Market Intelligence · IN / Indianapolis

Indianapolis, IN 46205 Housing Market

The typical home value in Indianapolis's 46205 ZIP is $257,419, down 1.6% over the past year. The median list price stands at $296,375, with homes spending a median of 59 days on market as of September 2026.

Updated September 2026Median value$257K

The median home value in Indianapolis, IN 46205 is $257K as of September 2026, down 1.6% 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 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

-1.6% over 12 months

Sep 2025$262K

Low $257KHigh $262K

Sep 2026$257K

The numbers

What is the 46205 housing market like?

As of September 2026

Typical home value

$257K

1.6%YoY

Median list price

$296K

0.4%MoM

Days on market

1.7%MoM

Homes for sale

172

9.6%MoM

Price cuts

36.1%

7.1%MoM

New listings

3.1%MoM

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

The outlook

46205 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46205 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 46205 fell 1.6%, per the Zillow Home Value Index.

Will home prices drop in 46205?

Zillow's forecast does not call for a drop: it expects typical home values in 46205 to rise 1.5% by September 2027, after a 1.6% decline 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 46205 home prices compare?

46205$257,419
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

The 46205 market has 172 homes for sale, with 62 new listings added in September 2026. Price cuts appear on 36.1% of listings, a sign that sellers are adjusting to current conditions. The gap between typical home value and median list price reflects the reality of active negotiation in this area. Days on market have settled at a moderate pace, suggesting neither rapid turnover nor extended inventory buildup. For sellers, the takeaway is straightforward: be realistic about pricing if you want to move your home.

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Down payment20% · $51,484

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Common questions

What people ask us.

What is the typical home value in 46205?

The typical home value is $257,419 as of September 2026, which represents a 1.6% decline over the past year.

How long do homes typically stay on market in 46205?

The median days on market is 59 as of September 2026.

What share of homes are listed below their original asking price?

As of September 2026, 36.1% of listings have received a price cut.

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