Market Intelligence · IN / Indianapolis

Indianapolis, IN 46222 Housing Market

Homes in Indianapolis, IN 46222 have a typical value of $120,090, which has declined 6.9% over the past year. The median list price stands at $166,975, and homes are taking 74 days on average to sell.

Updated September 2026Median value$120K

The median home value in Indianapolis, IN 46222 is $120K as of September 2026, down 6.9% 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 46222 range

$110K to $130K

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

-6.9% over 12 months

Sep 2025$129K

Low $120KHigh $129K

Sep 2026$120K

The numbers

What is the 46222 housing market like?

As of September 2026

Typical home value

$120K

6.9%YoY

Median list price

$167K

0.0%MoM

Days on market

25.4%MoM

Homes for sale

1.1%MoM

Price cuts

30.6%

10.1%MoM

New listings

16.7%MoM

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

The outlook

46222 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46222 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 46222 fell 6.9%, per the Zillow Home Value Index.

Will home prices drop in 46222?

Zillow's forecast does not call for a drop: it expects typical home values in 46222 to rise 1.1% by September 2027, after a 6.9% 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 46222 home prices compare?

46222$120,090
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 46222 ZIP code is showing softness across several indicators. There are 89 homes for sale as of September 2026, with 30 new listings added recently. The median days on market of 74 reflects a slower pace, and the fact that 30.6% of listings have already seen a price cut signals that sellers are adjusting expectations downward. For homeowners considering a sale, this is a buyer's market where competition is working against you.

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Down payment20% · $24,018

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Common questions

What people ask us.

What is the typical home value in 46222?

The typical home value in 46222 is $120,090, down 6.9% over the past year.

How long do homes typically stay on the market?

Homes in this ZIP code take a median of 74 days to sell.

What percentage of homes have had a price cut?

As of September 2026, 30.6% of listings in 46222 have had their price reduced.

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