The housing market in the 46205 zip code of Indianapolis, IN is thriving, based on the figures given. The median house value in this area is currently $248,200 which is significantly lower than the US median of $338,100. The 1 year house appreciation rate for Indianapolis stands at 10.28%, higher than the US average of 8.27%. This means that over the last year, housing values in Indianapolis have grown faster and increased more than other areas across the country. With an encouraging appreciation rate and a relatively low median house value, investment in real estate in this area may be very lucrative for those interested in it.
The median home cost in Indianapolis (zip 46205) is $248,200. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Indianapolis (zip 46205) is up 17.3%.
Average Age of Homes
- The median age of Indianapolis (zip 46205) real estate is 78 years old
The Rental Market in Indianapolis (zip 46205)
- Renters make up 44.3% of the Indianapolis (zip 46205) population
- 4.1% of houses and apartments in Indianapolis (zip 46205), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.