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Neighborhood · Indianapolis, IN

Watermark Eviction Risk: Moderate

2 census tracts · pop 7,424 · pop-weighted Eviction Risk Score 4.2/10 · range 3.9–5.2

Watermark is a white (non-hispanic) neighborhood in Indianapolis with 2 census tracts and a population of 7,424 residents. The neighborhood's pop-weighted eviction-risk score of 4.2/10 (Moderate tier) blends state law, county-level filing rates, parent-city politics, and tract-specific rent-to-income ratios + poverty. 36% of renters here pay at least 30% of household income on rent, and 17% are severely cost-burdened (≥50% of income). Average gross rent of $1,629/month sits 41% higher than the Indianapolis citywide average ($1,156).

Risk score
4.2
Moderate
2 tracts · population-weighted
Watermark vs Indianapolis How this neighborhood stacks against the citywide average
% of income on rent
36.2% +19%
Indianapolis: 30.4%
Average gross rent
$1,629 +41%
Indianapolis: $1,156
Average HH income
$87,699 +39%
Indianapolis: $62,995
Poverty rate
25.2% +61%
Indianapolis: 15.7%
Renter share
89.1% +103%
Indianapolis: 44.0%
Peer neighborhoods

Neighborhoods with similar eviction risk

Same county, closest by Eviction Risk Score.

Geographic context

Risk heat across Watermark and the region

Click any tract to drill in · 2 tracts span score 3.9–5.2

Why Watermark scores 4.2

9 axes · pop-weighted · 1 = landlord-friendly
State political climate
legislature & governorship · Range 2.0–2.0 across tracts
2.0
Regional political climate
County-level mix · 2024 presidential margin · Range 6.5–6.5 across tracts
6.5
Local political climate
Parent city governance · Range 6.8–6.8 across tracts
6.8
Rent control risk
36% of income on rent · Range 6.6–6.6 across tracts
6.6
Eviction process difficulty
State notice requirements & court backlog · Range 2.1–2.1 across tracts
2.1
Tenant organizing strength
89% renter households · Range 8.7–8.7 across tracts
8.7
Housing court bias
County bench composition · Range 6.8–6.8 across tracts
6.8
Economic stress
25.2% below poverty line · Range 5.0–10.0 across tracts
6.1
Supply constraint
Rent-to-FMR gap & zoning friction · Range 5.3–8.4 across tracts
7.7
Risk score comparison

Watermark vs. parent city, state, U.S.

Eviction Risk Score (0–10 scale).

Watermark score vs. parent city, state, U.S.Watermark: 4.24.2WatermarkNeighborhoodParent city: 2.72.7Parent cityhost cityState: 2.42.4Stateavg in stateU.S.: 4.74.7U.S.national avgU.S. avg = 5.0
Census tracts

2 tracts in Watermark

Ranked highest-risk first. Click for per-tract detail.

Tract Score Pop % over 30% on rent Average rent
18097391001 5.2 1,689 40% $1,323
18097391002 3.9 5,735 35% $1,719
Social Vulnerability Index

CDC SVI percentile: 39

Pop-weighted across 2 tracts. Higher = more vulnerable to disaster, displacement, and rent shocks. Source: CDC/ATSDR SVI 2022.

Socioeconomic status 57%ile
Poverty, unemployment, no-HS-diploma, housing cost burden
Household characteristics 1%ile
Single-parent HH, disability, language barriers, age 17- / 65+
Racial/ethnic minority 49%ile
Hispanic + non-white share of population
Housing & transport 83%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.

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 1.5 points higher than Indianapolis overall (2.7/10). 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 5.2/10). Across the 2 tracts in this neighborhood the score ranges from 3.9 to 5.2, a spread of 1.3 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 (2.7/10), this neighborhood is higher-risk.
Q8

What is the demographic breakdown of Watermark?

Watermark has 7,788 residents (White (non-Hispanic) Neighborhood). Top groups: White (non-Hispanic) (71.7%), Hispanic / Latino (10%), Asian (non-Hispanic) (9.8%). Source: ACS 5-year 2023, table B03002.
Nearby

Other neighborhoods near Watermark

Sibling neighborhoods

Other neighborhoods inside Indianapolis

Same parent city, ranked by score similarity to Watermark.

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