The story of this market
The typical home in ZIP 46204 sells for about $345,000, or $250 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 76 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,638 a month.
ZIP 46204 — Indianapolis
The 46204 housing market is currently characterized as a buyer's market with stable pricing and moderate inventory levels. High demand for urban living is balanced by a significant supply of multi-family and apartment-style housing, keeping price growth modest compared to broader regional trends.
This ZIP is ideal for young professionals, urban commuters, and renters who prioritize proximity to downtown employment, nightlife, and cultural amenities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 76 days on market with 1.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 97.3% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.6% · poverty 19.3% — 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 0.6%/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 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46204, Marion County, Indiana
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools serving the area include Center for Inquiry School 2 (7/10), Arlington Community Middle School (2/10), and Crispus Attucks Medical Magnet High School (4/10).
The area is the central business district of Indianapolis, featuring significant mixed-use, office, and residential development activity.
Property taxes are assessed by Marion County; rates are subject to local government levies and state-mandated caps on residential property tax bills.
As the downtown core, the area offers high walkability and immediate access to major employment hubs, with a mean commute time of approximately 19.4 minutes.
The area features proximity to downtown parks, cultural amenities, and extensive dining and shopping districts within the Indianapolis city center.
The rental market is robust with a high concentration of multi-family assets and professional management, reflecting the area's urban density.
The economy is anchored by government, healthcare, finance, and professional services, serving as the primary employment center for the Indianapolis metropolitan area.
The area is the hub for IndyGo bus transit and provides easy access to major interstate corridors including I-65 and I-70.
Development is focused on high-density residential and commercial infill within the Central Business District.
The Marion County Assessor manages property valuations for tax purposes.
Parcels are subject to Indianapolis city-county consolidated government levies and specific downtown tax increment financing districts.
Data sourced from SimpleMaps US Zips Comprehensive Database and Census ACS.
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 Park4.510.9 mi
- Dave & Buster's Indianapolis3.910.4 mi
- Smiley Ocean Themed Adventure Park4.310.6 mi
- Sky Zone Trampoline Park4.311 mi
- The Waterpark4.312.4 mi
- Gainbridge Fieldhouse4.70.5 mi
- Lucas Oil Stadium4.70.9 mi
- Indianapolis Zoo4.51.4 mi
- Indianapolis Motor Speedway4.84.6 mi
- Indiana Convention Center4.60.6 mi
- The Children's Museum of Indianapolis4.72.7 mi
- Indianapolis Zoo4.51.4 mi
- Indianapolis Motor Speedway4.84.6 mi
- AMC Indianapolis 174.44.8 mi
- Eagle Creek Park4.710.3 mi
- The Children's Museum of Indianapolis4.72.7 mi
- Newfields4.74.1 mi
- Conner Prairie4.616.2 mi
- Indianapolis Motor Speedway Museum4.84.4 mi
- Indiana State Museum4.70.8 mi
- Newfields4.74.1 mi
- Eagle Creek Park4.710.3 mi
- Fort Harrison State Park4.79.8 mi
- White River State Park4.70.9 mi
- Holliday Park4.86.9 mi
- The Fort Golf Resort4.49.9 mi
- The Hangar4.90.8 mi
- Golf Galaxy3.910.6 mi
- Brickyard Crossing4.64.1 mi
- Southern Dunes Golf Course4.19.2 mi
- Castleton Square4.210.6 mi
- Greenwood Park Mall4.49.7 mi
- The Fashion Mall at Keystone4.410.2 mi
- Saraga International Grocery4.35 mi
- Indianapolis International Airport4.68.5 mi
- Flights Craft Bar & Kitchen3.96.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The primary commercial and entertainment hub of the city.
A world-class urban bike and pedestrian path connecting downtown districts.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.