The story of this market
The typical home in ZIP 46235 sells for about $229,000, or $145 per square foot.
Prices are down 5.65% from a year ago, which gives buyers more room to negotiate. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $973 a month.
ZIP 46235 — Indianapolis
The housing market in 46235 is currently experiencing a cooling trend with median listing prices declining year-over-year. High poverty rates and a competitive market environment characterize the area, with limited data available for specific metrics like property tax rates or detailed school performance.
This area is primarily suited for families and individuals seeking more affordable housing options relative to the broader Indianapolis metro area.
Median prices moved down 5.7% year over year.
Homes spend a median of 48 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.9% · poverty 21.0% — a mixed stability profile.
ZCTA 46235, 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 mean commute time for residents in this ZIP code is approximately 27.9 minutes.
The median rental price is approximately $1,800 per month, showing a slight year-over-year increase of 0.68%.
The local economy is integrated into the broader Indianapolis-Carmel-Greenwood metropolitan area.
Data retrieved from Census Reporter and United States Zip Codes.
- Slick City Action Park4.518.8 mi
- Dave & Buster's Indianapolis3.96.7 mi
- Smiley Ocean Themed Adventure Park4.36.8 mi
- Sky Zone Trampoline Park4.36 mi
- The Waterpark4.311.2 mi
- Gainbridge Fieldhouse4.710 mi
- Lucas Oil Stadium4.710.5 mi
- Indianapolis Zoo4.511 mi
- Indianapolis Motor Speedway4.813.2 mi
- Indiana Convention Center4.610.2 mi
- The Children's Museum of Indianapolis4.79 mi
- Indianapolis Zoo4.511 mi
- Conner Prairie4.610.6 mi
- AMC Indianapolis 174.412.5 mi
- Tuttle Orchards4.77.3 mi
- The Children's Museum of Indianapolis4.79 mi
- Newfields4.710.3 mi
- Conner Prairie4.610.6 mi
- Indianapolis Motor Speedway Museum4.813.2 mi
- Indiana State Museum4.710.5 mi
- Newfields4.710.3 mi
- Conner Prairie4.610.6 mi
- Fort Harrison State Park4.72.8 mi
- White River State Park4.710.6 mi
- Holliday Park4.89.5 mi
- Indianapolis Yacht Club4.67.2 mi
- Topgolf Fishers4.58.7 mi
- Prairie View Golf Club4.510.3 mi
- The Fort Golf Resort4.42.3 mi
- The Hangar4.910.2 mi
- Golf Galaxy3.96.8 mi
- Castleton Square4.26.5 mi
- The Fashion Mall at Keystone4.48.4 mi
- Saraga International Grocery4.312.6 mi
- Meijer4.412.9 mi
- Macy's4.36.6 mi
- Indianapolis International Airport4.618.2 mi
- Flights Craft Bar & Kitchen3.915.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).