Indianapolis vs New York
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Indianapolis has an edge
Indianapolis shows stronger fundamentals for buying with a 6-year break-even point.
Median Home PriceBETTER
$305,000
Median RentBETTER
$1,700/mo
Price-to-Rent RatioBETTER
15.0
Property Tax RateBETTER
0.85%
Price Change (1Y)BETTER
+4.5%
Price Change (5Y)BETTER
+22.0%
Break-Even YearsBETTER
6 years
10-Year Wealth DifferenceBETTER
+$35,000
Median Home Price
$760,000
Median Rent
$3,450/mo
Price-to-Rent Ratio
18.4
Property Tax Rate
1.72%
Price Change (1Y)
+3.3%
Price Change (5Y)
+21.0%
Break-Even Years
8 years
10-Year Wealth Difference
+$20,000
Key Differences
Home Prices
Indianapolis's median home price of $305,000 is lower than New York's $760,000 by 60%.
Monthly Rent
Renting in Indianapolis costs $1,700/mo compared to $3,450/mo in New York—a difference of $1,750/mo.
Buy vs Rent Verdict
Indianapolis favors buying, while New York favors either option.
Break-Even Timeline
Buying breaks even in 6 years in Indianapolis vs 8 years in New York.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.