- Active Rental Listings: 70 homes (+1.5% MoM)
- Average Days on Market: 32 days (π Fast turnover, investor-friendly)
- Average Price per Sq Ft: $1.01
π’ Apartments & Townhomes
- Apartments/Condos: 39 available, $1,523 avg rent, $1.64/sq ft
- Townhomes: 2 available, $2,300 avg rent, $1.25/sq ft, 122 days on market*
*Note: Townhome days on market skewed by limited data/sample size.
Noblesville continues to demonstrate seasonal strength in rental pricing and velocity. While the market remains relatively stable, investors can expect reliable performance as average rental rates hold steady and inventory remains balanced. Single-family homes are showing a classic summer peak, aligning with predictable seasonal trends.
Thinking about adding to your rental portfolio in Hamilton County? Red Door Property Management in Noblesville can help you navigate the local rental market and maximize your returns.
π Sales Market Insights
- Average Sales Price: Flat over 3 months (slightly down MoM)
- Average Days on Market: 31 days (π Up 40% MoM, still healthy)
- Price per Sq Ft: $186 (π Up YoY)
- Total Homes Sold: 91 (π Down MoM)
While sales prices are holding steady, momentum has cooled slightly in June. A 40% rise in average days on market hints at rising inventory or buyer hesitation—making this a favorable environment for buyers. Investors eyeing Noblesville might benefit from submitting offers just under asking price while this softening trend continues.
Despite a small dip, the market remains resilient. With continued population growth and strong demand in the northern suburbs, Noblesville still represents long-term value for rental investors.
π Investor Takeaways
- π Rental rates are steady, trending slightly upward YoY
- π Homes rent quickly – 32 days on average
- π·οΈ Sales market is slightly cooling – a buying opportunity for investors
Whether you're looking to acquire a new investment property or optimize an existing one, our Noblesville property management services offer tailored solutions to protect and grow your investment.
π Want to explore more opportunities? Browse available homes for rent in the Indianapolis metro and start identifying the right fit for your portfolio.
Transcript Here
Rental Market Holding Strong with Balanced Growth
Noblesville continues to look pretty good. Number of active homes is at 70, up almost 1.5% month-over-month. Average rental price is holding steady at $2,095, up just over 4.5% year-over-year. Average days on market is 32 — absolutely stellar, especially if you're working with a reputable property management company giving you sound advice. You’re likely beating that average.
Average price per square foot is at $1.01. For apartments and condos, we have 39 listings with an average rental rate of $1,523 and price per square foot at $1.64. We're seeing more new apartment developments going up, particularly in nearby McCordsville, and the pricing trend reflects that.
Townhomes Lagging, But Data Is Too Small to Judge
Only two townhomes are on the market in Noblesville, with an average rental rate of $2,300 and a lengthy 122 days on market. That’s skewed by the limited sample size — one overpriced or stubborn listing can significantly impact the data. Average price per square foot is $1.25.
Seasonal Trends Reflect Predictable Summer Peak
Looking at single-family homes, the rental pricing graph shows typical seasonality — trending upward through June. Don’t read into the July data point yet; it’s based on just a couple days of data and doesn’t tell us anything meaningful yet. We may be seeing the top of a bubble, but it's likely just peak-season behavior. Expect things to taper off as school season approaches.
Mike adds that last year had an odd dip in April to June, followed by a July spike. This year, everything appears more normal with a predictable seasonal arc.
Sales Market Sees Slight Shifts, Possibly from Inventory Rise
Average days on market for sales is 31 — up 40% month-over-month and nearly 11% year-over-year. That’s the biggest variance compared to nearby Fischers, which saw only 18 days. Even so, 31 days on the market is still excellent.
Average price per square foot is $186, ticking upward, but the average sales price is trending slightly down — a surprise compared to Fischers. Homes sold in June totaled 91, which is down month-over-month.
Sales Price Trend Flatlining, Similar to Fischers
Despite the slight decrease in homes sold, the average sales price over time looks very consistent. It matches the flatline seen in Fischers over the last few months. The major difference is the increased days on market.
Conclusion: Buyers Market Emerges in Noblesville
While it’s not doom and gloom, the data suggests a shift in momentum — likely due to rising inventory. It’s not a crash, just a softening. If you're a buyer or investor looking into Noblesville, now is a great time. Submit an offer just under asking and you may get a favorable deal.
