📍 Noblesville, Indiana – Rental & Sales Market Report (June 2025)

🏠 Rental Market Insights

• Average Rent: $2,095 (📈 Up 4.5% YoY, stable MoM)
• Active Rental Listings: 70 homes (+1.5% MoM)
• Average Days on Market: 32 days (🚀 Fast turnover, investor-friendly)
• Average Price per Sq Ft: $1.01

🏢 Apartments & Townhomes

• Apartments/Condos: 39 available, $1,523 avg rent, $1.64/sq ft
• Townhomes: 2 available, $2,300 avg rent, $1.25/sq ft, 122 days on market*

*Note: Townhome days on market skewed by limited data/sample size.

Noblesville continues to demonstrate seasonal strength in rental pricing and velocity. While the market remains relatively stable, investors can expect reliable performance as average rental rates hold steady and inventory remains balanced. Single-family homes are showing a classic summer peak, aligning with predictable seasonal trends.

Thinking about adding to your rental portfolio in Hamilton County? Red Door Property Management in Noblesville can help you navigate the local rental market and maximize your returns.

📊 Sales Market Insights

• Average Sales Price: Flat over 3 months (slightly down MoM)
• Average Days on Market: 31 days (📈 Up 40% MoM, still healthy)
• Price per Sq Ft: $186 (📈 Up YoY)
• Total Homes Sold: 91 (📉 Down MoM)

While sales prices are holding steady, momentum has cooled slightly in June. A 40% rise in average days on market hints at rising inventory or buyer hesitation—making this a favorable environment for buyers. Investors eyeing Noblesville might benefit from submitting offers just under asking price while this softening trend continues.

Despite a small dip, the market remains resilient. With continued population growth and strong demand in the northern suburbs, Noblesville still represents long-term value for rental investors.

📌 Investor Takeaways

• 📉 Rental rates are steady, trending slightly upward YoY
• 🕒 Homes rent quickly – 32 days on average
• 🏷️ Sales market is slightly cooling – a buying opportunity for investors

Whether you're looking to acquire a new investment property or optimize an existing one, our Noblesville property management services offer tailored solutions to protect and grow your investment.

🔍 Want to explore more opportunities? Browse available homes for rent in the Indianapolis metro and start identifying the right fit for your portfolio.

• Transcript Here

  00:00 Noblesville June 2025 Market Report – Rentals
  [Music]
  Noblesville. I'm going to take this one as well. So, your Noblesville June 2025 market uh update for rental. Starting with rental and we'll get into sales data here in just a moment. Okay. Uh Noblesville continues to look look pretty good. Uh we're going to number of active homes. We've got 70 active homes which is up uh almost one and a half% month overmonth. We are looking at an average rental price which is pretty stagnant at 2095 although it's up year-over-year uh just over four and a half percent. Average days on market is 32 which is absolutely stellar for any market as uh especially if you're with a reputable property management company who's uh who's giving you some some good advice. You're definitely beating that average guaranteed. Your average price per square foot at 101.

  Now getting into the apartments and condos and then we've got town homes just below that. So apartments and condos we have 39 uh at a average rental rate of 1523. You know I'd love to see if that's continuing to tick up. I mean we're seeing a lot more apartments going up around us here in the McCordesville area uh with those and man when we hear about those rental rates they are they're so high. I know, man. To think that you're paying $18,900 for an apartment um is, man, it's mind-blowing. But anyway, I'm getting off off point here, but it's crazy. I I I would guarantee we're seeing those continuing to tick up um just about everywhere. So, uh $164 average price per square foot for your apartments.

  Now, getting into the town homes, you only have two. Uh 2,300 at your Man, that's right along with Fisers. I mean, Fischers was seeing a higher uh average rental price uh ahead of your single family homes and then you've got 122 days on the market. So, I'd be I mean, it's based on two two town homes. I mean, you take you take one of those off and that could that could, you know, dramatically reduce your average days on market. You got one stubborn owner who's not coming off that price. Like, we'll stay on the market for a year. I don't care. Uh but your average price per square foot for that town home, those two town homes is $1.25.

  Um your awesome graphs there uh there in the bottom. Now this is uh single family homes where you're seeing it actually trend line with what I would consider seasonality. Although you kind of see a little bit of the top of a bubble there as we're getting into June. We'll see what happens in July. make uh don't make any assumptions based on where you see that bullet point uh for July because that is only based on like one maybe two days of data. So it absolutely means nothing at this point. So uh we're going to stick our eyes right on June and that might be the uh the crevice of a of a of a bubble there. Uh we'll see what happens as we get into July numbers on the on the uh average rental price for single family homes. And then you've got your apartments and con homes and uh excuse me, apartments, condos, and your town homes graphs there for your consumption.

  Mike, anything you want to say about the rental market here in Noblesville?
  No, it looks solid. I mean, 32 days on the market, super respectable, super solid for for June. Kind of weird what happened last year, honestly, in like April, May, and June. Was kind of a soft little quarter there for some reason. But I mean, it spikes back up in in July to kind of peak in July. So, a little bit strange there, but no. Uh, this year everything everything looks good again. Just just a solid market. No.
  Yeah, you're right. A $300 dip.
  I know. Weird, right? I mean, like it like peaked in February for some reason, which is bizarre. Uh, then bottomed out in April and then spiked back up in in July. So, weird year last year. This year's looking a little bit more normal.
  Yeah, a little bit more normal with seasonality. Uh, and I would imagine it'll tick down as we get in uh closer to when schools are going to start, which is um all about seasonality. So, that's your rental market update. Let's get into the sales data.
  
  

  04:00 Noblesville June 2025 Market Report – Sales
  All right, let's see what this tell is telling us this month. Average days on market at 31. Now, we're up 40% month overmonth, up almost 11% year-over-year. Average price per square foot 186. That's also ticking up. Uh average sales price. Now we're seeing it kind of shift the other direction. A little bit surprising for me honestly. Noblesville is it's kind of like uh I don't know, it's the uh stubborn sister of Fisers sort of. Um you know, it's close enough to that market, but it's it just can't stay right in line with with Fisers with Fischer numbers. Uh but it's ticking down, and that's not what we were seeing in the Fischers area.

  So, uh, homes sold at 91 down month over month. Uh, is my voice sounding doom and gloom because these numbers average sales price is uh I mean now that that actually that line looks pretty consistent with what we were seeing. Almost looks the same as Fisers about the same. The the sales price over time that looks the same. I mean it just kind of up and then it just flatlined right. Yeah. Over the past three months.

  Was the average sales price on Fischers was it ticking down slightly as well? Maybe I messed that up.
  Uh, I think it was just flatlining. It was It looked almost, if I remember correctly, it almost looked exactly like this in terms of the trend line. Just flatline over the past three or four months.
  There you go. The only thing I know for sure that was not consistent with Fischer's market is the average days on market. I mean, you were seeing a stellar 18. Here you're seeing 31 ticking up 40%. So, um, yeah, I mean, 30 days on the market is is awesome even when you're on the sales market. So maybe this is a blip month. We'll see when we get into July.

  Anything else you want to add for this one?
  Uh no, it's just I mean maybe we're seeing a little bit of stalling, seeing some some results of of increased inventory. Um not the doom and gloom, I don't think, but it it's definitely a momentum shift for sure.
  No, definitely not doom and gloom, but buyers market. Buyers market. I've used that consistently. You you are the one who's used the doom and gloom. It's the buyers market coming and here we are. If you're interested in the Noblesville market, submit an offer just under uh asking price and uh thank me later.

  [Music]