Zip 46224 (Indianapolis, IN) Housing

The housing market in Indianapolis, IN 46224 has shown quite a bit of growth over the past year. The median value of a house in this area is $194,400, which is significantly lower than the US median value of $338,100. However, this area experienced a 10.28% increase in property values year-over-year compared to the national average of 8.27%. This shows that there is still great potential for further growth in the near future and that investing in real estate here can be financially rewarding in the long run.

The median home cost in Indianapolis (zip 46224) is $194,400. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Indianapolis (zip 46224) is up 17.3%.

Average Age of Homes

- The median age of Indianapolis (zip 46224) real estate is 47 years old

The Rental Market in Indianapolis (zip 46224)

- Renters make up 54.6% of the Indianapolis (zip 46224) population
- 1.5% of houses and apartments in Indianapolis (zip 46224), 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
	16,941.0	139,647,020.0
	53	42
	$194,400	$338,100
	17.3%	16.6%
	67.7%	57.0%
	105.7%	101.1%
	$9.53	$10.98
	$1,124	$2,690
	34.5%	57.4%
	9.6%	11.2%
	55.9%	31.4%
Vacant Housing
	1.5%	1.9%
	1.1%	0.4%
	1.1%	0.7%
	0.1%	0.4%
	0.2%	3.6%
	5.6%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	1.4%	2.4%
	1.4%	2.8%
	14.1%	3.9%
	16.2%	4.5%
	35.5%	11.3%
	16.9%	13.0%
	9.8%	20.1%
	1.2%	13.6%
	0.0%	8.3%
	0.6%	9.7%
	0.4%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.5%	13.6%
	4.5%	13.6%
	9.7%	13.6%
	8.5%	13.2%
	21.9%	14.8%
	9.7%	13.6%
	17.8%	10.0%
	7.4%	4.7%
	6.7%	12.2%

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