Home ValuePros

Market Intelligence · IN / Indianapolis

Indianapolis, IN 46203 Housing Market

The typical home value in Indianapolis, IN 46203 is $166,519, down 2.1% over the past year. The median list price is $230,000, and homes are spending a median of 69 days on market.

Updated August 2026Median value$167K

The median home value in Indianapolis, IN 46203 is $167K as of August 2026, down 2.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 46203 range

$153K to $180K

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

-2.1% over 12 months

Typical home value in 46203 over the last 12 months: $170K in Aug 2025 to $167K in Aug 2026 (-2.1%).

Aug 2025$170K

Aug 2026$167K

The numbers

What is the 46203 housing market like?

Typical home value

$167K

Down2.1%YoY

Median list price

$230K

Flat0.0%MoM

Days on market

69

Up13.1%MoM

Homes for sale

252

Up0.8%MoM

Price cuts

42.8%

Up13.2%MoM

New listings

68

Down26.1%MoM

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

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The comparison

How do 46203 home prices compare?

  • 46203$166,519
  • Indianapolis$255,775
  • Indiana$237,708
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Indianapolis: 36 ZIPs; Indiana: 697 ZIPs; United States: 26,265 ZIPs).

Context

As of 2026-08-01, there are 252 homes for sale in 46203, with 68 new listings coming to market. The typical home value is $166,519, down 2.1% over the past year. Homes sit for a median of 69 days before selling, and 42.8% of listings have taken a price cut. The median list price of $230,000 sits well above the typical value, which suggests sellers are aiming high relative to what homes are actually worth. For a seller, the data points to a soft market where pricing realistically from the start matters more than testing the ceiling.

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