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Market Intelligence · IN / Indianapolis

Indianapolis, IN 46254 Housing Market

The typical home value in Indianapolis, IN 46254 is $220,411, up 0.3% over the past year. The median list price stands at $236,500, with homes taking a median of 52 days to sell as of September 2026.

Updated September 2026Median value$220K

The median home value in Indianapolis, IN 46254 is $220K as of September 2026, up 0.3% 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 46254 range

$203K to $238K

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

+0.3% over 12 months

Typical home value in 46254 over the last 12 months: $220K in Sep 2025 to $220K in Sep 2026 (+0.3%).

Sep 2025$220K

Sep 2026$220K

The numbers

What is the 46254 housing market like?

Typical home value

$220K

Up0.3%YoY

Median list price

$237K

Up0.6%MoM

Days on market

52

Up18.2%MoM

Homes for sale

82

Up13.9%MoM

Price cuts

35.7%

Up28.5%MoM

New listings

30

Down31.8%MoM

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

The outlook

46254 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46254 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 46254 rose 0.3%, per the Zillow Home Value Index.

Will home prices drop in 46254?

Zillow's forecast does not call for a drop: it expects typical home values in 46254 to rise 1.8% by September 2027, after a 0.3% 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 46254 home prices compare?

  • 46254$220,411
  • 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 82 homes for sale in this Indianapolis ZIP code, with 30 new listings added recently. The market shows modest inventory movement, though the median time on market of 52 days suggests a measured pace. Nearly 36% of listings have received a price cut, indicating some seller adjustment in response to conditions. The slight year-over-year gain in typical home value of 0.3% reflects a stable but not rapidly appreciating market. If you're considering a sale, expect realistic pricing and a moderate sales timeline in this neighborhood.

Monthly payment

Estimate your monthly payment.

20% · $44,082

Common questions

What people ask us.

What is the typical home value in 46254?

The typical home value is $220,411, up 0.3% over the past year as of September 2026.

How many homes are currently on the market?

There are 82 homes for sale, with 30 new listings as of September 2026.

How long do homes typically take to sell?

The median days on market is 52 days as of September 2026.

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