Market Intelligence · IN / Indianapolis

Indianapolis, IN 46203 Housing Market

The typical home in Indianapolis 46203 is worth $170,542, down 1.6% over the past year. The median list price is $235,250, and homes are taking a median of 51 days on market.

Updated June 2026Median value$171K

The median home value in Indianapolis, IN 46203 is $171K as of June 2026, down 1.6% 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.

Get a cash offer

Sell without the wait

Sell your Indianapolis home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 46203 range

$157K to $184K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 46203 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Indianapolis, IN.

12-month value trend

-1.6% over 12 months

Typical home value in 46203 over the last 12 months: $173K in Jun 2025 to $171K in Jun 2026 (-1.6%).

Jun 2025$173K

Jun 2026$171K

The numbers

What is the 46203 housing market like?

Typical home value

$171K

Down1.6%YoY

Median list price

$235K

Days on market

51

Up96.2%MoM

Homes for sale

242

Price cuts

32.1%

New listings

78

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

Free home value report

See what your 46203 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 46203 home prices compare?

  • 46203$170,542
  • Indianapolis$260,207
  • Indiana$239,792
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Indianapolis: 36 ZIPs; Indiana: 697 ZIPs; United States: 26,270 ZIPs).

Context

As of June 2026, there were 242 homes for sale in the 46203 ZIP code, with 78 new listings added. The median list price was $235,250, while the typical home value sat at $170,542, down 1.6% over the past year. Homes took a median of 51 days on market, and 32.1% of listings had a price cut. For sellers, this points to a slower market where realistic pricing matters more than ever.

Monthly payment

Estimate your monthly payment.

20% · $34,108

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.