Zip 46227 (Indianapolis, IN) Housing

The housing market in 46227 Indianapolis, IN is doing well. The median value of homes in this area is $208,600, which is significantly lower than the US median value of $338,100. Additionally, the one-year house appreciation rate in 46227 Indianapolis is 10.28%, which is higher than the US one-year house appreciation rate of 8.27%. This suggests that housing prices in this area are continuing to climb and could make for a good investment opportunity.

The median home cost in Indianapolis (zip 46227) is $208,600. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Indianapolis (zip 46227) is up 17.3%.

Average Age of Homes

- The median age of Indianapolis (zip 46227) real estate is 48 years old

The Rental Market in Indianapolis (zip 46227)

- Renters make up 49.6% of the Indianapolis (zip 46227) population
- 2.4% of houses and apartments in Indianapolis (zip 46227), 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
	25,738.0	139,647,020.0
	52	42
	$208,600	$338,100
	17.3%	16.6%
	67.7%	57.0%
	105.7%	101.1%
	$11.23	$10.98
	$1,713	$2,690
	42.7%	57.4%
	10.1%	11.2%
	47.2%	31.4%
Vacant Housing
	2.4%	1.9%
	0.8%	0.4%
	0.1%	0.7%
	0.5%	0.4%
	0.1%	3.6%
	6.3%	4.1%
Value of Owner-Occupied Housing
	3.6%	2.6%
	1.1%	2.4%
	0.8%	2.8%
	3.6%	3.9%
	7.4%	4.5%
	31.5%	11.3%
	29.7%	13.0%
	16.8%	20.1%
	3.1%	13.6%
	0.9%	8.3%
	0.5%	9.7%
	0.6%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.6%	13.6%
	7.6%	13.6%
	10.2%	13.6%
	12.3%	13.2%
	15.2%	14.8%
	10.2%	13.6%
	16.5%	10.0%
	5.6%	4.7%
	7.4%	12.2%

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