Market Intelligence · IN / Indianapolis

Indianapolis, IN 46228 Housing Market

The typical home value in Indianapolis 46228 is $274,860, down 0.5% over the past year. The median list price is $291,250, and homes are taking a median of 42 days on market.

Updated June 2026Median value$275K

The median home value in Indianapolis, IN 46228 is $275K as of June 2026, down 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 46228 range

$253K to $297K

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 46228 over the last 12 months: $276K in Jun 2025 to $275K in Jun 2026 (-0.5%).

Jun 2025$276K

Jun 2026$275K

The numbers

What is the 46228 housing market like?

Typical home value

$275K

Down0.5%YoY

Median list price

$291K

Days on market

42

Up223.1%MoM

Homes for sale

36

Price cuts

25.3%

New listings

24

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

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The comparison

How do 46228 home prices compare?

  • 46228$274,860
  • 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 36 homes for sale in the 46228 ZIP code, with 24 new listings recently added. The median list price sits at $291,250, while the typical home value is $274,860, down 0.5% over the past year. Homes are spending a median of 42 days on market, and 25.3% of listings have had a price cut. For a seller, this is a slower, softening market, so pricing carefully from the start matters more than usual.

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