The story of this market
The typical home in ZIP 46237 sells for about $261,809, or $155 per square foot.
Prices are roughly flat from a year ago (-0.2%), a market in balance. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,279 a month.
ZIP 46237 — Indianapolis
The 46237 housing market is currently experiencing a period of stabilization with home values holding steady year-over-year. Inventory remains tight, which continues to support pricing despite broader economic headwinds. Buyers are finding a balanced market where competition is present but less aggressive than in previous years.
This ZIP code is well-suited for family buyers and commuters who prioritize suburban living with reasonable access to downtown Indianapolis. It offers a balance of affordability and established infrastructure, making it attractive to those seeking more square footage than is available in the city center.
Median prices moved down 0.2% year over year.
Homes spend a median of 32 days on market with 2.8 months of supply — a fast-moving market.
18% 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 2.9% · poverty 8.0% — a stable, low-distress 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 6.8%/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 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 46237, Marion County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the 46237 area are generally considered moderate, trending in line with broader suburban Indianapolis patterns. Residents typically report safety levels consistent with established residential neighborhoods in Marion County.
Schools serving the 46237 ZIP code are primarily part of the Perry Township Schools district, which is known for its diverse student population and ongoing efforts to manage rapid enrollment growth.
The area faces standard Midwestern climate risks, including occasional severe thunderstorms and wind events. Flood risk is generally low, though localized drainage issues can occur in specific low-lying developments.
Economic momentum is driven by proximity to the I-65 corridor and the expansion of logistics and healthcare employment hubs in southern Indianapolis. Development remains steady with a focus on infill residential projects and retail service expansion.
Property taxes are assessed by Marion County, with rates determined by the local taxing district which includes municipal, school, and special service levies. Indiana utilizes a circuit breaker tax cap system that limits property tax bills to a percentage of gross assessed value.
Commuters in 46237 primarily rely on I-65 and US-31 for access to downtown Indianapolis, typically resulting in a 20-30 minute drive depending on traffic. Public transit options are limited, making personal vehicle ownership the standard for employment access.
The area features several community parks and green spaces, including proximity to the expansive regional park systems in southern Indianapolis. Shopping and dining amenities are concentrated along the Southport Road and Emerson Avenue corridors.
The rental market is characterized by steady demand from families and commuters seeking suburban space outside the urban core. Vacancy rates remain low, and the area sees a mix of single-family home rentals and established apartment communities.
The local economy is anchored by the broader Indianapolis labor market, with significant employment in healthcare, logistics, and retail. Proximity to major distribution centers and the St. Francis Hospital system provides a stable employment base.
The area is served by a network of arterial roads connecting to I-65, providing the primary transit link to the Indianapolis metropolitan area. Public transportation is minimal, with the area designed primarily for automobile-based commuting.
Development activity is focused on residential infill and the modernization of existing commercial retail centers along major thoroughfares. There are no major mega-projects currently slated for the immediate ZIP code area.
Parcels are subject to Perry Township school district levies and standard Marion County municipal service districts. No major MUDs or PIDs are prevalent in this established suburban area.
Property insurance premiums in the region have seen moderate increases due to national trends in construction costs and severe weather risk adjustments. The market remains stable with standard coverage availability.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Slick City Action Park4.518 mi
- Dave & Buster's Indianapolis3.916.8 mi
- Smiley Ocean Themed Adventure Park4.317 mi
- Sky Zone Trampoline Park4.316.9 mi
- Dave & Buster's4.33 mi
- Gainbridge Fieldhouse4.77.8 mi
- Lucas Oil Stadium4.77.8 mi
- Indianapolis Zoo4.58.7 mi
- Indianapolis Motor Speedway4.812.1 mi
- Indiana Convention Center4.68.1 mi
- The Children's Museum of Indianapolis4.710.8 mi
- Indianapolis Zoo4.58.7 mi
- Indianapolis Motor Speedway4.812.1 mi
- AMC Indianapolis 174.44.5 mi
- White River State Park4.78.4 mi
- The Children's Museum of Indianapolis4.710.8 mi
- Newfields4.712.3 mi
- Indianapolis Motor Speedway Museum4.811.8 mi
- Indiana State Museum4.78.5 mi
- Soldiers & Sailors Monument4.78.2 mi
- Newfields4.712.3 mi
- White River State Park4.78.4 mi
- Garfield Park4.55.9 mi
- Indianapolis Canal Walk4.78.7 mi
- Indiana War Memorial & Museum4.78.4 mi
- White River Yacht Club4.615.8 mi
- Indianapolis Yacht Club4.619.8 mi
- The Hangar4.97.6 mi
- Southern Dunes Golf Course4.17 mi
- Brickyard Crossing4.611.5 mi
- Pleasant Run Golf Course4.47.8 mi
- Hickory Stick Golf Club4.69.8 mi
- Greenwood Park Mall4.43 mi
- Meijer4.30.3 mi
- T.J. Maxx4.28.2 mi
- Meijer4.29.8 mi
- Rural King4.44.5 mi
- Indianapolis International Airport4.612.3 mi
- Flights Craft Bar & Kitchen3.910.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park offering green space and recreational facilities.
Primary commercial artery serving the ZIP with various retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.