The story of this market
The typical home in ZIP 46234 sells for about $296,400, or $180 per square foot.
Prices are up +6.5% from a year ago, so sellers still have some momentum. Homes take about 20 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,000 a month.
ZIP 46234 — Indianapolis
The 46234 housing market is currently competitive with a median sale price of $296.4K and a stable sale-to-list ratio of 100%. Inventory remains tight at 32 active listings, which continues to support price growth. Figures for tax history and specific permit data were not available at the ZIP level.
This ZIP is well-suited for family buyers and commuters seeking suburban living with reasonable access to the Indianapolis metro area.
Median prices moved up 6.5% year over year.
Homes spend a median of 20 days on market with 2.5 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 7.5% — 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 7.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 46234, Marion County, IN
Schools in the area are generally rated as average, with performance varying by specific district and school level.
The area benefits from proximity to Indianapolis employment hubs and steady residential development.
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 primarily commute by car to downtown Indianapolis, with access to major highway corridors like I-465.
The area features local parks and proximity to suburban shopping centers and dining districts within a 3-mile radius.
The rental market shows solid demand with a median rent of $2,000, primarily driven by 3+ bedroom single-family home inventory.
The economy is anchored by the broader Indianapolis-Carmel-Greenwood metro area, with significant employment in healthcare, logistics, and professional services.
Parcels are subject to Marion County property tax levies and specific school district assessments.
Data retrieved from Census Reporter and US Census Bureau 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 Park4.51.9 mi
- Dave & Buster's Indianapolis3.914.9 mi
- Smiley Ocean Themed Adventure Park4.315.2 mi
- The Waterpark4.313.9 mi
- Sky Zone Trampoline Park4.316.2 mi
- Gainbridge Fieldhouse4.79.4 mi
- Lucas Oil Stadium4.79 mi
- Indianapolis Zoo4.58.1 mi
- Indianapolis Motor Speedway4.84.7 mi
- Indiana Convention Center4.69 mi
- The Children's Museum of Indianapolis4.78.7 mi
- Indianapolis Zoo4.58.1 mi
- Indianapolis Motor Speedway4.84.7 mi
- AMC Indianapolis 174.411.6 mi
- Eagle Creek Park4.74.7 mi
- The Children's Museum of Indianapolis4.78.7 mi
- Newfields4.77.3 mi
- Conner Prairie4.619.8 mi
- Indianapolis Motor Speedway Museum4.84.9 mi
- Indiana State Museum4.78.6 mi
- Newfields4.77.3 mi
- Eagle Creek Park4.74.7 mi
- White River State Park4.78.5 mi
- Holliday Park4.89.5 mi
- Garfield Park4.510.5 mi
- White River Yacht Club4.611.3 mi
- The Hangar4.99.4 mi
- Brickyard Crossing4.65.1 mi
- Saddlebrook Golf Club46 mi
- Southern Dunes Golf Course4.112.6 mi
- Coffin Golf Course3.76.5 mi
- Saraga International Grocery4.35.1 mi
- Meijer4.211 mi
- Meijer4.14 mi
- Meijer4.310 mi
- Indianapolis International Airport4.66 mi
- Flights Craft Bar & Kitchen3.96.4 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, boating, and nature areas nearby.
Major outdoor shopping and dining destination serving the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.