{"id":3963,"date":"2022-04-28T14:49:00","date_gmt":"2022-04-28T14:49:00","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=3963"},"modified":"2023-09-13T11:10:10","modified_gmt":"2023-09-13T11:10:10","slug":"indianapolis-housing-market-april-2022","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-housing-market-april-2022\/","title":{"rendered":"Indianapolis Housing\u00a0Market &#8211; April 2022"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Consistent Progress In Central Indiana<\/h2>\n\n\n\n<p><strong><a href=\"https:\/\/www.yardimatrix.com\/blog\/indianapolis-multifamily-market-report-fall-2021\/\">Indianapolis multifamily shows fresh signs of improvement<\/a><\/strong>, with the metro spared by the worst effects of the health crisis. The <strong>average rent was up 0.8%<\/strong> on a trailing three-month (T3) basis through February, to $1,121. While growth stood 20 basis points above the U.S. average, rates have continued their decelerating trajectory since the 1.2% peak of August last year, in line with seasonal trends. On a year-over-year basis, rates were up 12.9% as of February, below the record 15.4% national average but levels above what the metro recorded before the pandemic.<\/p>\n\n\n\n<p><strong>Indianapolis\u2019 unemployment rate dropped<\/strong> to its lowest level in a decade, down to 1.2% according to preliminary December data from the Bureau of Labor Statistics. The employment market added 33,800 jobs for a 2.7% uptick last year. All sectors recorded gains, apart from information, which lost 100 positions for a 0.8% decrease. In December, Elanco Animal Health Inc. announced plans to break ground on the company\u2019s new $100 million headquarters on the site of the former General Motors Stamping Plant, west of the metro\u2019s downtown area.<\/p>\n\n\n\n<p><strong>A total of 2,453 units came online across Indianapolis last year,<\/strong> nearly on par with 2020 but below the decade high of 3,349 apartments completed in 2017. As of February, the metro had an additional 4,968 units underway.<\/p>\n\n\n\n<p>Read the full <strong><a href=\"https:\/\/www.yardimatrix.com\/Publications\/Download\/File\/2000-MatrixMultifamilyIndianapolisReport-April2022\">Matrix Multifamily Indianapolis Report-April 2022<\/a><\/strong><\/p>\n\n\n\n<div style=\"height:45px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Consistent Progress In Central Indiana Indianapolis multifamily shows fresh signs of improvement, with the metro spared by the worst effects of the health crisis. The average rent was up 0.8% on a trailing three-month (T3) basis through February, to $1,121. While growth stood 20 basis points above the U.S. average, rates have continued their decelerating [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":3964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[8,444],"class_list":["post-3963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-indianapolis","tag-multifamily-outlook-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indianapolis Housing\u00a0Market - April 2022 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Indianapolis multifamily shows fresh signs of improvement, with the metro spared by the worst effects of the health crisis.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/indianapolis-housing-market-april-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indianapolis Housing\u00a0Market - April 2022\" \/>\n<meta property=\"og:description\" content=\"Indianapolis multifamily shows fresh signs of improvement, with the metro spared by the worst effects of the health crisis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/indianapolis-housing-market-april-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-28T14:49:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-13T11:10:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/05\/Indianapolis-iStock-1362097633.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Doug Ressler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Indianapolis Housing\u00a0Market - April 2022 - Yardi Matrix Blog","description":"Indianapolis multifamily shows fresh signs of improvement, with the metro spared by the worst effects of the health crisis.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-housing-market-april-2022\/","og_locale":"en_US","og_type":"article","og_title":"Indianapolis Housing\u00a0Market - April 2022","og_description":"Indianapolis multifamily shows fresh signs of improvement, with the metro spared by the worst effects of the health crisis.","og_url":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-housing-market-april-2022\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2022-04-28T14:49:00+00:00","article_modified_time":"2023-09-13T11:10:10+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2022\/05\/Indianapolis-iStock-1362097633.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Doug Ressler","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-housing-market-april-2022\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/indianapolis-housing-market-april-2022\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Indianapolis Housing\u00a0Market &#8211; 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