How much is a home in 46208 worth?

The typical home value in 46208 is $173,444 as of 2026-08-01, down 6.7% over the past year.

How long does it take to sell a home in 46208?

Homes in 46208 spend a median of 54 days on the market. With 39.0% of listings showing a price cut, many sellers are adjusting their asking price before finding a buyer.

What are homes listed for in 46208?

The median list price is $215,500, with 134 homes for sale and 44 new listings as of 2026-08-01.

Market Intelligence · IN / Indianapolis

Indianapolis, IN 46208 Housing Market

The typical home in Indianapolis, IN 46208 is worth $173,444, down 6.7% over the past year. Sellers are listing at a median price of $215,500, and homes are taking a median of 54 days to go under contract.

Updated August 2026Median value$173K

The median home value in Indianapolis, IN 46208 is $173K as of August 2026, down 6.7% 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

$160K to $187K

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

-6.7% over 12 months

Aug 2025$186K

Low $173KHigh $186K

Aug 2026$173K

The numbers

What is the 46208 housing market like?

As of August 2026

Typical home value

$173K

6.7%YoY

Median list price

$216K

3.1%MoM

Days on market

1.9%MoM

Homes for sale

134

5.5%MoM

Price cuts

39.0%

26.7%MoM

New listings

4.3%MoM

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

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The comparison

How do 46208 home prices compare?

46208$173,444
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

There are 134 homes for sale in 46208 as of 2026-08-01, with 44 new listings coming to market. The median list price is $215,500, but the typical home value is $173,444 and has fallen 6.7% over the past year. That gap shows up in the data: 39.0% of active listings have taken a price cut, and homes sit for a median of 54 days. This is a soft market where buyers have room to negotiate. A seller here should price conservatively from the start rather than plan on cutting later.

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