Market Snapshot
- Median listing price
- $280K
- Median rent
- $1,805/mo
- Days on market
- 341 days
- Gross rental yield
- 7.73%
- STR vs LTR
- $2,691/mo STR · $1,805/mo LTR
The median listing price in Indianapolis, IN ZIP 46237 is $280,102.5 as of June 2026.
The median market rent in Indianapolis, IN ZIP 46237 is $1,805/month as of June 2026.
The median days on market in Indianapolis, IN ZIP 46237 is 341 days as of June 2026. The market is currently neutral.
At a median list price of $280,102.5 and a median rent of $1,805/month, the gross rental yield in Indianapolis, IN ZIP 46237 is 7.73% as of June 2026.
In Indianapolis, IN ZIP 46237, median Airbnb revenue is $2,691/month compared to median long-term rent of $1,805/month as of June 2026.
Indianapolis, IN 46237 Real Estate Market Report
ZIP Code: 46237
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 for properties in Indianapolis, IN 46237 are averaging approximately 6.53%, reflecting a stable market environment compared to earlier 2026 levels.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The median sold price is 222,000, which serves as the primary indicator of recent market value; with the price year-over-year trend reported as up, this points to modest transaction-level appreciation.
- The median sold price is 222,000 while the median listing price is 280,103, which may indicate pricing friction where seller expectations exceed recent transaction levels; combined with a median days on market of 341, this appears to be contributing to slower sales velocity.
- The median sold price is 222,000 and, given elevated inventory relative to sales activity alongside a market temperature described as neutral, the area appears relatively balanced but with enough supply to prolong negotiating timelines and create pricing friction.
- The median sold price is 222,000 and, in the context of elevated interest rate pressure and a rent year-over-year trend that is up (median market rent 1,805), buyers and investors should plan for financing sensitivity even as rental demand metrics show upward pressure.
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 at market average
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
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, 1.0% 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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