The story of this market
The typical home in ZIP 46055 sells for about $405,000, or $165 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 46055 — McCordsville
The 46055 housing market remains stable with high demand for single-family homes, driven by strong school ratings and suburban growth. While inventory is tight, the market is seeing moderate price appreciation. Some figures, such as specific price-cut percentages, are estimated based on regional trends as exact ZIP-level data is not published.
This ZIP is ideal for family buyers seeking suburban space and quality schools, as well as commuters looking for a balance between Indianapolis accessibility and a quieter residential environment.
Median prices moved up 2.4% year over year.
Homes spend a median of 35 days on market with 3.2 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 1.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 46055, Hancock County IN
McCordsville generally reports low crime rates, consistent with suburban residential communities in the Indianapolis metropolitan area.
The area is served by highly-rated school districts, including Mt. Vernon Community School Corporation, which is a primary driver for family-oriented housing demand.
The region faces standard Midwestern climate risks, primarily severe thunderstorms and occasional wind events; flood risk is localized to specific drainage basins.
McCordsville is experiencing significant residential expansion and infrastructure investment, benefiting from its proximity to the Indianapolis employment core and regional logistics hubs.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents primarily commute via I-69 and local arterial roads toward Indianapolis, with typical drive times ranging from 25 to 40 minutes depending on traffic.
The area features several community parks, walking trails, and proximity to Geist Reservoir, offering diverse outdoor recreation and local shopping centers.
The rental market is characterized by high demand for single-family homes, with rent trajectories tracking regional growth and low vacancy pressure.
The local economy is supported by a mix of logistics, healthcare, and professional services, with strong ties to the broader Indianapolis labor market.
Transportation is primarily automobile-dependent, with major highway access via I-69 and SR 67 connecting to the Indianapolis metro area.
The town is actively pursuing a comprehensive development plan to manage rapid residential growth and expand commercial infrastructure.
The Hancock County Assessor manages property valuations, utilizing annual adjustments to reflect market trends.
Parcels are subject to levies from the Mt. Vernon Community School Corporation and local municipal service districts.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in central Indiana.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides boating, fishing, and scenic recreational opportunities.
Local community space for events and outdoor activities.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).