The housing market in 46228 Indianapolis, IN is thriving compared to the US national average. According to data, the median value of a house in this area is $244,400 while the national median value is $338,100. In addition to having lower housing prices than the national average, Indianapolis also has an impressive 1 year house appreciation rate of 10.28%, which is higher than the US’s rate of 8.27%. This indicates that investing in real estate in Indianapolis is a wise decision as it is likely to appreciate at a higher rate than other parts of the country.
The median home cost in Indianapolis (zip 46228) is $244,400. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Indianapolis (zip 46228) is up 17.3%.
Average Age of Homes
- The median age of Indianapolis (zip 46228) real estate is 45 years old
The Rental Market in Indianapolis (zip 46228)
- Renters make up 20.0% of the Indianapolis (zip 46228) population
- 0.9% of houses and apartments in Indianapolis (zip 46228), 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.