Market Intelligence · IN / Indianapolis

Indianapolis, IN 46216 Housing Market

The typical home in Indianapolis 46216 is valued at $311,184, up 0.5% over the past year. The median list price is $372,500, and homes are taking a median of 58 days on market.

Updated June 2026Median value$311K

The median home value in Indianapolis, IN 46216 is $311K as of June 2026, up 0.5% 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 46216 range

$286K to $336K

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

+0.5% over 12 months

Typical home value in 46216 over the last 12 months: $310K in Jun 2025 to $311K in Jun 2026 (+0.5%).

Jun 2025$310K

Jun 2026$311K

The numbers

What is the 46216 housing market like?

Typical home value

$311K

Up0.5%YoY

Median list price

$373K

Days on market

58

Up346.2%MoM

Homes for sale

8

Price cuts

16.7%

New listings

2

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

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The comparison

How do 46216 home prices compare?

  • 46216$311,184
  • 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

The 46216 ZIP code in Indianapolis has 8 homes for sale as of June 2026, with just 2 new listings added recently. The typical home value sits at $311,184, up 0.5% over the past year, a modest change. Homes are spending a median of 58 days on market, and the median list price is $372,500. About 16.7% of listings have had a price cut. Sellers here should expect a slower pace and price patiently.

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