Apartment rent is on the rise in Indianapolis, thanks in large part to the area’s boom in new multifamily developments—and updates to old ones.
The owner of the long-standing project on the Monon Trail has a deal in place to take acreage next door for more units as apartment development heats up in the heart of Broad Ripple.
Airbnb reported that Indiana renters hosted 175,000 guests in 2017, who collectively earned more than $21 million by making their spaces available to travelers. But some homeowner groups want to ban the practice.
The Indiana data is less bleak than the national average, which found a full-time worker would have to earn $22.10 on average to afford a two-bedroom rental.
The “2,000 homes” dashboard—named after a pledge by Mayor Joe Hogsett to “rehab, transform, or demolish” 2,000 homes in two years— allows residents to see addresses of blighted homes, their owners, and the type of city intervention they have received or will receive.
For folks who want something a little more structurally solid than glamping but more homey than a hotel, the Indianapolis Motor Speedway plans to offer lodging for this year’s Indy 500 in pint-sized houses.
Visitors enjoy all the comforts of home, but on a very small scale. Indeed, the place looks like someone crammed an impeccably decorated, shabby-chic cottage into a phone booth.
Using a self-directed Roth IRA account, John Gremling buys and sells property to rent out to tenants, including veterans seeking help from groups like Hoosier Veterans Assistance Foundation of Indiana.
The city of Indianapolis is hoping to get derelict property owners into shape with new changes to its landlord registry.
A local startup with about 100 investors is making bigger acquisitions by progressing from rental homes to apartments, starting with a complex in Garfield Park.
Supporters of the bill, which would restrict cities from outright bans on short-term rentals like Airbnbs, have just a few days to bring it up again this year.
Affordable housing advocates are worried that a bill lawmakers sent to Gov. Eric Holcomb will exacerbate what they say is a shortage of inexpensive options for Hoosier families.
Approved artists would co-own the renovated homes in the Garfield Park neighborhood and only pay half the cost of the property.
City officials could create a committee to examine the impact of online lodging services. Carmel has come out against them, and state legislators are weighing a bill prohibiting cities from banning them.
Opposition is growing to the city of Carmel’s order that homeowners remove their properties from Airbnb listings.
Local firm Birge & Held Asset Management bought the property on East 82nd Street and is starting to renovate all 740 units—a task expected to present some logistical challenges.
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.
Van Rooy Properties purchased the nearly century-old landmark last year and embarked on a $6 million project to bring 40 market-rate units to the site at 1226 Dr. Martin Luther King Jr. St
The Indianapolis Housing Agency hopes more landlords will participate in the program.