The story of this market
The typical home in ZIP 46240 sells for about $385,000, or $244 per square foot.
Prices are up +1.2% from a year ago, so sellers still have some momentum. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $1,311 a month.
ZIP 46240 — Indianapolis
The 46240 housing market shows a median listing price of $385,000 with 111 active listings. Home values have seen a modest year-over-year increase of 1.2%. Market activity is characterized by a median of 51 days on market.
Median prices moved up 1.2% year over year.
Homes spend a median of 51 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 3.6% · poverty 8.6% — a stable, low-distress profile.
ZCTA 46240, 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.
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.
Data retrieved from U.S. Census Bureau and ZipCodes.org
- Slick City Action Park4.512.5 mi
- Dave & Buster's Indianapolis3.93.4 mi
- Smiley Ocean Themed Adventure Park4.33.5 mi
- Sky Zone Trampoline Park4.34.7 mi
- The Waterpark4.32.6 mi
- Gainbridge Fieldhouse4.710.3 mi
- Lucas Oil Stadium4.710.6 mi
- Indianapolis Zoo4.510.3 mi
- Indianapolis Motor Speedway4.89.6 mi
- Indiana Convention Center4.610.3 mi
- The Children's Museum of Indianapolis4.77.1 mi
- Indianapolis Zoo4.510.3 mi
- Indianapolis Motor Speedway4.89.6 mi
- Conner Prairie4.67.6 mi
- Eagle Creek Park4.78.9 mi
- The Children's Museum of Indianapolis4.77.1 mi
- Newfields4.76.5 mi
- Conner Prairie4.67.6 mi
- Indianapolis Motor Speedway Museum4.89.9 mi
- Indiana State Museum4.710.1 mi
- Droplight Grand Park Sports Campus4.610.4 mi
- Newfields4.76.5 mi
- Conner Prairie4.67.6 mi
- Eagle Creek Park4.78.9 mi
- Fort Harrison State Park4.76.9 mi
- Morse Lake Marina4.313.7 mi
- White River Yacht Club4.61.5 mi
- Indianapolis Yacht Club4.610.7 mi
- Topgolf Fishers4.57.7 mi
- Chatham Hills (The Club at Chatham Hills)4.611.7 mi
- Birdies Miniature Golf Course & Sports Bar4.39.1 mi
- Pebble Brook Golf Course & Grill4.310 mi
- Prairie View Golf Club4.56.7 mi
- Castleton Square4.23.8 mi
- The Fashion Mall at Keystone4.41.4 mi
- Saraga International Grocery4.38.1 mi
- Meijer4.44.3 mi
- Indianapolis International Airport4.615.8 mi
- Flights Craft Bar & Kitchen3.914.2 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: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.