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Market Snapshot

Median listing price
$194K

The median listing price in Indianapolis, IN ZIP 46225 is $194,450 as of June 2026.

Median rent
$1,399/mo

The median market rent in Indianapolis, IN ZIP 46225 is $1,399/month as of June 2026.

Days on market
483 days

The median days on market in Indianapolis, IN ZIP 46225 is 483 days as of June 2026. The market is currently neutral.

Gross rental yield
8.63%

At a median list price of $194,450 and a median rent of $1,399/month, the gross rental yield in Indianapolis, IN ZIP 46225 is 8.63% as of June 2026.

STR vs LTR
$2,055/mo STR · $1,399/mo LTR

In Indianapolis, IN ZIP 46225, median Airbnb revenue is $2,055/month compared to median long-term rent of $1,399/month as of June 2026.

Indianapolis, IN 46225 Real Estate Market Report

ZIP Code: 46225

Report Date: June 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.

Analysis Window
90 Days
Total Properties Analyzed
48
Active Listings
38
Sold Properties
10

Market Metrics

Median Listing Price
$194,450
Median Sold Price
$145,600
Median Price per Sqft
$131/sqft

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

Median Market Rent
$1,399

Property Taxes

Property Tax Rate
1.09%

Liquidity & Velocity

Median Days on Market
483
Sale-to-List Ratio
100.0%

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
flat
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 46225 area average 6.63%, reflecting a market environment 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

  1. The neighborhood's primary indicator, median sold price, is 145,600 and, with a price year-over-year trend of up, suggests recent transaction values are appreciating modestly in a neutral market temperature.
  2. There is a notable spread between the median listing price of 194,450 and the median sold price of 145,600, which may indicate pricing friction where seller expectations exceed realized sale prices; coupled with a long median days on market of 483, this points to slower sales velocity rather than rapid turnover.
  3. Market liquidity appears to be characterized by relatively constrained active supply in the analyzed sample and moderate transaction volume, which may support stable pricing for well-priced, affordable homes while creating selective competition for entry-level units.
  4. Rental and financing context: the median market rent is 1,399 with a rent year-over-year trend of flat, and interest rate pressure is moderate—current local 30-year fixed mortgage rates average 6.63%, a sustained elevated-rate environment that may temper buyer affordability and keep rental demand steady.

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

1401 S Alabama St, Indianapolis, IN 46225
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

3 beds3 baths2,800 sqft
$450,000
Apr 1, 2026
$161/sqft/sqft
97 days on market
1529 Union St, Indianapolis, IN 46225
Premium

Sold above market average

5 beds4 baths2,752 sqft
$422,500
Mar 1, 2026
$154/sqft/sqft
730 days on market
1334 Union St, Indianapolis, IN 46225
Premium

Sold above market average

3 beds2 baths1,424 sqft
$294,000
Mar 1, 2026
$206/sqft/sqft
2890 days on market
421 E Morris St, Indianapolis, IN 46225
Market Benchmark

Sold at market average

3 beds2 baths1,832 sqft
$240,000
Apr 1, 2026
$131/sqft/sqft
333 days on market
2502 S Delaware St, Indianapolis, IN 46225
Premium

Sold above market average

4 beds2 baths1,440 sqft
$230,000
Apr 1, 2026
$160/sqft/sqft
318 days on market
1902 Charles St, Indianapolis, IN 46225
Premium

Sold above market average

2 beds2 baths800 sqft
$212,500
Mar 1, 2026
$266/sqft/sqft
2587 days on market
2245 Union St, Indianapolis, IN 46225
Market Benchmark

Representative market sale establishing baseline for properties in the core neighborhood.

1 beds1 baths724 sqft
$129,900
Mar 1, 2026
$179/sqft/sqft
333 days on market
324 E Southern Ave, Indianapolis, IN 46225
Value

Sold below market average

2 beds2 baths912 sqft
$95,000
Apr 1, 2026
$104/sqft/sqft
396 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

$486/mo
46225 Avg Rent
46225 Cost to Own
Rent$1,399
Own$913

20% down, 6.53% rate, 1.1% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

46225 Avg nightly rate
46225 Avg occupancy (days/year)
Nightly rate$202/night
Occupancy105 of 365 days

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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