Quick facts: Fishers, IN

Quick Facts

105.7
Cost of Living
above US average
101,966
Population
8.36
Crime Rate per 1000
below US average
$126,548
Median Income
above US average
$359,000
Median House Price
above US average
$2216.63
Average Rent
above US average
5%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $126,548.

🏠

Income Needed to Buy

βœ“ Affordable
$113k/year
Based on $359,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($126,548) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$95k/year
Based on $2216.63/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($126,548) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fishers, IN

Fishers, Indiana, is a vibrant suburban community located in Hamilton County, just northeast of Indianapolis. Known for its family-friendly atmosphere, Fishers has experienced significant growth and development over the past few decades, transforming from a small town into a bustling city. The city boasts a wide array of parks, trails, and recreational facilities, including the popular Fishers Parks and the scenic Nickel Plate District, which features shopping, dining, and entertainment options. Fishers is home to a diverse population and offers top-notch schools within the Hamilton Southeastern School District. The city's annual events, such as the Fishers Freedom Fest and the Fishers Music Festival, foster a strong sense of community and attract visitors from the surrounding areas. With easy access to major highways and proximity to Indianapolis, residents enjoy a good balance of suburban living while being close to the amenities of a larger urban center. The local economy is thriving, with numerous businesses and an increasing number of tech companies making Fishers their home. Overall, Fishers is an attractive place for families and young professionals alike.

πŸ” Search & Compare Places

First Location πŸ“