Market Snapshot
- Median listing price
- $272K
- Median rent
- $1,799/mo
- Days on market
- 304 days
- Gross rental yield
- 7.93%
- STR vs LTR
- $3,906/mo STR · $1,799/mo LTR
The median listing price in Indianapolis, IN ZIP 46217 is $272,400 as of June 2026.
The median market rent in Indianapolis, IN ZIP 46217 is $1,799/month as of June 2026.
The median days on market in Indianapolis, IN ZIP 46217 is 304 days as of June 2026. The market is currently neutral.
At a median list price of $272,400 and a median rent of $1,799/month, the gross rental yield in Indianapolis, IN ZIP 46217 is 7.93% as of June 2026.
In Indianapolis, IN ZIP 46217, median Airbnb revenue is $3,906/month compared to median long-term rent of $1,799/month as of June 2026.
Indianapolis, IN 46217 Real Estate Market Report
ZIP Code: 46217
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
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
- The primary market indicator is the $250,450 median sold price, which represents the most reliable measure of realized value and recent transaction activity in the neighborhood; treat this as the reference point for valuation discussions. neutral
- The $272,400 median listing price exceeds the median sold price of $250,450, which may indicate pricing friction or seller expectations above recently completed transactions and suggests some negotiation room for buyers. softening
- The 304 days on market median indicates materially slower sales velocity compared with typical market turnover and may signal longer listing durations and reduced liquidity; this appears consistent with a balanced market where time-to-contract is extended. moderate
- Market context shows a neutral market temperature with prices up year-over-year and rents up year-over-year, while interest rate pressure is elevated; this combination suggests cautious buyer activity and continued rent support for investors.
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 at market average
Sold below 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
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, 1.2% 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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