Market Intelligence · IN / Indianapolis

Indianapolis, IN 46208 Housing Market

The typical home value in Indianapolis 46208 is $178,316, down 5.3% over the past year. The median list price sits at $222,700, and homes are taking a median of 59 days on market to sell.

Updated June 2026Median value$178K

The median home value in Indianapolis, IN 46208 is $178K as of June 2026, down 5.3% 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 46208 range

$164K to $193K

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

-5.3% over 12 months

Typical home value in 46208 over the last 12 months: $188K in Jun 2025 to $178K in Jun 2026 (-5.3%).

Jun 2025$188K

Jun 2026$178K

The numbers

What is the 46208 housing market like?

Typical home value

$178K

Down5.3%YoY

Median list price

$223K

Days on market

59

Up59.5%MoM

Homes for sale

113

Price cuts

34.6%

New listings

48

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

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The comparison

How do 46208 home prices compare?

  • 46208$178,316
  • 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 1, 2026, there are 113 homes for sale in the 46208 ZIP code, with 48 new listings added recently. The median list price is $222,700, while the typical home value is $178,316, down 5.3% over the past year. Homes are taking a median of 59 days on market, and 34.6% of listings have had a price cut. For sellers, this points to a slower market where realistic pricing matters more than ever.

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