Indianapolis is ranked #8 in the top 15 Healthiest Housing Markets as ranked by Hanley Wood Market Intelligence.

As reported, "Builders are still pulling permits at a relatively healthy rate in Indianapolis, despite a virtually flat job market.  Unlike other major markets that have become multifamily-oriented, single family still accounts for two-thirds of home building activity.  Ultra-affordable housing accounts for some activity - the median price of a home here is only $117,900, making it one of the most affordable markets in the country.  Home prices have declined only 4.5% in the last year.   At the top of the market in 2005, builders in Indianapolis took down 15,619 permits, so activity is down 55 percent, slightly better than the national average.