BRRRR Investing in Indianapolis, IN
Data-driven brrrr analysis for Indianapolis, IN — score breakdown, key investment metrics, and how it compares to other markets.
Last updated: May 2026
Score Breakdown
Key Metrics for BRRRR
Median Price
$175,000
Affordable
Cap Rate
8.1%
Strong
Rent-to-Price
0.77%
Post-refi cash flow indicator
Pop. Growth
+3.2%
5-year trend
BRRRR Investment Thesis
Indianapolis is the top BRRRR market because it combines affordable prices with strong population growth. Distressed properties are widely available in neighborhoods like Fountain Square and Irvington, and the refinance appraisals support capital recovery because comparable renovated properties sell well.
How Indianapolis Compares
| Rank | City | BRRRR Score | Cap Rate | Median Price |
|---|---|---|---|---|
| #6 | Akron, OH | 6.1 | 8.6% | $100,000 |
| #7 | Birmingham, AL | 5.9 | 8.5% | $125,000 |
| #8 | Huntsville, AL | 5.9 | 7.1% | $260,000 |
| #9 | Indianapolis, IN | 5.8 | 8.1% | $175,000 |
| #10 | Little Rock, AR | 5.7 | 8.3% | $150,000 |
| #11 | Oklahoma City, OK | 5.7 | 7.7% | $175,000 |
| #12 | Tulsa, OK | 5.5 | 7.9% | $155,000 |
Showing markets ranked near Indianapolis for this strategy.
Quick Math: Estimated Annual Return
Based on median market data. Your actual returns will vary based on specific property, financing, and management costs. Always run your own analysis before investing.
Frequently Asked Questions
What is the brrrr score for Indianapolis, IN?
Indianapolis, IN scores 5.8 out of 10 on our brrrr score, ranking #9 out of 52 markets we track. Weighted composite: cap rate (30%), affordable entry price (25%), rent-to-price ratio (25%), population growth (20%). Scale 0–10.
Is Indianapolis a good city for brrrr investing?
Yes — Indianapolis, IN ranks in the top 10 for brrrr investing with a score of 5.8/10. Key factors include a median home price of $175,000, cap rate of 8.1%, and positive population growth of +3.2%.
What is the average cap rate in Indianapolis?
The average cap rate in Indianapolis, IN is 8.1%. The median home price is $175,000 with a median monthly rent of $1,350, resulting in a rent-to-price ratio of 0.77%.
What are the property taxes in Indianapolis?
The effective property tax rate in Indianapolis, IN is 0.84%. On a $175,000 property, that translates to approximately $1,470 per year in property taxes.
How does Indianapolis compare to other brrrr markets?
Among our 52 tracked markets, Indianapolis, IN ranks #9 for brrrr investing. It performs above average for this strategy.
What is the typical entry price for BRRRR deals in Indianapolis?
The median home price in Indianapolis, IN is $175,000. Distressed BRRRR-eligible properties typically sell for 60-70% of median value, putting estimated acquisition costs around $113,750. After rehab, the goal is to refinance at or near the full $175,000 after-repair value.
Run Your Own Numbers for Indianapolis
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