Construction Value
$519.8M ▼ 24.4%
Units Permitted
1,823 ▼ 24.5%
Avg Value / Unit
$285K
2024 · Census Bureau Building Permits Survey
Construction activity in Indianapolis slowed in 2024, down 24.5% from the prior year with 1,823 housing units permitted. At $285K per unit, new builds are in line with the Marion County average of $268K. Volume is 2,045% above the county average of 85 units, suggesting faster-than-typical growth. 35.8% of new units were multi-family (apartments, condos, duplexes).
Housing Mixi
Development Densityi
Units per building permitted
Mostly single-family with some small multi-unit buildings.
Construction Intensityi
$587
per resident
County avg: $5K-88%
$1.4M
per square mile
Indianapolis vs. Marion County Averagei
Where the Money Goesi
Construction value by housing type (2024)
| Type | Units | Bldgs | Value | Share |
|---|---|---|---|---|
| ■ Single-Family | 1,170 | 1,170 | $407.3M | 78% |
| ■ Duplex | 14 | 7 | $6.2M | 1% |
| ■ 3-4 Unit | 18 | 5 | $3.2M | 1% |
| ■ 5+ Unit | 621 | 35 | $103.1M | 20% |
County Ranking by Construction Volume
Among 5 permit-issuing towns in Marion County
Historical trends, year-over-year analysis, and full permit history available with a paid plan. See products & pricing →