Market Intelligence · IN / Indianapolis

Indianapolis, IN 46220 Housing Market

Typical home value in Indianapolis 46220 is $341,779, up 0.6% over the past year. The median list price stands at $349,950, with homes spending a median of 43 days on market as of September 2026.

Updated September 2026Median value$342K

The median home value in Indianapolis, IN 46220 is $342K as of September 2026, up 0.6% 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 46220 range

$314K to $369K

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

+0.6% over 12 months

Sep 2025$340K

Low $340KHigh $343K

Sep 2026$342K

The numbers

What is the 46220 housing market like?

As of September 2026

Typical home value

$342K

0.6%YoY

Median list price

$350K

1.4%MoM

Days on market

0.0%MoM

Homes for sale

109

12.4%MoM

Price cuts

37.8%

9.9%MoM

New listings

32.1%MoM

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

The outlook

46220 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46220 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 46220 rose 0.6%, per the Zillow Home Value Index.

Will home prices drop in 46220?

Zillow's forecast does not call for a drop: it expects typical home values in 46220 to rise 1.6% by September 2027, after a 0.6% 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 46220 home prices compare?

46220$341,779
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 neighborhood has 109 homes for sale as of September 2026, with 74 new listings added during the month. The median list price of $349,950 reflects modest appreciation, though the typical home value has grown only 0.6% year over year. At 43 days median time on market, homes are taking several weeks to sell. With 37.8% of listings carrying a price cut, sellers should expect negotiation and be realistic about pricing if they want to move quickly.

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Down payment20% · $68,356

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Common questions

What people ask us.

What is the typical home value in 46220?

The typical home value is $341,779, up 0.6% over the past year as of September 2026.

How long do homes take to sell in this area?

The median days on market is 43 as of September 2026.

How many homes are currently listed?

There are 109 homes for sale as of September 2026, with 74 new listings added that month.

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Nearby ZIP markets.

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