The story of this market
The typical home in ZIP 46250 sells for about $340,000, or $165 per square foot.
Prices are up +2.3% from a year ago, so sellers still have some momentum. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,326 a month.
ZIP 46250 — Indianapolis
The 46250 housing market shows steady demand with a median listing price of $340,000 and a low inventory of 46 active properties. Market conditions are driven by the area's central location and proximity to the Castleton commercial corridor, maintaining a stable sale-to-list ratio. Some figures, such as specific historical tax data, were not available at the ZIP level and are omitted.
This ZIP is well-suited for families and professionals who prioritize proximity to the Castleton retail hub and convenient highway access to the broader Indianapolis metro area.
Median prices moved up 2.3% year over year.
Homes spend a median of 52 days on market with 2.9 months of supply — a fast-moving market.
12% 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 4.6% · poverty 7.1% — a stable, low-distress profile.
ZCTA 46250, Marion County IN
The area is served by Washington Township schools, which are generally well-regarded within the Indianapolis metropolitan context.
The area is a mature suburban enclave of Indianapolis with proximity to the Castleton commercial corridor, which serves as a major retail and employment hub.
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 have direct access to I-69 and I-465, providing a standard suburban commute to downtown Indianapolis and the northern business districts.
The ZIP features proximity to the White River and various local parks, with extensive retail and dining options concentrated in the nearby Castleton Square area.
The rental market is characterized by a mix of apartment complexes and single-family rentals, with vacancy pressure remaining stable due to the area's central location.
The local economy is anchored by the retail and service sectors centered around the Castleton commercial district, with broader access to the Indianapolis life sciences and logistics industries.
The area is heavily reliant on personal vehicle transit via the I-69 and I-465 corridors, with limited public transit infrastructure.
Development is primarily focused on the revitalization of existing commercial properties and infill residential projects within the established suburban footprint.
The Marion County Assessor manages property valuations, utilizing a mass appraisal system for annual adjustments.
Parcels are subject to Metropolitan School District of Washington Township levies and standard Marion County municipal service districts.
Standard Indiana property insurance market with typical exposure to Midwestern severe weather events.
Data retrieved from ZipDataPortal and Census ACS profiles.
- Slick City Action Park4.516.1 mi
- Dave & Buster's Indianapolis3.90.7 mi
- Smiley Ocean Themed Adventure Park4.30.6 mi
- Sky Zone Trampoline Park4.30.7 mi
- The Waterpark4.35.2 mi
- Gainbridge Fieldhouse4.711 mi
- Lucas Oil Stadium4.711.4 mi
- Indianapolis Zoo4.511.4 mi
- Indianapolis Motor Speedway4.812 mi
- Indiana Convention Center4.611.1 mi
- The Children's Museum of Indianapolis4.78.3 mi
- Indianapolis Zoo4.511.4 mi
- Indianapolis Motor Speedway4.812 mi
- Conner Prairie4.65.7 mi
- Eagle Creek Park4.712.7 mi
- The Children's Museum of Indianapolis4.78.3 mi
- Newfields4.78.6 mi
- Conner Prairie4.65.7 mi
- Indianapolis Motor Speedway Museum4.812.2 mi
- Indiana State Museum4.711.1 mi
- Droplight Grand Park Sports Campus4.611.9 mi
- Newfields4.78.6 mi
- Conner Prairie4.65.7 mi
- Eagle Creek Park4.712.7 mi
- Fort Harrison State Park4.73.3 mi
- Morse Lake Marina4.313.1 mi
- White River Yacht Club4.64.2 mi
- Indianapolis Yacht Club4.66.8 mi
- SpeedWorx Marine - Docks & Lifts4.919 mi
- Topgolf Fishers4.54.7 mi
- Chatham Hills (The Club at Chatham Hills)4.612.9 mi
- Birdies Miniature Golf Course & Sports Bar4.310.6 mi
- Pebble Brook Golf Course & Grill4.310.1 mi
- Prairie View Golf Club4.55.1 mi
- Castleton Square4.20.4 mi
- The Fashion Mall at Keystone4.42.7 mi
- Saraga International Grocery4.310.7 mi
- Meijer4.46.8 mi
- Hamilton Town Center4.69.1 mi
- Indianapolis International Airport4.618 mi
- Flights Craft Bar & Kitchen3.916.1 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 regional shopping destination serving the northeast side of Indianapolis.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).