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Market Intelligence · IN / Indianapolis

Indianapolis, IN 46216 Housing Market

The typical home value in Indianapolis, IN 46216 is $306,109, up 0.3% over the past year. The median list price sits at $325,000, with homes selling in a median of 19 days on the market.

Updated September 2026Median value$306K

The median home value in Indianapolis, IN 46216 is $306K as of September 2026, up 0.3% 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 46216 range

$282K to $331K

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

+0.3% over 12 months

Typical home value in 46216 over the last 12 months: $305K in Sep 2025 to $306K in Sep 2026 (+0.3%).

Sep 2025$305K

Sep 2026$306K

The numbers

What is the 46216 housing market like?

Typical home value

$306K

Up0.3%YoY

Median list price

$325K

Down13.3%MoM

Days on market

19

Down83.3%MoM

Homes for sale

5

Up150.0%MoM

Price cuts

7.7%

New listings

4

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

The outlook

46216 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46216 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 46216 rose 0.3%, per the Zillow Home Value Index.

Will home prices drop in 46216?

Zillow's forecast does not call for a drop: it expects typical home values in 46216 to rise 1.6% by September 2027, after a 0.3% 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 46216 home prices compare?

  • 46216$306,109
  • 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

With 5 homes for sale as of September 2026 and 4 new listings, the market shows modest activity in this ZIP code. The median list price of $325,000 sits above the typical home value of $306,109, a gap worth noting when evaluating asking prices. Homes spend a median of 19 days on market, suggesting reasonable buyer interest. Only 7.7% of listings have seen a price cut, which is a relatively low share. For sellers, a tight inventory combined with moderate pace means timing and pricing will be key to moving a home.

Monthly payment

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20% · $61,222

Common questions

What people ask us.

What is the typical home value in 46216?

The typical home value in Indianapolis, IN 46216 is $306,109, up 0.3% over the past year as of September 2026.

How many homes are currently for sale in 46216?

There are 5 homes for sale in this ZIP code as of September 2026, with 4 new listings during that period.

How long do homes typically stay on the market here?

Homes in 46216 have a median of 19 days on market as of September 2026.

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