Market Snapshot
- Median listing price
- $355K
- Median rent
- $1,820/mo
- Days on market
- 343 days
- Gross rental yield
- 6.15%
The median listing price in Indianapolis, IN ZIP 46236 is $355,000 as of July 2026.
The median market rent in Indianapolis, IN ZIP 46236 is $1,820/month as of July 2026.
The median days on market in Indianapolis, IN ZIP 46236 is 343 days as of July 2026. The market is currently neutral.
At a median list price of $355,000 and a median rent of $1,820/month, the gross rental yield in Indianapolis, IN ZIP 46236 is 6.15% as of July 2026.
Indianapolis, IN 46236 Real Estate Market Report
ZIP Code: 46236
Report Date: July 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 Indianapolis, IN are 6.72% compared to the 6.02% average observed earlier in 2026, reflecting a market-wide increase in borrowing costs.
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, 343,350, represents the median sold price and points to modest appreciation consistent with recent transaction activity; given the neutral market temperature, this suggests pricing is stable rather than rapidly accelerating or collapsing.
- The gap between the 355,000 median listing price and the 343,350 median sold price suggests some seller pricing optimism; this pricing friction appears to be resolving slowly, as supported by the very long median days on market of 343, which indicates slower sales velocity and extended time to agreement.
- With a median price per square foot of 172 and a median market rent of 1,820, the local SFR and condo market shows continued rent growth (rent up year-over-year) while sales-side momentum is steady—investors should note rising rents but also account for elevated interest rate pressure when underwriting.
- Market liquidity appears balanced to cooling: the reported market temperature is neutral, price year-over-year trend is up, but interest rate pressure is elevated, so expect modest buyer leverage and measured transaction activity rather than rapid turnover.
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 above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
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
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 1.0% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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