Zip 46241 (Indianapolis, IN) Housing

The housing market in 46241 Indianapolis, IN is positive and growing. The median value of homes in the area is currently $142,400, which is much lower than the US house median value of $338,100. However, this difference in pricing leads to an increase in demand for housing, resulting in a higher appreciation rate of 10.28% compared to the US average of 8.27%. This makes 46241 Indianapolis, IN a great place to invest in housing, allowing potential homeowners to purchase at a lower price while still benefiting from high appreciation rates.

The median home cost in Indianapolis (zip 46241) is $142,400. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Indianapolis (zip 46241) is up 17.3%.

Average Age of Homes

- The median age of Indianapolis (zip 46241) real estate is 51 years old

The Rental Market in Indianapolis (zip 46241)

- Renters make up 36.9% of the Indianapolis (zip 46241) population
- 2.9% of houses and apartments in Indianapolis (zip 46241), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Indianapolis, Indiana	United States
	12,378.0	139,647,020.0
	56	42
	$142,400	$338,100
	17.3%	16.6%
	67.7%	57.0%
	105.7%	101.1%
	$12.29	$10.98
	$1,056	$2,690
	52.0%	57.4%
	8.9%	11.2%
	39.1%	31.4%
Vacant Housing
	2.9%	1.9%
	0.1%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	0.4%	3.6%
	4.6%	4.1%
Value of Owner-Occupied Housing
	6.5%	2.6%
	7.9%	2.4%
	11.3%	2.8%
	17.6%	3.9%
	19.9%	4.5%
	24.9%	11.3%
	8.7%	13.0%
	2.0%	20.1%
	0.2%	13.6%
	0.2%	8.3%
	0.5%	9.7%
	0.0%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	4.4%	13.6%
	4.4%	13.6%
	11.2%	13.6%
	11.7%	13.2%
	11.7%	14.8%
	11.2%	13.6%
	15.4%	10.0%
	13.3%	4.7%
	12.6%	12.2%