Anderson, Indiana – June 2025 Rental & Sales Market Report

🏡 Rental Market Highlights

• Average Rent: $1,115 (⬆️ Up 11% YoY – highest ever recorded!)
• Days on Market: 54 (⬆️ Higher than most Indy suburbs – investor opportunity)
• Apartments Available: 63 units averaging $749/month
• Price per Sq Ft (Apts): $1.27

This is a milestone month for Anderson's rental market. At $1,115, the average rent has finally surpassed the long-anticipated $1,000 threshold. While days on market remain elevated at 54, this gap highlights a huge opportunity for value-conscious investors.

Anderson sits just outside the booming Fishers and Noblesville corridors, making it a prime candidate for future growth. The affordability gap between Anderson and nearby suburban markets is significant—often up to 3x lower in rent—drawing increased interest from renters and investors alike.

To take advantage of this trajectory, work with a team that knows how to position rentals to the right tenants. Explore our Anderson property management services to learn more.

🏘️ Sales Market Highlights

• Average Sales Price: $192,210 (⬆️ Up 9% MoM, ⬆️ 26% YoY)
• Price per Sq Ft: $128 (⬆️ Up 11% YoY)
• Average Days on Market: 38 (⬆️ 18% YoY)
• Homes Sold: 87 (⬆️ Both MoM and YoY)

Anderson’s sales prices continue trending upward, reinforcing its role as one of the last remaining affordable pockets in Central Indiana. With the vast majority of homes selling for under $200K, this market is perfect for first-time investors or cash-flow-focused buyers.

The sales graph shows a clear appreciation trend, and the steep June 2025 price gain is part of a broader upward trajectory—not just a fluke. Most inventory falls in the sub-$250K category, making Anderson an ideal value market for investors priced out of Westfield, Fishers, or Carmel.

Check out our expert team at Red Door Property Management to start building your rental portfolio in this rising market.

💡 Investor Takeaways

• 🏠 Record-setting rent and strong sales appreciation make Anderson a top affordable market
• 📉 Higher days on market suggest room for operational improvement = more upside
• 💰 The market is dominated by sub-$200K sales, ideal for investors targeting cash flow

Anderson is no longer just the “watch list” market—it’s showing clear signs of growth. If you’re looking for a low-barrier, high-upside investment, this may be your best bet. Reach out to our rental experts serving Anderson to explore available inventory today.

• Transcript Here

  00:00 Anderson June 2025 Market Report
  [Music]

  Anderson, this one's yours.
  All right, Anderson. I Chris, we look at this average sales price. I can't I got to jump right into 1,5 bucks. I think this is the most we've seen uh I mean, ever. I think maybe since we've started reporting it.
  Absolutely. Has to be.
  Absolutely has to be up 11% year-over-year.
  Unbelievable, right? It's crazy. I mean, it's it's this podcast. That's what it is. We all know that.
  I mean, absolutely it is. I mean, honestly, I mean, the last couple months, I know we're like, "Hey, this is just a an affordable market. We reported on it just so you can be informed. Uh we we were suspicious that we would see increases come at some point and we wanted to be reporting on it when it did. Uh, and maybe this is a start, maybe this is a blip. We'll see. We won't know until we report on the following months. But this, like Mike just said, this is uh the first time we've seen an average rental rate at $1,115."
  That's for sure.
  Yeah. Remember, end of last year, we're like, "Okay, it's got to get it like 8.95, 8.95, 985. We're like, okay, we're going to get over a thousand." Well, here we are.
  Why are we reporting on this? Well, now we're we're remembering why. Yeah.
  Exactly. Well, I mean, it is we talk about this all the time. It's a little bit more of a speculative market. There's like not a ton of like economic activity there, but it is in such close proximity to Noblesville and Fisers. uh and the affordability gap between Anderson and those two other markets that we're talking about is very very significant. So, you know, it's kind of our thesis that that's going to bleed over into Anderson and uh you know, Anderson will kind of I don't know if pop is the right word, but continue to see uh increases both in rental price and uh uh average sales price as more and more investors and more and more renters kind of get interested in this area for uh the affordability play. And that's what we're seeing here. I mean, look at this. Average rental price is, you know, one uh uh sorry, $1,115. You compare that to Westfield we just did was what? $2,800. You know what I mean? So, it's almost triple. Um and so, I mean, obviously that's very very very affordable. So, um that's going to attract people. Um and so, I mean, Anderson, you know, it's not a luxury market. uh it's not um there's there's definitely some development that needs to happen there but uh we do think it is going to happen whether it's you know one two five years down the road not sure um but uh we do believe there is a lot of room for growth there so uh average days on the market though is a little bit high uh at 54 days on the market so most other places we've been seeing has kind of been closer to 30 um so that's a little bit higher than we like to see here especially in uh in June.

  Uh going into the apartments uh good amount of apartments there. 63 apartments available. And again, that's even more affordable at $7.49. Uh coming out at $1.27 per square foot for apartments in Anderson. Uh focusing on the three graphs there at the bottom. Uh I don't know what happened in April, but it just took off. And look at May and June are just seeing huge price increases. So definitely keep an eye on that. The sneak peek into July, as we mentioned, it's only the 3rd of July. So that data is, you know, too early to too early to call on that. But um if that trend line continues, that's only good news for investors in uh in Anderson.
  Yeah. Yeah. I love it.
  
  

  03:21 Anderson Sales Market Report
  All right, let's get into sales data. Let's see if that's trending in any direction.
  Let's take a look at the sales data in uh Anderson. Uh days on the market, 38. It's kind of on track with pretty much everything else we've been seeing. Um so good. That is up actually uh month over month and year-over-year. Look at that. Up 18% year-over-year. Uh uh price per square foot is a dollar, sorry, not a dollar, $128 per square foot. Uh unchanged month overmonth, but up 11% yearover-year.

  Um average sales price 190. Unbelievable. 19210, but uh look at that. Up 9% and then I think a little bit of a a drama, but it is up 26% year-over-year. You can see, you know, if you look at that price graph in the bottom left, something happened in June. Something weird happened and uh had some kind of maybe let's call it an artificially low month in uh in June, which results in the, you know, the high year-over-year. So, won't put too much uh too much credence in the year-over-year number, but uh you can tell if you look at that price graph over time, it is trending, you know, up and to the right. And so, it looks like prices are just constantly increasing in uh in Anderson, which is uh which is good.

  Uh number of homes sold, which is 87. That's up year-over-year and month over month. Uh and then our bottom right uh bottom right graph just kind of emphasizes the point that this is absolutely a uh value market in the sense that look at the vast majority of the homes that you can purchase or that have closed in uh the past year are under 200. I mean the vast vast majority I mean think it's almost 600 and then another 200 under 250 and that's almost the entire market. So, it's like almost you can't even spend $500,000 in uh in Anderson if you if you wanted to and I wouldn't recommend it. Trust me.

  If you're going to buy in Anderson, keep it under 200 for sure.
  Funny. Yeah. I mean, nothing to add here. Yeah, you nailed it with that trend line. Yeah. If you look at last year's trend line, it is trending up. So, I mean, uh if you don't have a lot of dollars to spend, this is a market you're looking at and you're still going to see some appreciation. you're still going to see uh some uh well spent investment dollars in in this in this market based on historical performance. So, it's good.
  [Music]