2 census tracts · pop 7,424 · pop-weighted Eviction Risk Score 4.2/10
· range 3.8–5.4
Watermark takes in 2 census tracts of Indianapolis, IN, population 7,424. Scored across those inputs it reaches 4.2/10, placing it in the Moderate tier. Average gross rent is $1,629, 41% above the Indianapolis average of $1,156.
89% of occupied units are rented, so comparables are plentiful and vacancy risk is low, but a mispriced renewal loses the tenant to a building two streets over. The strongest single driver of the headline number is tenant-organizing strength at 8.7/10. The voucher gap is 27.0%: households holding assistance that local rents will not absorb, which shows up as churn rather than arrears.
The 2 tracts inside this boundary do not behave alike. Individual scores run 3.8 to 5.4, a 1.6-point gap wide enough that the area average misleads on any specific address. The poverty rate is 25%, which shows up in this model as reduced rent-recovery odds after a judgment.
The severe-burden share is 17%. Those renters are past the 50% mark, and they miss rent for reasons that have nothing to do with willingness to pay. On the softer side is eviction-process difficulty, at 2.1/10. 36% of renters here are cost-burdened at the 30% threshold, higher than the Indianapolis rate of 30.4%.
On the high side is supply constraint at 7.7/10. That places it #35 of 76 neighborhoods in Indianapolis.
Annual rent works out to 22% of average household income of $87,699.
Underwrite the address, not the area: with 1.6 points between its best and worst tract, the per-tract table below is the operative number. Scores move when the ACS release, the court-record feed, or the statute ledger behind them moves.
Risk score
4.2
Moderate
2 tracts · population-weighted
Watermark vs IndianapolisHow this neighborhood stacks against the citywide average
Single-parent HH, disability, language barriers, age 17- / 65+
Racial/ethnic minority49%ile
Hispanic + non-white share of population
Housing & transport83%ile
Multi-unit structures, mobile homes, crowding, no vehicle
Eviction filings · Princeton Eviction Lab
Court-record eviction history in Watermark
Aggregated across 0 validated constituent tracts. Filing rate is filings per 100 renter households, pop-weighted.
Pandemic-era tracking (2020–2021)
1,134Total filings 2020-21
9.8Avg monthly observed
5.8Pre-pandemic baseline
2.01×Ratio to baseline
Pandemic filings ran above baseline. Tracked under Eviction Lab Eviction Tracking System (Indianapolis, IN).
CDC PLACES 2023 · pop-weighted
Eviction-adjacent indicators in Watermark
Average across all constituent tracts, population-weighted. Source: CDC PLACES (cwsq-ngmh) crude prevalence.
9.2%Housing insecurity
7.0%Utility shutoff threat
12.8%Food insecurity
6.5%SNAP enrollment
7.1%No health insurance
22.0%Any disability
Frequently asked
About Watermark
Q1
What is the eviction-risk score for Watermark?
Watermark scores 4.2/10 (Moderate tier) across 2 census tracts. The pop-weighted Eviction Risk Score blends state law, county filing rates, parent-city politics, and tract-specific rent-to-income and poverty signals.
Q2
How does Watermark compare to Indianapolis overall?
Watermark scores 0.2 points higher than Indianapolis overall (4/10). Renters spend 36% of income on rent vs 30% citywide. Average rent: $1,629 vs $1,156.
Q3
What is the average rent in Watermark?
Average gross rent in Watermark is $1,629/month (pop-weighted across 2 census tracts, ACS 5-year 2023). 36% of renter households are cost-burdened.
Q4
What percentage of Watermark residents are renters?
89% of Watermark households are renter-occupied (vs 44% in Indianapolis). The neighborhood has 7,424 residents.
Q5
Is Watermark a high social-vulnerability area?
Watermark sits in the 39th percentile nationally on the CDC Social Vulnerability Index (less vulnerable). The index combines poverty, unemployment, household composition, racial/ethnic minority share, and housing/transportation factors across all US census tracts.
Q6
Which tracts in Watermark have the highest eviction risk?
The highest-risk constituent tract in Watermark is census tract 18097391001 (score 5.4/10). Across the 2 tracts in this neighborhood the score ranges from 3.8 to 5.4, a spread of 1.6 points.
Q7
How safe is Watermark for landlords?
Watermark carries a moderate-tier eviction-risk profile for landlords (4.2/10). Pop-weighted across 2 constituent tracts, the score blends parent-city rent-control posture, county eviction-process timelines, and tract-specific rent-to-income / poverty signals. Compared to Indianapolis as a whole (4/10), this neighborhood is in line with the citywide level.
Q8
What is the demographic breakdown of Watermark?
Watermark has 7,788 residents. Top groups: White (non-Hispanic) (71.7%), Hispanic / Latino (10%), Asian (non-Hispanic) (9.8%). Source: ACS 5-year 2023, table B03002.
