Zip 46240 (Indianapolis, IN) Housing

In 46240 Indianapolis, IN, the median home value is $313,600 compared to the US median of $338,100. The appreciation rate in 46240 is 10.28%, while the national average is 8.27%. It appears that homes in 46240 are appreciating at a faster rate than other areas of the country, suggesting that this area may be an attractive investment option for potential homeowners.

The median home cost in Indianapolis (zip 46240) is $313,600. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Indianapolis (zip 46240) is up 17.3%.

Average Age of Homes

- The median age of Indianapolis (zip 46240) real estate is 38 years old

The Rental Market in Indianapolis (zip 46240)

- Renters make up 46.9% of the Indianapolis (zip 46240) population
- 9.2% of houses and apartments in Indianapolis (zip 46240), 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
	11,552.0	139,647,020.0
	42	42
	$313,600	$338,100
	17.3%	16.6%
	67.7%	57.0%
	105.7%	101.1%
	$10.47	$10.98
	$2,657	$2,690
	39.6%	57.4%
	13.0%	11.2%
	47.4%	31.4%
Vacant Housing
	9.2%	1.9%
	0.8%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.3%	3.6%
	2.8%	4.1%
Value of Owner-Occupied Housing
	0.2%	2.6%
	0.2%	2.4%
	0.0%	2.8%
	2.1%	3.9%
	2.3%	4.5%
	11.5%	11.3%
	15.8%	13.0%
	29.5%	20.1%
	13.8%	13.6%
	6.4%	8.3%
	10.4%	9.7%
	3.1%	3.9%
	2.2%	2.2%
	0.9%	0.8%
	1.7%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	3.3%	13.6%
	3.3%	13.6%
	11.7%	13.6%
	23.4%	13.2%
	14.6%	14.8%
	11.7%	13.6%
	16.4%	10.0%
	4.4%	4.7%
	4.3%	12.2%

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