Indianapolis, IN 46220 Real Estate Market Report

ZIP Code: 46220
Report Date: February 2026
Market Temperature: N/A
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Indianapolis, IN (ZIP: 46220) reflects a median sold price of $349,900, indicating a stable market environment. The absence of historical sold price change data limits our ability to assess long-term trends, but the current median sold price suggests a consistent valuation in recent transactions. The market appears to be characterized by elevated inventory levels, which may indicate a slower sales velocity in the area, as properties are taking a median of 167 days to sell.

Despite the elevated inventory, the median listing price stands at $365,000, creating a notable gap between asking and sold prices. This discrepancy may suggest pricing friction, where sellers are adjusting expectations in response to market realities. The overall market conditions appear to be balanced, with moderate transaction volume and excess supply relative to sales activity, indicating potential opportunities for buyers in this environment.

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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.

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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.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates for Indianapolis IN 46220 are around 5.75% to 6.85%, which is lower than the 6.85% average rate seen earlier in 2026, presenting a potential cost opportunity for refinancing.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $349,900 indicates stable market conditions, reflecting actual transaction values.

2. With a median listing price of $365,000, there is a notable gap that may suggest pricing friction in the market.

3. Properties are taking a median of 167 days on market, indicating slower sales velocity and potential buyer hesitance.

4. The median price per square foot is $236.36, providing a benchmark for property valuation in the area.

5. The median market rent is $1,570, suggesting a competitive rental market that may influence buyer interest.

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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.