Market Intelligence · IN / Indianapolis

Indianapolis, IN 46220 Housing Market

The typical home in Indianapolis's 46220 ZIP code is worth $344,412, up 0.5% over the past year. Homes carry a median list price of $355,000 and spend a median of 43 days on the market. There are 97 homes for sale as of 2026-08-01.

Updated August 2026Median value$344K

The median home value in Indianapolis, IN 46220 is $344K as of August 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 46220 range

$317K to $372K

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 46220 over the last 12 months: $343K in Aug 2025 to $344K in Aug 2026 (+0.5%).

Aug 2025$343K

Aug 2026$344K

The numbers

What is the 46220 housing market like?

Typical home value

$344K

Up0.5%YoY

Median list price

$355K

Down5.0%MoM

Days on market

43

Down6.5%MoM

Homes for sale

97

Up10.2%MoM

Price cuts

34.4%

Up23.8%MoM

New listings

56

Down3.4%MoM

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

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The comparison

How do 46220 home prices compare?

  • 46220$344,412
  • 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

The 46220 market in Indianapolis shows 97 homes for sale, with 56 new listings coming on as of 2026-08-01. The median list price sits at $355,000, slightly above the typical home value of $344,412. Homes are taking a median of 43 days to sell, and 34.4% of listings have taken a price cut. The typical home value is up just 0.5% over the past year. For a seller, this is a market where pricing right from the start matters, because a meaningful share of sellers are already reducing their asking prices.

Monthly payment

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20% · $68,882

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