Fishers tops list for stable housing markets

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SmartAsset, a New York financial technology firm, recently measured the average number of years people stay in their homes and the percentage of homeowners with negative equity. Fishers topped the list for most stable housing markets in Indiana.

The study considered four factors: stability, affordability, fluidity and risk of loss.

Stability was measured by the number of years people remain in their homes and the percentage of homeowners with negative equity. To measure risk, the study used the percentage of homes that decreased in value. To determine housing market fluidity, the study examined data on the average time a for-sale home in each area spent on the market. The study calculated affordability by determining the monthly cost of owning a home as a percentage of household income in each city.

For the full study, visit smartasset.com/mortgage/mortgage-calculator#Indiana/stability.

Rank

City

Average Years Living in Home

Avg. Homes with Negative Equity

Homes Decreasing in Value

Avg. Days on Market

Home Costs as % of Income

Stability Index

1

Fishers

19.4

7.9%

14.8%

0.0

16.6%

67.95

2

Bloomington

18.9

8.1%

11.2%

0.0

17.7%

66.59

3

Madison

20.8

12.5%

12.2%

0.0

17.7%

64.67

4

Plainfield

16.7

6.5%

13.9%

0.0

18.5%

63.89

5

Merrillville

21.5

15.5%

20.8%

0.0

19.6%

62.15

6

Dyer

17.3

8.7%

17.7%

0.0

18.0%

62.08

7

Greenwood

16.2

8.3%

15.3%

0.0

17.3%

60.38

8

Rensselaer

15.8

9.0%

0.0%

0.0

17.1%

58.60

9

Ellettsville

13.8

6.8%

0.0%

0.0

19.3%

57.11

10

Zionsville

13.6

6.8%

18.8%

0.0

18.1%

56.81


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