The story of this market
The typical home in ZIP 46278 sells for about $429,900, or $142 per square foot.
Prices are down 3.79% from a year ago, which gives buyers more room to negotiate. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,589 a month.
ZIP 46278 — Indianapolis
The 46278 housing market is currently experiencing a cooling phase, characterized by a slight year-over-year decline in median prices and a shift toward a buyer's market. High interest rates and a moderate supply of inventory are tempering demand, leading to longer days on market compared to previous years. While the area remains attractive for its suburban amenities and proximity to major employers, buyers are increasingly price-sensitive.
This ZIP is well-suited for family buyers and professionals seeking suburban space with convenient access to the Indianapolis employment core and major recreational amenities.
Median prices moved down 3.8% year over year.
Homes spend a median of 45 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.4% · poverty 4.8% — 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 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 46278, Marion County, IN
Crime in the 46278 area is generally considered lower than the Indianapolis city average, with suburban residential pockets maintaining a stable safety profile.
Schools serving the area are primarily part of the Metropolitan School District of Pike Township, which maintains a diverse student body and varied academic performance ratings.
The area is not prone to significant wildfire or coastal hazards, though localized drainage management is a standard consideration for residential properties in the region.
Development momentum is driven by proximity to the I-465 loop and the Northwest Indianapolis commercial corridor, with steady demand for move-up housing.
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 typically rely on I-465 and I-65 for access to downtown Indianapolis, with average commute times reflecting typical suburban traffic patterns.
The area features proximity to Eagle Creek Park, one of the largest municipal parks in the country, offering extensive trails, boating, and nature preserves.
The rental market is characterized by a mix of single-family home rentals and apartment communities, with moderate vacancy pressure and stable demand.
The local economy is anchored by the broader Indianapolis logistics, healthcare, and professional services sectors, with significant employment hubs located along the I-465 corridor.
Transportation is heavily reliant on private vehicles, with I-465 serving as the primary artery for regional connectivity.
Development is focused on infill residential projects and the expansion of commercial services along the Zionsville Road corridor.
The Marion County Assessor manages property valuations, with assessments conducted annually to reflect market conditions.
Parcels are subject to Pike Township school taxes and various municipal service district levies.
Property insurance premiums are generally stable, though coverage for wind and hail damage is a standard component of local policies.
Data retrieved from data.census.gov ZCTA-level tables.
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 Park4.55.1 mi
- Dave & Buster's Indianapolis3.912.2 mi
- Smiley Ocean Themed Adventure Park4.312.3 mi
- Sky Zone Trampoline Park4.313.5 mi
- The Waterpark4.39.5 mi
- Gainbridge Fieldhouse4.711.9 mi
- Lucas Oil Stadium4.711.8 mi
- Indianapolis Zoo4.510.9 mi
- Indianapolis Motor Speedway4.87.7 mi
- Indiana Convention Center4.611.6 mi
- The Children's Museum of Indianapolis4.79.6 mi
- Indianapolis Zoo4.510.9 mi
- Indianapolis Motor Speedway4.87.7 mi
- Eagle Creek Park4.71.5 mi
- Indianapolis Motor Speedway Museum4.88.1 mi
- The Children's Museum of Indianapolis4.79.6 mi
- Newfields4.77.8 mi
- Conner Prairie4.615.7 mi
- Indianapolis Motor Speedway Museum4.88.1 mi
- Indiana State Museum4.711.2 mi
- Newfields4.77.8 mi
- Eagle Creek Park4.71.5 mi
- White River State Park4.711.2 mi
- Holliday Park4.87.5 mi
- The Waterpark4.39.5 mi
- The Hangar4.912.1 mi
- Golf Galaxy3.912.2 mi
- Brickyard Crossing4.68.3 mi
- Saddlebrook Golf Club45 mi
- Wood Wind Golf Course4.110.2 mi
- Castleton Square4.212.6 mi
- The Fashion Mall at Keystone4.410.3 mi
- Saraga International Grocery4.36.6 mi
- Meijer4.49.6 mi
- Meijer4.29.8 mi
- Indianapolis International Airport4.611.9 mi
- Flights Craft Bar & Kitchen3.911.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A massive municipal park featuring a reservoir, hiking trails, and a nature center.
A prominent local golf facility serving the northwest Indianapolis area.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).