Indianapolis, IN 46219 Real Estate Market Report
ZIP Code: 46219
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
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
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The primary indicator of local market value is the median sold price of 179,950, which, combined with an upward price year-over-year trend, suggests recent transaction-level price appreciation; up price pressure may support sellers of well‑priced homes.
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There is a meaningful gap between the median listing price of 189,950 and the median sold price of 179,950, which may indicate pricing friction where sellers' expectations exceed realized transaction values and suggests more aggressive pricing or concessions may be required to secure offers.
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Market liquidity appears muted: the median days on market of 256 points to slower sales velocity, and the sample shows elevated inventory relative to sales activity, which together may prolong time-to-contract and increase the importance of competitive pricing and condition for faster closings.
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Supportive rental fundamentals (median market rent 950) and a median price per square foot of 137 provide context for investor interest, but elevated interest rate pressure and a neutral market temperature suggest transactional activity may remain balanced rather than strongly demand-driven; elevated interest rate pressure should be factored into pricing and financing strategies.
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 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 46219 Real Estate Market Report
ZIP Code: 46219
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
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 value signal is the median sold price of 153,900, which represents the representative recent sale level for SFR and condo transactions and should be treated as the benchmark for appraisals and underwriting.
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Sales velocity appears slow given the median days on market of 463, which suggests longer time-to-contract and pricing friction that may require seller concessions or more competitive pricing strategies.
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Price efficiency is modest: the median price per square foot is 165 while rental support shows a median market rent of 950, indicating rental demand remains present and may help stabilize values for buy-to-rent investors.
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Market direction is mixed: the price year-over-year trend is up and rent year-over-year trend is up, while market temperature is neutral and interest rate pressure is elevated, which together suggest modest appreciation potential but higher financing costs may constrain transaction volume.
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
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.
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.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.5% rate, 1.0% 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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