The story of this market
The typical home in ZIP 46203 sells for about $210,000, or $135 per square foot.
Prices are roughly flat from a year ago (-0.97%), a market in balance. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,111 a month.
ZIP 46203 — Indianapolis
The 46203 housing market is currently experiencing a cooling trend with year-over-year price declines and high vacancy rates. While entry-level price points remain accessible, the market faces challenges from high inventory and a significant share of price reductions. Data for specific metrics like tax history and permit activity were not available at the ZIP level.
This ZIP is primarily suited for local investors and budget-conscious buyers seeking entry-level housing near the Indianapolis urban core.
Median prices moved down 1.0% year over year.
Homes spend a median of 25 days on market with 3.2 months of supply — a fast-moving market.
38% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 21.4% — a mixed stability profile.
versus the prior ACS vintage
ZCTA 46203, Marion County, Indiana
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.
The ZIP offers relatively direct access to downtown Indianapolis via major arterial roads and I-65/I-70 corridors.
The area features proximity to local parks and the cultural amenities of the near-southeast side of Indianapolis.
The rental market shows high vacancy pressure at approximately 18.8%, with rents averaging $1,536 per month.
The local economy is anchored by the broader Indianapolis metro industrial and service sectors.
Served by IndyGo bus routes with connectivity to the downtown employment hub.
Parcels are subject to Indianapolis Public Schools and Marion County municipal taxing districts.
Data retrieved from Census Reporter and Data Commons.
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 Park4.513.5 mi
- Dave & Buster's Indianapolis3.912 mi
- Smiley Ocean Themed Adventure Park4.312.3 mi
- Sky Zone Trampoline Park4.312.4 mi
- The Waterpark4.314.7 mi
- Gainbridge Fieldhouse4.72.6 mi
- Lucas Oil Stadium4.72.8 mi
- Indianapolis Zoo4.53.7 mi
- Indianapolis Motor Speedway4.87.2 mi
- Indiana Convention Center4.62.9 mi
- The Children's Museum of Indianapolis4.75.4 mi
- Indianapolis Zoo4.53.7 mi
- Indianapolis Motor Speedway4.87.2 mi
- AMC Indianapolis 174.43 mi
- Indianapolis Motor Speedway Museum4.87 mi
- The Children's Museum of Indianapolis4.75.4 mi
- Newfields4.77 mi
- Conner Prairie4.617.7 mi
- Indianapolis Motor Speedway Museum4.87 mi
- Indiana State Museum4.73.3 mi
- Newfields4.77 mi
- Fort Harrison State Park4.710.5 mi
- White River State Park4.73.3 mi
- Holliday Park4.89.5 mi
- Garfield Park4.51.5 mi
- The Fort Golf Resort4.410.5 mi
- The Hangar4.92.5 mi
- Golf Galaxy3.912.2 mi
- Brickyard Crossing4.66.7 mi
- Southern Dunes Golf Course4.18 mi
- Castleton Square4.212.2 mi
- Greenwood Park Mall4.47.2 mi
- The Fashion Mall at Keystone4.412.2 mi
- Saraga International Grocery4.37.9 mi
- Meijer4.28 mi
- Indianapolis International Airport4.69.7 mi
- Flights Craft Bar & Kitchen3.97.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional park featuring a conservatory and sunken gardens.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).