The story of this market
The typical home in ZIP 46241 sells for about $159,000, or $178 per square foot.
Homes take about 107 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,208 a month.
ZIP 46241 — Indianapolis
The market in 46241 is characterized by an established housing stock of single-family homes with a median value of $111,500. Current data is limited regarding active market metrics like days on market and inventory, necessitating caution in assessing short-term price momentum.
The area is primarily suited for working-class families and individuals employed in production and transportation sectors, given the established housing stock and local industry mix.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 107 days on market with 0.0 months of supply — a slower-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 7.7% · poverty 27.3% — a mixed stability profile.
ZCTA 46241, 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 average commute time for residents is approximately 22 minutes.
The local economy is dominated by production, transportation, and material moving occupations, with retail trade serving as a leading industry.
Data sourced from US Census Bureau ZCTA profiles.
- Slick City Action Park4.58.5 mi
- Dave & Buster's Indianapolis3.915.5 mi
- Smiley Ocean Themed Adventure Park4.315.7 mi
- Sky Zone Trampoline Park4.316.4 mi
- The Waterpark4.316.3 mi
- Gainbridge Fieldhouse4.75.6 mi
- Lucas Oil Stadium4.75 mi
- Indianapolis Zoo4.54.5 mi
- Indianapolis Motor Speedway4.84.6 mi
- Indiana Convention Center4.65.3 mi
- The Children's Museum of Indianapolis4.77.4 mi
- Indianapolis Zoo4.54.5 mi
- Indianapolis Motor Speedway4.84.6 mi
- AMC Indianapolis 174.45.6 mi
- Eagle Creek Park4.710.2 mi
- The Children's Museum of Indianapolis4.77.4 mi
- Newfields4.77.4 mi
- Indianapolis Motor Speedway Museum4.84.2 mi
- Indiana State Museum4.75 mi
- Soldiers & Sailors Monument4.75.6 mi
- Newfields4.77.4 mi
- Eagle Creek Park4.710.2 mi
- White River State Park4.74.9 mi
- Holliday Park4.810.8 mi
- Garfield Park4.55.4 mi
- White River Yacht Club4.612.6 mi
- The Hangar4.95.4 mi
- Southern Dunes Golf Course4.16.2 mi
- Brickyard Crossing4.64.2 mi
- Saddlebrook Golf Club48.5 mi
- Pleasant Run Golf Course4.410.5 mi
- Greenwood Park Mall4.49.6 mi
- Saraga International Grocery4.36.2 mi
- Meijer4.210.8 mi
- Meijer4.310.3 mi
- Indianapolis International Airport4.62.8 mi
- Flights Craft Bar & Kitchen3.90.4 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 diverges 32.7% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $211,000 (32.7% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $211,000 (+32.7% vs the published ten-year series (2025)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.