Renew Indianapolis works with the Indianapolis Department of Metropolitan Development (DMD) to set prices on properties currently offered for sale.
Properties start at $3,500 and go up from there. A number of city-owned properties in higher-value areas are priced closer to the fair market value. Check the price listing for each property to verify.
Future Development Lot program
Properties start at $750 for all qualified properties under the Future Development Lot (FDL) program.
renew Indianapolis owned properties
Beginning in 2018, Renew Indianapolis has begun to acquire former Real Estate Owned (REO) properties. These properties are sold through the same application process as our other properties but the price varies.
Notes on Pricing
These prices do not include closing costs, which are paid by the buyer. Closing costs can vary but historically for our properties they have been around $1,000. Properties without quiet title may require either a full quiet title suit or additional title insurance to insure over legacy tax sale artifacts.