The story of this market
The typical home in ZIP 46074 sells for about $485,000, or $207 per square foot.
Prices are up +4.44% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,690 a month.
ZIP 46074 — Carmel
The housing market in 46074 remains strong, characterized by steady price appreciation and high demand for family-oriented housing. Low inventory levels relative to buyer interest continue to drive competitive conditions, particularly for new construction and move-in-ready homes.
This ZIP is ideal for families seeking high-quality schools and suburban amenities, as well as commuters who value a balance between modern residential living and access to the Indianapolis metro area.
Median prices moved up 4.4% year over year.
Homes spend a median of 42 days on market with 3.8 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 3.1% · poverty 5.1% — 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 6.9%/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 6.9%/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 46074, Hamilton County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Westfield generally reports low crime rates compared to the broader Indianapolis metropolitan area, maintaining a reputation as a safe, family-oriented community.
The area is served by the highly-rated Westfield-Washington Schools district, which is frequently recognized for academic excellence and strong student performance.
The region faces standard Midwestern climate risks, including occasional severe thunderstorms and wind events; flood risk is generally localized to specific drainage basins.
Westfield is experiencing significant economic momentum driven by its status as a premier sports-tourism destination and continued residential expansion on the northern Indianapolis fringe.
Property taxes in this jurisdiction are determined by the Hamilton County assessor based on assessed value, with rates influenced by local school district levies and municipal services.
Residents primarily rely on personal vehicles for commuting, with US-31 serving as the primary arterial corridor providing direct access to the Indianapolis employment core.
The area features extensive recreational amenities, including the Grand Park Sports Campus, numerous community parks, and a growing network of multi-use trails.
The rental market is characterized by moderate vacancy pressure and steady rent growth, supported by a mix of luxury apartment complexes and single-family rental inventory.
The local economy is anchored by sports tourism, healthcare, and professional services, with strong ties to the broader Indianapolis labor market.
Transportation infrastructure is heavily focused on highway connectivity, with US-31 and SR-32 serving as the primary corridors for regional mobility.
The city maintains an active development pipeline focused on master-planned residential communities and commercial expansion near the Grand Park corridor.
The Hamilton County Assessor manages property valuations, utilizing a market-based assessment system that is updated annually.
Parcels in this ZIP are subject to various special districts, including school district levies and potential municipal utility or drainage district assessments.
Property insurance premiums are generally stable, though the area is subject to standard regional adjustments based on severe weather risk profiles.
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.
- Slick City Action Park4.515.5 mi
- Dave & Buster's Indianapolis3.910.2 mi
- Smiley Ocean Themed Adventure Park4.310.1 mi
- Sky Zone Trampoline Park4.311.1 mi
- The Waterpark4.35.8 mi
- Gainbridge Fieldhouse4.717.9 mi
- Lucas Oil Stadium4.718.1 mi
- Indianapolis Zoo4.517.6 mi
- Indianapolis Motor Speedway4.815.8 mi
- Indiana State Fairgrounds & Event Center4.413.9 mi
- Conner Prairie4.69.2 mi
- Eagle Creek Park4.711.5 mi
- Pinheads & Alley’s Alehouse4.610.3 mi
- Holliday Park4.810.5 mi
- Royal Pin Woodland4.38.1 mi
- The Children's Museum of Indianapolis4.714.7 mi
- Newfields4.713.5 mi
- Conner Prairie4.69.2 mi
- Indianapolis Motor Speedway Museum4.816.1 mi
- Indiana State Museum4.717.5 mi
- Droplight Grand Park Sports Campus4.63.7 mi
- Conner Prairie4.69.2 mi
- Eagle Creek Park4.711.5 mi
- Holliday Park4.810.5 mi
- The Waterpark4.35.8 mi
- Morse Lake Marina4.39.9 mi
- White River Yacht Club4.69.6 mi
- Indianapolis Yacht Club4.615.1 mi
- SpeedWorx Marine - Docks & Lifts4.918.6 mi
- Topgolf Fishers4.511 mi
- Chatham Hills (The Club at Chatham Hills)4.65.2 mi
- Birdies Miniature Golf Course & Sports Bar4.32.9 mi
- Pebble Brook Golf Course & Grill4.36.4 mi
- Prairie View Golf Club4.58.6 mi
- Castleton Square4.210.4 mi
- The Fashion Mall at Keystone4.48.7 mi
- Meijer4.44 mi
- Macy's4.310.3 mi
- Indianapolis International Airport4.621.4 mi
- Flights Craft Bar & Kitchen3.920.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive 400-acre sports facility that serves as a major regional anchor for youth and adult athletics.
A major regional greenway providing pedestrian and cycling connectivity throughout the city.
A large community park featuring nature trails, playgrounds, and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.