Market Intelligence · IN / Indianapolis

Indianapolis, IN 46235 Housing Market

The typical home in Indianapolis ZIP 46235 is worth $216,047, down 2.0% over the past year. Homes are listing around $217,000 and spending about 56 days on the market as of September 2026.

Updated September 2026Median value$216K

The median home value in Indianapolis, IN 46235 is $216K as of September 2026, down 2.0% 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 46235 range

$199K to $233K

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

-2.0% over 12 months

Sep 2025$220K

Low $216KHigh $220K

Sep 2026$216K

The numbers

What is the 46235 housing market like?

As of September 2026

Typical home value

$216K

2.0%YoY

Median list price

$217K

1.8%MoM

Days on market

9.8%MoM

Homes for sale

106

7.1%MoM

Price cuts

26.7%

18.2%MoM

New listings

5.6%MoM

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

The outlook

46235 housing market forecast 2027

+1.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46235 to rise 1.7% by September 2027.

Over the 12 months through September 2026, typical home values in 46235 fell 2.0%, per the Zillow Home Value Index.

Will home prices drop in 46235?

Zillow's forecast does not call for a drop: it expects typical home values in 46235 to rise 1.7% by September 2027, after a 2.0% 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 46235 home prices compare?

46235$216,047
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 46235 market shows mixed signals. There are 106 homes for sale with 34 new listings as of September 2026, suggesting moderate inventory flow. However, 26.7% of those listings have already been price-cut, which points to softness in buyer demand. The median days on market of 56 suggests homes are taking longer to move than in stronger markets. If you are considering selling, expect that you may need to be flexible on price to attract serious interest.

Monthly payment

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Home price

Down payment20% · $43,209

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Common questions

What people ask us.

What is the median list price in 46235?

As of September 2026, the median list price is $217,000.

How long do homes typically stay on the market in 46235?

The median days on market is 56 as of September 2026.

Has home value changed recently in 46235?

Yes. The typical home value is $216,047, down 2.0% over the past year as of September 2026.

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Nearby ZIP markets.

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