Market Intelligence · IN / Indianapolis

Indianapolis, IN 46204 Housing Market

The typical home value in 46204 is $345,032, up 1.8% over the past year. The median list price stands at $354,975, with homes spending a median of 89 days on market as of September 2026.

Updated September 2026Median value$345K

The median home value in Indianapolis, IN 46204 is $345K as of September 2026, up 1.8% 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 46204 range

$317K to $373K

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

+1.8% over 12 months

Sep 2025$339K

Low $339KHigh $345K

Sep 2026$345K

The numbers

What is the 46204 housing market like?

As of September 2026

Typical home value

$345K

1.8%YoY

Median list price

$355K

4.0%MoM

Days on market

1.1%MoM

Homes for sale

3.3%MoM

Price cuts

26.1%

12.7%MoM

New listings

50.0%MoM

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

The outlook

46204 housing market forecast 2027

+0.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46204 to rise 0.8% by September 2027.

Over the 12 months through September 2026, typical home values in 46204 rose 1.8%, per the Zillow Home Value Index.

Will home prices drop in 46204?

Zillow's forecast does not call for a drop: it expects typical home values in 46204 to rise 0.8% by September 2027, after a 1.8% 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 46204 home prices compare?

46204$345,032
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

Indianapolis 46204 has 62 homes for sale with just 6 new listings as of September 2026. The median days on market of 89 reflects a measured pace for this area. About 26.1% of listings have seen price cuts, which is notable given that typical home values have climbed 1.8% year over year. Inventory remains fairly tight relative to demand. If you are thinking about selling, the data suggests a steady market where pricing strategy and presentation matter more than overall momentum.

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Down payment20% · $69,006

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Common questions

What people ask us.

What is the typical home value in 46204?

The typical home value is $345,032 as of September 2026, up 1.8% over the past year.

How many homes are for sale in 46204?

There are 62 homes for sale as of September 2026, with 6 new listings added recently.

How long do homes stay on the market in 46204?

The median days on market is 89 as of September 2026.

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