The story of this market
The typical home in ZIP 46228 sells for about $285,000, or $162 per square foot.
Prices are up +2.3% 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 $1,260 a month.
ZIP 46228 — Indianapolis
The 46228 housing market shows steady appreciation and moderate inventory levels, reflecting broader stability in the Indianapolis metro area. Demand remains supported by a solid local economy and relative affordability compared to national averages. Buyers are active, though the market remains sensitive to interest rate fluctuations.
This ZIP is well-suited for family buyers and commuters seeking a balance between suburban living and access to the Indianapolis employment core.
Median prices moved up 2.3% year over year.
Homes spend a median of 42 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 8.3% — 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 6.3%/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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 46228, Marion 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.
The area benefits from proximity to Indianapolis employment hubs and ongoing residential development, though specific major corporate projects within the ZIP are not currently published.
Property taxes are assessed by Marion County based on local millage rates; exemptions for homesteads are available under Indiana state law.
Residents typically commute via I-65 or I-465 to reach downtown Indianapolis, with average commute times reflecting typical suburban-to-urban traffic patterns.
The area features access to local parks and green spaces, with proximity to broader Indianapolis shopping and dining districts within a short drive.
The rental market is characterized by steady demand from commuters and families, with moderate vacancy pressure and a mix of single-family and multi-family offerings.
The economy is anchored by the broader Indianapolis metropolitan area, with significant employment in healthcare, logistics, and government sectors.
Served by major highway corridors including I-65 and I-465, facilitating regional connectivity.
Development is primarily focused on residential infill and suburban expansion.
Marion County Assessor manages property valuations based on annual market adjustments.
Parcels are subject to Indianapolis Public Schools and Marion County municipal service districts.
Standard property insurance market with typical Midwest hazard exposure.
Data retrieved from US Census Bureau and Indiana Demographics by Cubit.
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 Park4.57.3 mi
- Dave & Buster's Indianapolis3.98.3 mi
- Smiley Ocean Themed Adventure Park4.38.5 mi
- Sky Zone Trampoline Park4.39.5 mi
- The Waterpark4.37.8 mi
- Gainbridge Fieldhouse4.76.9 mi
- Lucas Oil Stadium4.76.9 mi
- Indianapolis Zoo4.56.2 mi
- Indianapolis Motor Speedway4.84.2 mi
- Indiana Convention Center4.66.7 mi
- The Children's Museum of Indianapolis4.74.1 mi
- Indianapolis Zoo4.56.2 mi
- Indianapolis Motor Speedway4.84.2 mi
- AMC Indianapolis 174.411 mi
- Eagle Creek Park4.74.7 mi
- The Children's Museum of Indianapolis4.74.1 mi
- Newfields4.72.4 mi
- Conner Prairie4.613.3 mi
- Indianapolis Motor Speedway Museum4.84.5 mi
- Indiana State Museum4.76.3 mi
- Newfields4.72.4 mi
- Eagle Creek Park4.74.7 mi
- Fort Harrison State Park4.710.3 mi
- White River State Park4.76.4 mi
- Holliday Park4.82.8 mi
- White River Yacht Club4.64.7 mi
- The Fort Golf Resort4.410.7 mi
- The Hangar4.97.1 mi
- Prairie View Golf Club4.512.4 mi
- Golf Galaxy3.98.4 mi
- Brickyard Crossing4.64.6 mi
- Castleton Square4.28.7 mi
- The Fashion Mall at Keystone4.46.9 mi
- Saraga International Grocery4.32.6 mi
- Meijer4.48.9 mi
- Macy's4.38.7 mi
- Indianapolis International Airport4.610.2 mi
- Flights Craft Bar & Kitchen3.99 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large municipal park offering trails, water activities, and nature preserves.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.