The housing market in 46227 Indianapolis, IN is doing well. The median value of homes in this area is $208,600, which is significantly lower than the US median value of $338,100. Additionally, the one-year house appreciation rate in 46227 Indianapolis is 10.28%, which is higher than the US one-year house appreciation rate of 8.27%. This suggests that housing prices in this area are continuing to climb and could make for a good investment opportunity.
The median home cost in Indianapolis (zip 46227) is $208,600. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Indianapolis (zip 46227) is up 17.3%.
Average Age of Homes
- The median age of Indianapolis (zip 46227) real estate is 48 years old
The Rental Market in Indianapolis (zip 46227)
- Renters make up 49.6% of the Indianapolis (zip 46227) population
- 2.4% of houses and apartments in Indianapolis (zip 46227), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.