Market Snapshot
- Median listing price
- $175K
- Median rent
- $1,810/mo
- Days on market
- 356 days
- Gross rental yield
- 12.41%
- STR vs LTR
- $1,016/mo STR · $1,810/mo LTR
The median listing price in Indianapolis, IN ZIP 46235 is $175,000 as of June 2026.
The median market rent in Indianapolis, IN ZIP 46235 is $1,810/month as of June 2026.
The median days on market in Indianapolis, IN ZIP 46235 is 356 days as of June 2026. The market is currently neutral.
At a median list price of $175,000 and a median rent of $1,810/month, the gross rental yield in Indianapolis, IN ZIP 46235 is 12.41% as of June 2026.
In Indianapolis, IN ZIP 46235, median Airbnb revenue is $1,016/month compared to median long-term rent of $1,810/month as of June 2026.
Indianapolis, IN 46235 Real Estate Market Report
ZIP Code: 46235
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
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 46235 area average 6.63%, reflecting the broader market environment for property owners in this region.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary market indicator, the median sold price is 159,000, which anchors valuations and reflects recent transaction activity; given the median listing price of 175,000, sellers' asking expectations appear higher than recent closed values, which may indicate pricing friction between listing and transaction levels.
- Sales velocity is slow based on the median days on market of 356, which suggests slower transaction volume and prolonged time-to-contract for typical SFR and condo offerings in this ZIP code.
- Market direction shows appreciation with the price trend labeled up and rent trend up, supporting continued capital and rental demand; combined with a median market rent of 1,810, this implies rental fundamentals remain supportive for investor interest and landlord pricing strategies (upward rent pressure).
- Financial headwinds are present: interest rate pressure is elevated and local 30-year fixed mortgage rates average 6.63%, which elevates carrying costs and may constrain buyer affordability despite a broadly neutral market temperature of neutral.
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.
Sold at market average
Sold above market average
Sold above market average
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
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, 1.1% 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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