Indianapolis Real Estate – Guaranteed Appreciation

Well, not quite but almost.  According the most recent PMI Risk Index there are some areas of the country where there is over a 99% chance that home prices will decline in the next two years.  However, Indianapolis along with several other metro areas in the country are at the complete opposite side of the spectrum.  According to this index, Indianapolis has less than 1% chance that home prices will be lower in the next two years.  That is a number worth betting on.

This really drives home the point that all real estate is local.  While some parts of the country are all but guaranteed to see declines in home prices, others are likely to see price increases in the same time frame. 

Here is the full list with their corresponding risk indexes:

    Rank   MSA                                                         Score
    1      Fort Lauderdale-Pompano Beach-Deerfield Beach; FL A          99.5
    1      Riverside-San Bernardino-Ontario; CA                         99.5
    1      Orlando-Kissimmee; FL                                        99.4
    1      Miami-Miami Beach-Kendall; FL                                99.3
    1      Tampa-St. Petersburg-Clearwater; FL                          99.0
    1      Las Vegas-Paradise; NV                                       98.5
    1      Los Angeles-Long Beach-Glendale; CA                          98.5
    1      Santa Ana-Anaheim-Irvine; CA                                 97.7
    1      Jacksonville; FL                                             97.5
    1      Phoenix-Mesa-Scottsdale; AZ                                  96.3
    1      Sacramento-Arden-Arcade-Roseville; CA                        96.3
    1      San Diego-Carlsbad-San Marcos; CA                            95.9
    1      Oakland-Fremont-Hayward; CA                                  94.4
    1      San Jose-Sunnyvale-Santa Clara; CA                           87.1
    1      Providence-New Bedford-Fall River; RI-MA                     72.4
    1      San Francisco-San Mateo-Redwood City; CA                     71.6
    3      Edison-New Brunswick; NJ                                     35.1
    3      Nassau-Suffolk; NY                                           29.4
    3      Washington-Arlington-Alexandria; DC-VA-MD-WV                 26.0
    3      Virginia Beach-Norfolk-Newport News; VA-NC                   25.4
    4      Detroit-Livonia-Dearborn; MI                                 17.8
    4      Minneapolis-St. Paul-Bloomington; MN-WI                      14.8
    4      Newark-Union; NJ-PA                                          14.4
    4      Baltimore-Towson; MD                                         10.1
    5      New York-White Plains-Wayne; NY-NJ                            9.8
    5      Boston-Quincy; MA                                             7.7
    5      Warren-Troy-Farmington Hills; MI                              7.3
    5      Portland-Vancouver-Beaverton; OR-WA                           6.4
    5      Chicago-Naperville-Joliet; IL                                 6.3
    5      Atlanta-Sandy Springs-Marietta; GA                            3.5
    5      Seattle-Bellevue-Everett; WA                                  2.3
    5      Philadelphia; PA                                              2.1
    5      Cambridge-Newton-Framingham; MA                               1.6
    5      Nashville-Davidson-Murfreesboro-Franklin; TN                  1.6
    5      Cleveland-Elyria-Mentor; OH                                   1.1
    5      St. Louis, MO-IL                                               <1
    5      Milwaukee-Waukesha-West Allis; WI                              <1
    5      Charlotte-Gastonia-Concord; NC-SC                              <1
    5      Cincinnati-Middletown; OH-KY-IN                                <1
    5      Denver-Aurora; CO                                              <1
    5      Columbus; OH                                                   <1
    5      Austin-Round Rock; TX                                          <1
    5      Kansas City; MO-KS                                             <1
    5      Indianapolis-Carmel; IN                                        <1
    5      Memphis, TN-MS-AR                                              <1
    5      San Antonio; TX                                                <1
           Pittsburgh; PA                                                 <1
    5      Houston-Sugar Land-Baytown; TX                                 <1
    5      Dallas-Plano-Irving; TX                                        <1
    5      Fort Worth-Arlington; TX                                       <1
 

If you are considering purchasing a home, you can clearly see that Indianapolis real estate falls into the very low risk category and would be a great place to purchase a home over the next few years.  IMHO, Carmel real estate will lead the pack along with the rest of Hamilton County. 

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