Home Values in Fishers, Indiana — 2026 Market Report
Updated March 2026 | Seller's Market | +5.6% YoY
The median home value in Fishers, Indiana is $365,000 as of March 2026, which is near the national median of $400,000. Home values in Fishers have increased by 5.6% over the past year and 31.3% over the last five years. With a population of 99,220 and a median household income of $102,250, the price-to-income ratio stands at 3.6x, making Fishers affordable for the average household.
Fishers Housing Market Conditions
| Metric | Fishers | National Avg |
|---|---|---|
| Median Home Value | $365,000 | $400,000 |
| YoY Appreciation | +5.6% | +3.8% |
| 5-Year Appreciation | +31.3% | +22.4% |
| Price per Sq Ft | $88 | $222 |
| Days on Market | 53 days | 45 days |
| Months of Supply | 2.5 | 3.5 |
| List-to-Sale Ratio | 97.9% | 98.5% |
| Monthly Homes Sold | 79 | — |
| Foreclosure Rate | 0.28% | 0.3% |
Home Value Trends in Fishers
A homeowner who purchased at the median price of $277,989 five years ago in Fishers would have gained approximately $87,011 in equity, representing a 31.3% return on investment. Over the past year alone, the typical homeowner gained $19,356 in home equity.
Affordability in Fishers, IN
With a median household income of $102,250 and a median home price of $365,000, the price-to-income ratio in Fishers is 3.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,769 compared to estimated monthly ownership costs of $1,993 gives a rent-vs-buy ratio of 0.72. In Fishers, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Fishers
The effective property tax rate in Indiana is 0.85%. On a home valued at $365,000, the estimated annual property tax bill is $3,103, or approximately $259/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Fishers is 97.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Fishers, IN?
The median home value in Fishers, Indiana is $365,000 as of March 2026. Home values have changed +5.6% over the past year, with a 5-year appreciation of 31.3%.
Is Fishers a buyer's or seller's market?
Fishers is currently a seller's market with 2.5 months of housing supply. Homes spend an average of 53 days on market, and the list-to-sale price ratio is 97.9%. Low inventory gives sellers an advantage.
Are home values going up in Fishers?
Yes, home values in Fishers have increased by 5.6% over the past year. The 5-year appreciation rate is 31.3%, meaning a home worth $277,989 five years ago is now worth $365,000.
Is it better to rent or buy in Fishers?
The average monthly rent in Fishers is $2,769, while estimated monthly homeownership costs are approximately $1,993. The price-to-rent ratio is 11. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Fishers, Indiana is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.