Market Intelligence · IN / Indianapolis

Indianapolis, IN 46202 Housing Market

The typical home value in Indianapolis's 46202 ZIP code is $346,327, up 0.1% over the past year. The median list price stands at $428,300, with homes taking a median of 66 days to sell as of September 2026.

Updated September 2026Median value$346K

The median home value in Indianapolis, IN 46202 is $346K as of September 2026, up 0.1% 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 46202 range

$319K to $374K

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

+0.1% over 12 months

Sep 2025$346K

Low $346KHigh $351K

Sep 2026$346K

The numbers

What is the 46202 housing market like?

As of September 2026

Typical home value

$346K

0.1%YoY

Median list price

$428K

3.8%MoM

Days on market

19.5%MoM

Homes for sale

161

6.6%MoM

Price cuts

33.2%

38.5%MoM

New listings

33.3%MoM

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

The outlook

46202 housing market forecast 2027

+1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46202 to rise 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 46202 rose 0.1%, per the Zillow Home Value Index.

Will home prices drop in 46202?

Zillow's forecast does not call for a drop: it expects typical home values in 46202 to rise 1.0% by September 2027, after a 0.1% rise 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 46202 home prices compare?

46202$346,327
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

As of September 2026, there are 161 homes for sale in the 46202 area, with 32 new listings added recently. The median time on market is 66 days, suggesting moderate buyer interest. However, one-third of all listings have seen a price cut, at 33.2%. For sellers, this signals a market where pricing discipline matters. Competition is present, and homes priced above market often need adjustment to move.

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Down payment20% · $69,265

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Common questions

What people ask us.

What is the typical home value in 46202?

The typical home value in Indianapolis's 46202 ZIP code is $346,327, which has increased 0.1% over the past year.

How long do homes typically take to sell in 46202?

As of September 2026, the median days on market is 66 days.

How many homes are currently for sale in 46202?

There are 161 homes for sale in the 46202 area as of September 2026, with 32 new listings recently added.

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