Indianapolis, IN 46220 Real Estate Market Report

ZIP Code: 46220
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.

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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

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.

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Key Findings

1. The primary indicator of recent market value is the median sold price of 315,000, which anchors transaction-based pricing and suggests the neighborhood’s realized market value is below the median listing price of 327,450, indicating pricing friction between ask and achieved prices.

2. The median days on market is 252, which points to slower sales velocity; combined with a relatively constrained active supply in the analyzed sample, this suggests paced transaction turnover rather than rapid bidding wars and may require sellers to be patient on time to close. neutral market temperature context supports this balanced pace.

3. Rental fundamentals show a median market rent of 1,511 and a rent year-over-year trend of up, indicating continued rental demand that can support investor interest—however, avoid inferring yields absent explicit income or cap-rate data.

4. Interest rate pressure is elevated, which, alongside a price year-over-year trend of up and an overall market temperature described as neutral, suggests affordability headwinds could moderate buyer urgency and keep the market balanced rather than strongly favoring sellers.

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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.

Indianapolis, IN 46220 Real Estate Market Report

ZIP Code: 46220
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.

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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

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Property Taxes

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Liquidity & Velocity

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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.

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Key Findings

1. median sold price: 277,450 — This figure serves as the primary indicator of realized market value for 46220; recent transactions suggest modest appreciation consistent with the reported price year-over-year trend being up, so pricing strategies should reference this representative recent sale when setting expectations for offers and comps.

2. median days on market: 645 — The very long median days on market points to slower sales velocity and pricing friction; sellers should consider pre-market improvements or competitive pricing to reduce time to contract, while buyers may find more room for negotiation given the extended marketing timelines (stable to cautious liquidity signal).

3. median price per square foot: 206 — Use this per-square-foot benchmark when underwriting valuations and comparative analyses; paired with the median sold price, it helps identify whether listing price expectations are aligned with realized transaction metrics and where adjustments may be required to accelerate sales (neutral market context).

4. median market rent: 1,425 — Rental demand and income potential remain supportive, with rent year-over-year trend up, which can inform investor underwriting and long-term hold strategies; however, elevated interest rate pressure (elevated) may increase financing costs and should be modeled explicitly in deal pro formas.

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Notable Properties

The following 4 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.