Indianapolis, IN 46226 Real Estate Market Report

ZIP Code: 46226
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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 46226 area are averaging 6.49%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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 neighborhood's primary market indicator is the median sold price $169,000, which reflects recent transaction activity and suggests a representative recent sale level in the area; market pricing remains broadly stable given the neutral market temperature and flat year-over-year price trend.

2. There is a persistent gap between the median listing price $178,450 and the median sold price $169,000, which may indicate pricing friction or seller optimism versus completed transactions; approach listing expectations with caution when underwriting or pricing offers.

3. Liquidity appears muted: the median days on market 273 points to slower sales velocity and suggests transactions may take longer to close in this ZIP code; expect longer holding periods for listing-to-sale timelines when modeling cash flow or timing exits.

4. Rental fundamentals show upside momentum with median market rent $1,180 and a rent year-over-year trend of up, while interest rate pressure at moderate and local 30-year fixed mortgage averages around 6.49% suggest financing costs are stable but remain a meaningful consideration for investor underwriting.

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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 46226 Real Estate Market Report

ZIP Code: 46226
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

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

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.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 46226 area are averaging 6.49%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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 primary indicator of market value is the median sold price: 185,500 — this representative recent sale level, combined with a flat price year-over-year trend, suggests stable valuations rather than rapid appreciation or decline.

2. Market liquidity appears muted based on the median days on market of 351, which points to slower sales velocity and greater pricing friction for sellers relative to faster-turning submarkets.

3. Price and rental context: the median price per square foot is 113 while the median market rent is 800; with rent year-over-year trending up, rental demand appears relatively supportive even as sales slow.

4. Overall market balance is neutral: the market temperature is reported as neutral and interest rate pressure is moderate, with current 30-year fixed mortgage rates averaging 6.49%, which may keep buyer activity measured but not sharply constrained.

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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.