Locally, the number of homes flipped in 2015 jumped 9 percent from the previous year. Nationally, 2015 marked the first annual increase in the percentage of homes flipped following four straight years of decreases
Homeowners are looking to capitalize on the hot downtown housing market by creating rental units—and they no longer need to seek a variance to build them under new city zoning rules, cutting down on the time and red tape.
A Zillow study found the median home value in Indianapolis is $130,000 this year and the supply of those homes is high. It also found it takes just 11 percent of a buyer’s monthly income to make the average mortgage payment.