Market Intelligence · IN / Indianapolis

Indianapolis, IN 46236 Housing Market

The typical home value in Indianapolis 46236 is $326,867, up 0.2% over the past year. The median list price sits at $366,225, with homes taking a median of 57 days to sell as of September 2026.

Updated September 2026Median value$327K

The median home value in Indianapolis, IN 46236 is $327K as of September 2026, up 0.2% 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 46236 range

$301K to $353K

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

+0.2% over 12 months

Sep 2025$326K

Low $326KHigh $329K

Sep 2026$327K

The numbers

What is the 46236 housing market like?

As of September 2026

Typical home value

$327K

0.2%YoY

Median list price

$366K

0.3%MoM

Days on market

11.8%MoM

Homes for sale

11.1%MoM

Price cuts

32.7%

5.2%MoM

New listings

0.0%MoM

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

The outlook

46236 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46236 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 46236 rose 0.2%, per the Zillow Home Value Index.

Will home prices drop in 46236?

Zillow's forecast does not call for a drop: it expects typical home values in 46236 to rise 1.6% by September 2027, after a 0.2% rise 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 46236 home prices compare?

46236$326,867
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

As of September 2026, there are 56 homes for sale in this ZIP code, with 24 new listings added recently. The median time on market of 57 days reflects a market where properties are moving at a measured pace. Over one-third of listings, specifically 32.7%, have seen price reductions. For sellers, this suggests caution: while the typical home value has edged up, the prevalence of price cuts indicates buyers have room to negotiate.

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Down payment20% · $65,373

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Common questions

What people ask us.

What is the typical home value in 46236?

The typical home value is $326,867, which represents a 0.2% increase over the past year.

How long do homes typically stay on the market?

Homes in 46236 have a median of 57 days on market as of September 2026.

Are home prices being reduced?

Yes, 32.7% of listings have seen a price cut, suggesting a buyer-favorable environment for negotiation.

Discover

Nearby ZIP markets.

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