Indianapolis, IN 46201 Real Estate Market Report
ZIP Code: 46201
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Indianapolis, IN are approximately 6.35%, which is 0.6% higher than the 5.75% typical for loans originated earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary indicator of market value is the median sold price of 160,000, which signals the representative recent sale level and suggests price stability when contrasted with the listing side; with a median listing price of 186,500, this gap may indicate pricing friction between seller expectations and transaction outcomes.
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Liquidity appears muted: the median days on market is 291, a protracted marketing window that suggests slower sales velocity and may require sellers to adjust pricing or concessions to achieve timely closings.
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Market-wide price momentum is effectively neutral: the reported price year-over-year trend is flat, and the market temperature is neutral, implying a balanced environment where neither buyers nor sellers hold a clear advantage; sellers should avoid relying on rapid appreciation, and buyers should leverage observed listing-to-sale gaps.
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Financing and rental signals add caution: interest rate pressure is elevated (Current 30-year fixed mortgage rates in Indianapolis, IN are approximately 6.35%, which is 0.6% higher than the 5.75% typical for loans originated earlier in 2026), and rent year-over-year trend is down with a median market rent of 1,250, both of which may dampen investor demand and support a patient, value-focused acquisition strategy.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Indianapolis, IN 46201 Real Estate Market Report
ZIP Code: 46201
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Indianapolis, IN are approximately 6.35%, which is 0.6% higher than the 5.75% typical for loans originated earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market value indicator is the median sold price of 149,900, which reflects recent transaction-level pricing in the neighborhood and suggests price stability when combined with the reported flat year-over-year price trend.
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Liquidity appears slow: the median days on market is 388, which—alongside a characterization of relatively constrained active supply in the analyzed sample—suggests moderate transaction velocity and potential pricing friction for sellers.
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Price efficiency is modest: the median price per square foot is 120 and the median market rent is 950, while rent is showing a year-over-year down trend, indicating rental income pressure relative to sale-value metrics.
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Financing and market context are headwinds: interest rate pressure is noted as elevated with current local 30-year fixed mortgage rates at 6.35% (about 0.6% higher than earlier 2026 levels), which may constrain buyer purchasing power and slow absorption despite a neutral market temperature.
Notable Properties
The following 7 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold below market average
Sold at market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 1.1% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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