Market Intelligence · IN / Indianapolis

Indianapolis, IN 46201 Housing Market

Typical home value in Indianapolis, 46201 is $149,543, down 4.0% over the past year. The median list price sits at $199,950, with homes taking a median 62 days to sell.

Updated September 2026Median value$150K

The median home value in Indianapolis, IN 46201 is $150K as of September 2026, down 4.0% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 46201 range

$138K to $162K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-4.0% over 12 months

Sep 2025$156K

Low $149KHigh $156K

Sep 2026$150K

The numbers

What is the 46201 housing market like?

As of September 2026

Typical home value

$150K

4.0%YoY

Median list price

$200K

0.0%MoM

Days on market

10.7%MoM

Homes for sale

249

3.8%MoM

Price cuts

35.8%

7.8%MoM

New listings

25.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

46201 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46201 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 46201 fell 4.0%, per the Zillow Home Value Index.

Will home prices drop in 46201?

Zillow's forecast does not call for a drop: it expects typical home values in 46201 to rise 1.3% by September 2027, after a 4.0% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 46201 home prices compare?

46201$149,543
Indianapolis$253,595
Indiana$233,780
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Indianapolis: 36 ZIPs; Indiana: 697 ZIPs; United States: 26,262 ZIPs).

Context

The 46201 market is showing signs of softening. There are 249 homes for sale, with 60 new listings arriving in September 2026. The median time a home stays on the market is 62 days, and notably, 35.8% of listings have seen a price cut. Combined with the 4.0% decline in typical home values over the past year, sellers should expect a slower market where pricing competitively matters.

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Down payment20% · $29,909

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Common questions

What people ask us.

What is the typical home value in 46201?

Typical home value is $149,543, which is down 4.0% over the past year.

How many homes are for sale in 46201?

There are 249 homes currently for sale as of September 2026, with 60 new listings.

How long do homes take to sell in 46201?

The median time on market is 62 days. About 35.8% of listings have received a price cut.

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