The story of this market
The typical home in ZIP 46214 sells for about $234,561, or $145 per square foot.
Prices are down 1.1% from a year ago, which gives buyers more room to negotiate. Homes take about 26 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,196 a month.
ZIP 46214 — Indianapolis
The 46214 housing market is showing signs of stabilization after a period of rapid inventory growth, with home values remaining relatively flat year-over-year. While supply has increased significantly, demand remains steady, supported by the area's affordability and proximity to major employment hubs. Buyers are currently benefiting from more options and a cooling price environment compared to previous years.
This ZIP code is well-suited for first-time homebuyers, families seeking affordable suburban housing, and commuters working in the logistics or airport sectors who prioritize accessibility to major highway arteries.
Median prices moved down 1.1% year over year.
Homes spend a median of 26 days on market with 3.2 months of supply — a fast-moving market.
22% 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 4.1% · poverty 13.3% — 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 8.2%/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 7.7%/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 46214, Marion County IN
Crime rates in the 46214 area are generally higher than the national average, with property crime being the most frequently reported issue in this suburban Indianapolis sector.
Schools serving the 46214 ZIP code are primarily part of the Metropolitan School District of Wayne Township, which receives mixed performance ratings across its elementary and secondary campuses.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional high winds, with localized flood risks in low-lying areas near Eagle Creek.
Economic momentum is driven by proximity to the Indianapolis International Airport and logistics hubs, with ongoing residential infill and commercial redevelopment along the Rockville Road corridor.
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 benefit from direct access to I-465 and US-36, providing a straightforward commute to downtown Indianapolis, typically ranging from 20 to 30 minutes depending on traffic.
The area features proximity to Eagle Creek Park, one of the largest municipal parks in the country, offering extensive trails, a reservoir for boating, and various outdoor recreational facilities.
The rental market is characterized by steady demand from commuters and airport-area employees, with a mix of apartment complexes and single-family rental homes maintaining moderate vacancy rates.
The local economy is heavily influenced by the logistics, transportation, and warehousing sectors due to the proximity of the Indianapolis International Airport and major interstate junctions.
The area is served by a network of arterial roads and is highly dependent on private vehicle transportation, with limited public transit connectivity to the downtown core.
Development is focused on the revitalization of older commercial strips and the expansion of industrial capacity on the western edge of the county.
The Marion County Assessor manages property valuations, with assessments conducted annually to reflect market changes.
Parcels are subject to Wayne Township taxing districts, including the Metropolitan School District of Wayne Township and various municipal service districts.
Property insurance premiums are influenced by the area's exposure to severe weather events, though it is not considered a high-risk zone for major natural disasters.
Data retrieved from Census Reporter and data.census.gov ZCTA profiles.
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 Park4.54.6 mi
- Dave & Buster's Indianapolis3.914.5 mi
- Smiley Ocean Themed Adventure Park4.314.8 mi
- The Waterpark4.314.3 mi
- Sky Zone Trampoline Park4.315.6 mi
- Gainbridge Fieldhouse4.77.2 mi
- Lucas Oil Stadium4.76.8 mi
- Indianapolis Zoo4.55.9 mi
- Indianapolis Motor Speedway4.83.1 mi
- Indiana Convention Center4.66.8 mi
- The Children's Museum of Indianapolis4.77.3 mi
- Indianapolis Zoo4.55.9 mi
- Indianapolis Motor Speedway4.83.1 mi
- AMC Indianapolis 174.49 mi
- Eagle Creek Park4.76.5 mi
- The Children's Museum of Indianapolis4.77.3 mi
- Newfields4.76.4 mi
- Conner Prairie4.619.8 mi
- Indianapolis Motor Speedway Museum4.83 mi
- Indiana State Museum4.76.4 mi
- Newfields4.76.4 mi
- Eagle Creek Park4.76.5 mi
- White River State Park4.76.3 mi
- Holliday Park4.89.2 mi
- Garfield Park4.58.1 mi
- The Hangar4.97.1 mi
- Brickyard Crossing4.63.3 mi
- Southern Dunes Golf Course4.110.1 mi
- Saddlebrook Golf Club46.1 mi
- Sarah Shank Golf Course4.19.8 mi
- Saraga International Grocery4.34.3 mi
- Meijer4.210.2 mi
- Indianapolis International Airport4.64 mi
- Flights Craft Bar & Kitchen3.93.8 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 municipal park featuring a reservoir, hiking trails, and a nature center.
A major commercial corridor providing diverse dining, grocery, and retail options.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).