Market Snapshot
- Median listing price
- $166K
- Median rent
- $1,150/mo
- Days on market
- 326 days
- Gross rental yield
- 8.29%
- STR vs LTR
- $1,967/mo STR · $1,150/mo LTR
The median listing price in Indianapolis, IN ZIP 46222 is $166,450 as of June 2026.
The median market rent in Indianapolis, IN ZIP 46222 is $1,150/month as of June 2026.
The median days on market in Indianapolis, IN ZIP 46222 is 326 days as of June 2026. The market is currently neutral.
At a median list price of $166,450 and a median rent of $1,150/month, the gross rental yield in Indianapolis, IN ZIP 46222 is 8.29% as of June 2026.
In Indianapolis, IN ZIP 46222, median Airbnb revenue is $1,967/month compared to median long-term rent of $1,150/month as of June 2026.
Indianapolis, IN 46222 Real Estate Market Report
ZIP Code: 46222
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
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
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.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Indianapolis are averaging approximately 6.63%, reflecting a market where rates have remained elevated above 6% throughout 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary indicator of recent market value is the median sold price of 119,600, which—when viewed against the median listing price of 166,450—suggests pricing friction between seller expectations and completed transactions.
- Extended time to contract is evident: the median days on market is 326, which points to slower sales velocity and reduced liquidity relative to faster-moving markets.
- Measured pricing context shows a median price per square foot of 118 alongside a median market rent of 1,150; combined with a up price year-over-year trend and up rent year-over-year trend, this suggests modest appreciation and continued rental demand supportive of investor interest.
- Interest-rate conditions are a headwind: current 30-year fixed mortgage rates are approximately 6.63%, and interest rate pressure is characterized as moderate, which may temper buyer purchasing power and slow transaction velocity.
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.
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
Sold below market average
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, 6.53% rate, 1.4% 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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