The housing in 46278 Indianapolis, IN is quite impressive with a median value of $360,400. This is significantly higher than the US House median value of $338,100, and it has seen an even larger appreciation rate over the past year at 10.28% compared to 8.27% for the nation overall. This is likely due to the city being a major destination for businesses and employment opportunities, as well as its proximity to other popular cities like Bloomington and South Bend. With such a high median value and healthy appreciation rate, it's no surprise that Indianapolis property values are continuing to increase.
The median home cost in Indianapolis (zip 46278) is $360,400. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Indianapolis (zip 46278) is up 17.3%.
Average Age of Homes
- The median age of Indianapolis (zip 46278) real estate is 25 years old
The Rental Market in Indianapolis (zip 46278)
- Renters make up 9.9% of the Indianapolis (zip 46278) population
- 0.0% of houses and apartments in Indianapolis (zip 46278), 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.