Market Intelligence · IN / Indianapolis

Indianapolis, IN 46217 Housing Market

Typical home value in Indianapolis, IN 46217 stands at $254,781, down 0.9% over the past year. The median list price sits at $264,725, with homes spending a median 49 days on market.

Updated September 2026Median value$255K

The median home value in Indianapolis, IN 46217 is $255K as of September 2026, down 0.9% 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 46217 range

$234K to $275K

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

-0.9% over 12 months

Sep 2025$257K

Low $255KHigh $258K

Sep 2026$255K

The numbers

What is the 46217 housing market like?

As of September 2026

Typical home value

$255K

0.9%YoY

Median list price

$265K

0.1%MoM

Days on market

6.5%MoM

Homes for sale

110

7.8%MoM

Price cuts

32.0%

9.6%MoM

New listings

4.2%MoM

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

The outlook

46217 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46217 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 46217 fell 0.9%, per the Zillow Home Value Index.

Will home prices drop in 46217?

Zillow's forecast does not call for a drop: it expects typical home values in 46217 to rise 1.7% by September 2027, after a 0.9% 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 46217 home prices compare?

46217$254,781
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 ZIP is hosting 110 homes for sale as of September 2026, with 50 new listings entering the market recently. Nearly one in three listings, at 32.0%, carries a price cut. Homes are taking about 49 days to sell on average. The slight decline in typical home value over the past year suggests a cooling market where buyers have some negotiating room.

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Common questions

What people ask us.

What is a typical home worth in 46217?

The typical home value in this Indianapolis ZIP is $254,781, down 0.9% from the prior year.

How long do homes sit on the market here?

Homes spend a median 49 days on the market in 46217.

How many homes are for sale right now?

There are 110 homes for sale as of September 2026, with 50 new listings recently added.

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