Market Intelligence · IN / Indianapolis

Indianapolis, IN 46256 Housing Market

The typical home value in Indianapolis 46256 is $342,629, up 0.6% over the past year. Homes are listed at a median price of $377,450 and typically spend 52 days on the market.

Updated September 2026Median value$343K

The median home value in Indianapolis, IN 46256 is $343K as of September 2026, up 0.6% 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 46256 range

$315K to $370K

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

+0.6% over 12 months

Sep 2025$340K

Low $340KHigh $345K

Sep 2026$343K

The numbers

What is the 46256 housing market like?

As of September 2026

Typical home value

$343K

0.6%YoY

Median list price

$377K

5.4%MoM

Days on market

10.6%MoM

Homes for sale

7.7%MoM

Price cuts

38.9%

98.8%MoM

New listings

5.6%MoM

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

The outlook

46256 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 46256 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 46256 rose 0.6%, per the Zillow Home Value Index.

Will home prices drop in 46256?

Zillow's forecast does not call for a drop: it expects typical home values in 46256 to rise 1.6% by September 2027, after a 0.6% 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 46256 home prices compare?

46256$342,629
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 70 homes for sale in the 46256 ZIP code, with 34 new listings recently added to the market. The median list price stands at $377,450, while the typical home value is $342,629, reflecting modest appreciation of 0.6% over the past year. Homes are taking a median of 52 days to sell. Price cuts appear on 38.9% of listings, suggesting sellers are adjusting expectations as the market cools. If you're considering selling, expect a measured pace and some negotiation.

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Down payment20% · $68,526

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Common questions

What people ask us.

What is the typical home value in 46256?

The typical home value in 46256 is $342,629, up 0.6% over the past year as of September 2026.

How long do homes stay on the market in 46256?

Homes in this ZIP code spend a median of 52 days on the market.

What percentage of homes have price cuts?

As of September 2026, 38.9% of listings in 46256 have received a price cut.

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