Market Snapshot
- Median listing price
- $299K
- Median rent
- $1,919/mo
- Days on market
- 323 days
- Gross rental yield
- 7.70%
The median listing price in Indianapolis, IN ZIP 46239 is $299,000 as of June 2026.
The median market rent in Indianapolis, IN ZIP 46239 is $1,919/month as of June 2026.
The median days on market in Indianapolis, IN ZIP 46239 is 323 days as of June 2026. The market is currently neutral.
At a median list price of $299,000 and a median rent of $1,919/month, the gross rental yield in Indianapolis, IN ZIP 46239 is 7.70% as of June 2026.
Indianapolis, IN 46239 Real Estate Market Report
ZIP Code: 46239
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 Indianapolis 46239 area average approximately 6.53%, reflecting the broader 2026 market trend where rates have fluctuated between 6.0% and 7.0%.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price $272,000 is the best indicator of current market value and recent transaction activity in ZIP 46239; this representative recent sale level suggests modest price appreciation when viewed alongside market trends and should be the primary reference for valuation and comps. up
- median days on market 323 signals slower sales velocity and extended listing durations compared with typical suburban turnover, which may indicate pricing friction or that buyers are taking more time to decide in this neutral market; investors and sellers should plan for longer marketing windows. neutral
- median listing price $299,000 versus the median sold price highlights a pricing gap that may reflect seller optimism or listing-stage pricing strategies; this gap appears to create pricing friction that buyers can exploit through measured negotiation rather than aggressive offers.
- Current 30-year fixed mortgage rates in the Indianapolis 46239 area average approximately 6.53%, and with interest rate pressure described as moderate, financing costs are a tangible headwind that may temper buyer activity and keep transaction volumes balanced rather than overheated. moderate
- median market rent $1,919 combined with an upward rent year-over-year trend supports rental demand resilience in the area and suggests income fundamentals remain healthy for buy-to-rent scenarios; however, use the median sold price as your primary valuation anchor rather than rent alone. up
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
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 at 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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