Zip 46231 (Indianapolis, IN) Housing

In 46231 Indianapolis, IN the median value of housing is $227,500. This is significantly lower than the US house median value of $338,100. The US 1 year house appreciation rate has been 8.27%, while in 46231 Indianapolis, IN the rate is 10.28%. This means that housing in 46231 Indianapolis, IN is appreciating at a faster rate than the national average, making it an attractive place to buy or invest in real estate.

The median home cost in Indianapolis (zip 46231) is $227,500. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Indianapolis (zip 46231) is up 17.3%.

Average Age of Homes

- The median age of Indianapolis (zip 46231) real estate is 16 years old

The Rental Market in Indianapolis (zip 46231)

- Renters make up 8.0% of the Indianapolis (zip 46231) population
- 0.9% of houses and apartments in Indianapolis (zip 46231), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Indianapolis, Indiana	United States
	3,579.0	139,647,020.0
	24	42
	$227,500	$338,100
	17.3%	16.6%
	67.7%	57.0%
	105.7%	101.1%
	$10.38	$10.98
	$1,523	$2,690
	79.7%	57.4%
	3.2%	11.2%
	17.0%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	2.4%	4.1%
Value of Owner-Occupied Housing
	2.0%	2.6%
	0.0%	2.4%
	0.5%	2.8%
	3.7%	3.9%
	7.4%	4.5%
	38.9%	11.3%
	30.1%	13.0%
	12.2%	20.1%
	0.9%	13.6%
	0.0%	8.3%
	4.0%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	43.4%	13.6%
	43.4%	13.6%
	17.7%	13.6%
	12.4%	13.2%
	8.1%	14.8%
	17.7%	13.6%
	4.6%	10.0%
	1.0%	4.7%
	6.3%	12.2%

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