Indianapolis-Carmel-Greenwood, IN
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA purchase-only · 1991 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is indianapolis on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. Purchase-only means repeat sales of the same homes with refinance appraisals excluded, the cleaner of FHFA's two indices, published for the 100 largest metro areas.
One year
One year real +2.0%
nominal +2.0%
Five years
Five years real +16.8%
nominal +35.2%
Ten years
Ten years real +59.8%
nominal +108.9%
Twenty-five years
Twenty-five years real +53.7%
nominal +172.3%
Since 2000
Since 2000 real +54.3%
nominal +181.1%
2007 to 2012
crash, real −19.7%
2007Q3 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 376.8 | 376.8 | real year on year +2.6% |
| 2025 Q4 | 367.3 | 367.3 | real year on year +5.1% |
| 2024 Q4 | 349.5 | 349.5 | real year on year −1.0% |
| 2023 Q4 | 342.9 | 353.0 | real year on year +3.4% |
| 2022 Q4 | 318.6 | 341.5 | real year on year +0.6% |
| 2021 Q4 | 293.3 | 339.5 | real year on year +9.9% |
| 2020 Q4 | 254.9 | 309.0 | real year on year +10.8% |
| 2019 Q4 | 227.3 | 278.9 | real year on year +6.3% |
| 2018 Q4 | 210.1 | 262.5 | real year on year +4.4% |
| 2017 Q4 | 196.4 | 251.3 | real year on year +4.9% |
| 2016 Q4 | 183.3 | 239.6 | real year on year +5.9% |
| 2015 Q4 | 170.9 | 226.2 | real year on year +3.8% |
| 2014 Q4 | 164.4 | 217.9 | real year on year +2.7% |
| 2013 Q4 | 157.6 | 212.2 | real year on year +3.5% |
| 2012 Q4 | 150.0 | 204.9 | real year on year −0.9% |
| 2011 Q4 | 148.3 | 206.8 | real year on year −2.9% |
| 2010 Q4 | 148.1 | 213.0 | real year on year −1.7% |
| 2009 Q4 | 148.2 | 216.7 | real year on year +3.8% |
| 2008 Q4 | 143.3 | 208.8 | real year on year −10.0% |
| 2007 Q4 | 153.3 | 232.0 | real year on year −4.4% |
| 2006 Q4 | 155.9 | 242.6 | real year on year −3.3% |
| 2005 Q4 | 156.1 | 250.8 | real year on year −0.6% |
| 2004 Q4 | 151.9 | 252.3 | real year on year −0.1% |
| 2003 Q4 | 148.1 | 252.5 | real year on year +0.6% |
| 2002 Q4 | 143.9 | 251.0 | real year on year +0.0% |
| 2001 Q4 | 141.7 | 251.0 | real year on year +1.1% |
| 2000 Q4 | 136.3 | 248.2 | real year on year −0.5% |
| 1999 Q4 | 132.5 | 249.5 | real year on year +1.7% |
| 1998 Q4 | 127.5 | 245.3 | real year on year +2.1% |
| 1997 Q4 | 122.9 | 240.2 | real year on year −0.5% |
| 1996 Q4 | 120.7 | 241.4 | real year on year −0.3% |
| 1995 Q4 | 117.5 | 242.0 | real year on year +0.3% |
| 1994 Q4 | 114.0 | 241.3 | real year on year +0.8% |
| 1993 Q4 | 110.2 | 239.2 | real year on year +1.9% |
| 1992 Q4 | 105.0 | 234.8 | real year on year +0.3% |
| 1991 Q4 | 101.7 | 234.1 | — |
2026 Q2377 · real 377real year on year +2.6%
2025 Q4367 · real 367real year on year +5.1%
2024 Q4350 · real 350real year on year −1.0%
2023 Q4343 · real 353real year on year +3.4%
2022 Q4319 · real 342real year on year +0.6%
2021 Q4293 · real 340real year on year +9.9%
2020 Q4255 · real 309real year on year +10.8%
2019 Q4227 · real 279real year on year +6.3%
2018 Q4210 · real 263real year on year +4.4%
2017 Q4196 · real 251real year on year +4.9%
2016 Q4183 · real 240real year on year +5.9%
2015 Q4171 · real 226real year on year +3.8%
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 26900. Real terms by the World Bank's US consumer price index, annual.