New Construction
New construction is concentrated in Hamilton County and Hendricks County, with homes from $280,000 to $520,000 in rapidly growing suburban communities.
Indianapolis, Indiana · New Homes
New homes in Indianapolis.
Indianapolis has quietly become one of the Midwest's most attractive mid-sized metros for corporate investment, with Eli Lilly's $9 billion manufacturing expansion — the largest private-sector investment in Indiana history — and Salesforce choosing Indianapolis for a major tech hub.
New construction is concentrated in Hamilton County and Hendricks County, with homes from $280,000 to $520,000 in rapidly growing suburban communities.
At a glance
Indianapolis market snapshot
Median Home Price
$280,000
Median Rent
$1,150
Market Trend
Warming
Cost of Living Index
90
Why Indianapolis
What makes Indianapolis different
Why People Move Here
Eli Lilly pharmaceutical expansion and Salesforce tech presence and affordability relative to coastal markets and Indiana business-friendly environment and motorsports economy
Schools
Carmel Clay Schools and Hamilton Southeastern Schools in Hamilton County consistently rank among Indiana highest-performing school districts and among best in Midwest, driving enormous demand in northern suburbs.
Top Neighborhoods
Carmel, Fishers, Zionsville, Westfield, Noblesville, Avon, Greenwood, and Plainfield
Major Employers
Eli Lilly global pharmaceutical headquarters and manufacturing expansion and Salesforce Indianapolis tech hub and Indiana University Health network and Rolls-Royce North America aerospace operations and Cummins engine global headquarters
Who's building
Top builders active in Indianapolis
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Common questions
Indianapolis FAQ
Is Indianapolis a good place to buy a home?
Indianapolis offers Eli Lilly massive pharmaceutical expansion and Salesforce tech employment and exceptional Hamilton County schools and affordable prices.
What is the median home price in Indianapolis?
The median home price in Indianapolis is approximately $280,000 with Hamilton County communities in Carmel and Fishers from $350,000 to $600,000.
Which Indianapolis suburbs have the most new construction?
Carmel, Fishers, Westfield, Noblesville, and Avon lead Indianapolis in new home activity with Hamilton County fastest-growing.
Is Indianapolis good for real estate investors?
Indianapolis pharmaceutical employment and university population and motorsports economy and affordable entry prices create strong long-term rental fundamentals.
What is driving Indianapolis growth?
Eli Lilly manufacturing expansion and Salesforce technology investment and Indiana business-friendly tax environment and Hamilton County school quality drive demand.
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