The story of this market
The typical home in ZIP 46254 sells for about $214,936, or $159 per square foot.
Prices are down 1.9% from a year ago, which gives buyers more room to negotiate. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,067 a month.
ZIP 46254 — Indianapolis
The 46254 housing market is currently experiencing a slight price correction with a 1.9% year-over-year decline in median sale price to $214,936. While sales volume has increased significantly, the market remains competitive with homes selling in 22 days. Investors are advised to exercise caution due to potential vacancy and delinquency risks impacting cash flow.
This ZIP is primarily suited for budget-conscious renters and first-time buyers looking for accessible entry-level pricing in the Indianapolis area.
Median prices moved down 1.9% year over year.
Homes spend a median of 22 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 7.1% · poverty 18.7% — a mixed stability profile.
ZCTA 46254, Marion County IN
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 rental market in 46254 features a high renter share of 54.4% with a median rent of $1,345, though investors face challenges with vacancy and delinquency risks.
The local economy is integrated into the broader Indianapolis metro area, characterized by a mix of service and residential-focused industries.
Data sourced from U.S. Census Bureau and DataCommons; specific ACS fields not fully populated in source.
- Slick City Action Park4.54.1 mi
- Dave & Buster's Indianapolis3.911.5 mi
- Smiley Ocean Themed Adventure Park4.311.8 mi
- Sky Zone Trampoline Park4.312.8 mi
- The Waterpark4.310.5 mi
- Gainbridge Fieldhouse4.78 mi
- Lucas Oil Stadium4.77.8 mi
- Indianapolis Zoo4.56.9 mi
- Indianapolis Motor Speedway4.83.5 mi
- Indiana Convention Center4.67.7 mi
- The Children's Museum of Indianapolis4.76.3 mi
- Indianapolis Zoo4.56.9 mi
- Indianapolis Motor Speedway4.83.5 mi
- AMC Indianapolis 174.411.3 mi
- Eagle Creek Park4.72.8 mi
- The Children's Museum of Indianapolis4.76.3 mi
- Newfields4.74.6 mi
- Conner Prairie4.616.3 mi
- Indianapolis Motor Speedway Museum4.83.8 mi
- Indiana State Museum4.77.2 mi
- Newfields4.74.6 mi
- Eagle Creek Park4.72.8 mi
- White River State Park4.77.3 mi
- Holliday Park4.86.1 mi
- Garfield Park4.59.7 mi
- White River Yacht Club4.68 mi
- Indianapolis Yacht Club4.618.8 mi
- The Hangar4.98.1 mi
- Golf Galaxy3.911.7 mi
- Brickyard Crossing4.64.1 mi
- Saddlebrook Golf Club42.6 mi
- Sahm Golf Course3.912.7 mi
- Castleton Square4.211.9 mi
- The Fashion Mall at Keystone4.410 mi
- Saraga International Grocery4.32.7 mi
- Meijer4.411.2 mi
- Meijer4.27.9 mi
- Indianapolis International Airport4.68.2 mi
- Flights Craft Bar & Kitchen3.97.6 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 prior refresh cycle (within 12.5%).