Market Intelligence · IN / Indianapolis

Indianapolis, IN 46221 Housing Market

The typical home in Indianapolis 46221 is worth $212,164, up 0.4% over the past year. The median list price is $220,000, and homes are taking a median of 49 days on market.

Updated June 2026Median value$212K

The median home value in Indianapolis, IN 46221 is $212K as of June 2026, up 0.4% 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

$195K to $229K

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

+0.4% over 12 months

Typical home value in 46221 over the last 12 months: $211K in Jun 2025 to $212K in Jun 2026 (+0.4%).

Jun 2025$211K

Jun 2026$212K

The numbers

What is the 46221 housing market like?

Typical home value

$212K

Up0.4%YoY

Median list price

$220K

Days on market

49

Up14.0%MoM

Homes for sale

61

Price cuts

22.9%

New listings

32

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

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The comparison

How do 46221 home prices compare?

  • 46221$212,164
  • 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

As of June 2026, there are 61 homes for sale in the 46221 ZIP code, with 32 new listings added recently. The median list price sits at $220,000, while the typical home value is $212,164, up 0.4% over the past year. Homes are spending a median of 49 days on market, and 22.9% of listings have had a price cut. For sellers, the picture is a slow but steady one, so pricing carefully and expecting a longer timeline is reasonable.

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