Population Forecast

5 year Forecast - 2.8%

The current population of the Indianapolis, IN Market is 3,233,030 as of the July 2024 PopStats estimate. PopStat’s Trend models indicate a 5 year population change of 2.8%, resulting in a Population of 3,322,179 by July 2029. This percentage change in Population ranks 77th across STI Markets. The Indianapolis, IN Market currently ranks 28th in overall population, and will rank 27th by July 2029.

Market Comparison Map - 5 Year Change

5 year Forecast Market Map

Figure 71: 5 year Forecast Market Map

5 Year forecast by Census Tract

5 Year Percentage Change Thematic

Figure 72: 5 Year Percentage Change Thematic

High and Low Range - 0.5% to 11.6%

While the summation of mid range 5 year forecasts foresee a change in Population of 2.8% for Indianapolis, IN Market. The forecast high ranges of these forecasts leaves open the possibility for a Population change as high as 11.6% at 3,609,118. Similarly a population change as low as 0.5% at 3,249,556 is not without possibility.

Population Trend and Forecast

Figure 73: Population Trend and Forecast

Historical Trend and Forecast

Population Long Trend and Forecast

Figure 74: Population Long Trend and Forecast

10 year Projections - 5.9%

By July 2034 we project the Population of the Indianapolis, IN Market to be 3,422,713 resulting in a change of 5.9% compared to the current Population. This projected percentage change in Population ranks 77th across STI Markets. The Indianapolis, IN Market currently ranks 28th in overall population, and will rank 26th by July 2034.

10 year Projections by Census Tract

10 Year Percentage Change Thematic

Figure 75: 10 Year Percentage Change Thematic