How much is a home in 46221 worth?

The typical home value in Indianapolis, IN 46221 is $208,706, down 0.7% over the past year. The median list price is $222,500.

How long does it take to sell a home in 46221?

Homes in 46221 are spending a median of 46 days on the market, and 28.4% of active listings have had a price cut.

Market Intelligence · IN / Indianapolis

Indianapolis, IN 46221 Housing Market

The typical home in Indianapolis, IN 46221 is worth $208,706, down 0.7% over the past year. Homes are listing at a median price of $222,500 and spending a median of 46 days on the market.

Updated August 2026Median value$209K

The median home value in Indianapolis, IN 46221 is $209K as of August 2026, down 0.7% 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 46221 range

$192K to $225K

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

-0.7% over 12 months

Aug 2025$210K

Low $209KHigh $214K

Aug 2026$209K

The numbers

What is the 46221 housing market like?

As of August 2026

Typical home value

$209K

0.7%YoY

Median list price

$223K

1.5%MoM

Days on market

12.2%MoM

Homes for sale

1.3%MoM

Price cuts

28.4%

64.1%MoM

New listings

9.1%MoM

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

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The comparison

How do 46221 home prices compare?

46221$208,706
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

There are 77 homes for sale in 46221, with 48 new listings added recently. The median list price sits at $222,500, above the typical home value of $208,706, and sellers are waiting a median of 46 days to move a home. Price reductions are common, with 28.4% of listings carrying a cut. Meanwhile, typical values have slipped 0.7% over the past year. For sellers, the takeaway is simple: pricing above what the data supports tends to mean sitting longer and cutting later.

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