Metropolitan Statistical Area (MSA):
Indianapolis-Carmel-Anderson, IN is a Metropolitan Statistical Area (MSA) comprising counties including .
The Indianapolis-Carmel-Anderson, IN metropolitan statistical area (MSA) is seeing some interesting trends in the housing market. For starters, home prices in the MSA have been on the rise for the past few years. In fact, according to Zillow, the median home value in the MSA is currently $183,600, which is up 5.8% from last year and up 13.5% from two years ago.
What's driving these increases in home values? One factor is that there has been an increase in demand for homes in the MSA. This is due to a number of factors, including population growth and an influx of people moving to the area from other parts of the country (particularly California).
Another factor that has contributed to rising home values is a decrease in the supply of homes on the market. This is due to a combination of things, including builders not keeping up with demand and people who own homes being reluctant to sell them (perhaps because they don't want to pay taxes on their profits).
Whatever the reasons for these trends, they are having a real impact on the housing market in Indianapolis-Carmel-Anderson. If you're thinking about buying a home in this area, you'll need to be prepared to pay more than you would have a few years ago. And if you're thinking about selling your home, now might be a good time to do it!