Home ValuePros

Market Intelligence · IN / Indianapolis

Indianapolis, IN 46205 Housing Market

The typical home value in Indianapolis, IN 46205 is $257,861, down 2.3% over the past year as of 2026-08-01. Sellers are listing at a median price of $297,500, and homes are spending a median of 58 days on market.

Updated August 2026Median value$258K

The median home value in Indianapolis, IN 46205 is $258K as of August 2026, down 2.3% 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 46205 range

$237K to $278K

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

-2.3% over 12 months

Typical home value in 46205 over the last 12 months: $264K in Aug 2025 to $258K in Aug 2026 (-2.3%).

Aug 2025$264K

Aug 2026$258K

The numbers

What is the 46205 housing market like?

Typical home value

$258K

Down2.3%YoY

Median list price

$298K

Down0.7%MoM

Days on market

58

Up16.0%MoM

Homes for sale

157

Up5.4%MoM

Price cuts

33.7%

Up14.8%MoM

New listings

64

Down11.1%MoM

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

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The comparison

How do 46205 home prices compare?

  • 46205$257,861
  • 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

The 46205 market has cooled modestly, with typical home values at $257,861, down 2.3% over the past year as of 2026-08-01. There were 157 homes for sale and 64 new listings, so buyers have a reasonable selection to work through. The median list price sits at $297,500, above the typical value, and homes take a median of 58 days to go under contract. A third of listings, 33.7%, have taken a price cut, which suggests some sellers are starting too high and adjusting. If you are selling, realistic pricing from day one matters more than it did a year ago.

Monthly payment

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20% · $51,572

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Derrick Bailey

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