The story of this market
The typical home in ZIP 46202 sells for about $444,100, or $205 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,288 a month.
ZIP 46202 — Indianapolis
The 46202 housing market shows steady momentum with a median home value of $354,642 and a relatively low days-on-market figure of 25 days. Demand is driven by the area's proximity to downtown employment hubs and the ongoing development of the 16 Tech Innovation District. While inventory remains tight, the market is characterized by consistent interest from urban professionals and investors.
This ZIP is ideal for young professionals, students, and urban-focused buyers who prioritize proximity to downtown employment, healthcare, and cultural amenities over suburban space.
Median prices moved up 0.7% year over year.
Homes spend a median of 25 days on market with 4.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 22.6% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 10.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 46202, Marion County, IN
The area experiences higher property crime rates compared to the national average, consistent with its dense urban core location in Indianapolis.
Public schools in the area are part of the Indianapolis Public Schools district, which faces ongoing challenges with academic performance and resource allocation.
The area is primarily an urban environment with standard risks for wind and storm damage; flood risk is localized to specific low-lying areas near the White River.
The ZIP code benefits from proximity to the Indiana University-Purdue University Indianapolis (IUPUI) campus and the downtown medical district, driving consistent demand for urban housing.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents enjoy excellent access to downtown Indianapolis via major thoroughfares and public transit, making it a prime location for urban commuters.
The area features significant urban amenities including the Indianapolis Cultural Trail, White River State Park, and proximity to major museums and sports venues.
The rental market is highly active due to the large student and young professional population, with steady demand and moderate vacancy pressure.
The economy is anchored by the healthcare and education sectors, specifically the IU Health system and the IUPUI campus.
The area is served by a robust network of city streets and is highly accessible via the IndyGo bus system.
Ongoing redevelopment of the near-northside neighborhoods continues to add residential density and commercial space.
Parcels are subject to Indianapolis Public Schools and Marion County municipal tax districts.
Standard urban property insurance rates apply; premiums are generally stable but sensitive to regional weather events.
Data retrieved from Census Reporter and data.census.gov.
- Slick City Action Park4.510.4 mi
- Dave & Buster's Indianapolis3.99.4 mi
- Smiley Ocean Themed Adventure Park4.39.7 mi
- Sky Zone Trampoline Park4.310.1 mi
- The Waterpark4.311.3 mi
- Gainbridge Fieldhouse4.71.7 mi
- Lucas Oil Stadium4.72 mi
- Indianapolis Zoo4.51.9 mi
- Indianapolis Motor Speedway4.84.2 mi
- Indiana Convention Center4.61.6 mi
- The Children's Museum of Indianapolis4.71.5 mi
- Indianapolis Zoo4.51.9 mi
- Indianapolis Motor Speedway4.84.2 mi
- AMC Indianapolis 174.46 mi
- Eagle Creek Park4.79.4 mi
- The Children's Museum of Indianapolis4.71.5 mi
- Newfields4.73 mi
- Conner Prairie4.615.2 mi
- Indianapolis Motor Speedway Museum4.84.1 mi
- Indiana State Museum4.71.5 mi
- Newfields4.73 mi
- Eagle Creek Park4.79.4 mi
- Fort Harrison State Park4.79.2 mi
- White River State Park4.71.7 mi
- Holliday Park4.85.7 mi
- White River Yacht Club4.67.1 mi
- The Fort Golf Resort4.49.3 mi
- The Hangar4.92 mi
- Golf Galaxy3.99.6 mi
- Brickyard Crossing4.63.8 mi
- Southern Dunes Golf Course4.110.3 mi
- Castleton Square4.29.7 mi
- Greenwood Park Mall4.410.9 mi
- The Fashion Mall at Keystone4.49.1 mi
- Saraga International Grocery4.34.2 mi
- Meijer4.412.8 mi
- Indianapolis International Airport4.68.9 mi
- Flights Craft Bar & Kitchen3.96.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major urban green space featuring trails and river access.
A world-class urban bike and pedestrian path connecting downtown districts.
Prominent museum focusing on Native American and Western art.
Key-figure check: median price diverges 20.1% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $354,642 (-20.1% vs the prior refresh cycle) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.