Market Snapshot
- Median listing price
- $190K
- Median rent
- $1,150/mo
- Days on market
- 405 days
- Gross rental yield
- 7.27%
- STR vs LTR
- $1,252/mo STR · $1,150/mo LTR
The median listing price in Indianapolis, IN ZIP 46208 is $189,900 as of June 2026.
The median market rent in Indianapolis, IN ZIP 46208 is $1,150/month as of June 2026.
The median days on market in Indianapolis, IN ZIP 46208 is 405 days as of June 2026. The market is currently neutral.
At a median list price of $189,900 and a median rent of $1,150/month, the gross rental yield in Indianapolis, IN ZIP 46208 is 7.27% as of June 2026.
In Indianapolis, IN ZIP 46208, median Airbnb revenue is $1,252/month compared to median long-term rent of $1,150/month as of June 2026.
Indianapolis, IN 46208 Real Estate Market Report
ZIP Code: 46208
Report Date: June 2026
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
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.
Key Findings
- $124,150 median sold price remains the primary indicator of market value and recent transactions in 46208, and it suggests that recent closings are concentrated at lower price tiers while broader listing expectations sit higher; up year-over-year price momentum supports modest appreciation in the lower-priced segment.
- 405 median days on market points to slower sales velocity, which may indicate extended negotiate cycles and persistent pricing friction even as transactions occur—expect longer lead times to close deals compared with faster-moving submarkets.
- $189,900 median listing price, compared to the median sold price, highlights a meaningful gap between seller expectations and recent transaction levels that appears to create pricing friction; sellers and agents should consider pricing alignment or stronger marketing to accelerate offers.
- Interest rate pressure is elevated and the market temperature is neutral, while rents are up year-over-year; together these signals suggest buyers face financing headwinds even as local rent growth supports demand for SFR and condominium units—manage underwriting conservatively and prioritize properties with clear value drivers.
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
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below 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, 6.50% 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: 6/1/2026
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