Market Snapshot
- Median listing price
- $166K
- Median rent
- $1,450/mo
- Days on market
- 340 days
- Gross rental yield
- 10.51%
- STR vs LTR
- $1,285/mo STR · $1,450/mo LTR
The median listing price in Indianapolis, IN ZIP 46241 is $165,500 as of June 2026.
The median market rent in Indianapolis, IN ZIP 46241 is $1,450/month as of June 2026.
The median days on market in Indianapolis, IN ZIP 46241 is 340 days as of June 2026. The market is currently neutral.
At a median list price of $165,500 and a median rent of $1,450/month, the gross rental yield in Indianapolis, IN ZIP 46241 is 10.51% as of June 2026.
In Indianapolis, IN ZIP 46241, median Airbnb revenue is $1,285/month compared to median long-term rent of $1,450/month as of June 2026.
Indianapolis, IN 46241 Real Estate Market Report
ZIP Code: 46241
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.
Key Findings
- The primary market-value indicator is the median sold price of 164,000, which represents the most reliable recent transaction benchmark for pricing decisions in ZIP 46241 and should guide offer and appraisal strategies given current conditions.
- Despite a median listing price of 165,500, transaction evidence centers on the median sold price of 164,000, suggesting modest pricing friction between seller expectations and recent sale outcomes; consider conservative list-to-offer pricing or targeted concessions to expedite closings. moderate pricing gap
- The median days on market of 340 implies slower sales velocity and extended time-to-close for typical SFR and condo listings, which may indicate the need for more aggressive marketing, price adjustments, or staging to reduce holding costs and improve liquidity. slower sales velocity
- Broader indicators show prices and rents are trending up (price year-over-year trend: up; rent year-over-year trend: up) while interest rate pressure is elevated; prioritize buyers with rate-sensitive financing strategies and sellers who can demonstrate rental income or strong comparables to justify pricing. 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 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.
Sold below market average
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, 6.50% 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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