Indianapolis, IN 46220 Real Estate Market Report

ZIP Code: 46220
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The real estate market in Indianapolis, IN (ZIP: 46220) is characterized by a median sold price of $314,500, indicating a stable environment with modest price appreciation. Although the market has seen an increase in inventory levels, the median listing price stands at $324,000, suggesting some pricing friction as sellers adjust expectations to align with buyer sentiment. The neighborhood has experienced stable conditions, with the median days on market reaching 321 days, reflecting a slower sales velocity that may indicate a need for strategic pricing adjustments by sellers.

Overall, the market temperature is classified as neutral, which suggests a balanced environment where supply and demand are relatively aligned. With the median market rent at $1,570, rental demand remains robust, further supporting the local real estate landscape. The property tax rate is recorded at 1.07%, which may influence buyer affordability and investment decisions moving forward.

---

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

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.

---

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

1. $314,500 is the median sold price, reflecting stable market conditions with modest appreciation.

2. 321 days on the market indicates a slower sales velocity, suggesting that properties may require strategic pricing to attract buyers.

3. The median listing price of $324,000 shows a slight gap compared to the sold price, indicating potential pricing friction in the market.

4. With a neutral market temperature, the balance between supply and demand appears stable, providing a conducive environment for buyers and sellers alike.

5. $1,570 in median market rent suggests strong rental demand, which may support property values in the long term.

---

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.