ZIP Code 46038 — Fishers, IN Home Prices (2026)
The typical home in ZIP 46038 (Fishers, Indiana) is worth about $385,000 at roughly $181 per square foot — 19% more affordable than the Fishers median and 31% more expensive than the typical U.S. home.
How 46038 compares
ZIP 46038 is one of the more affordable ZIP codes in Fishers: its typical home value of $385,000 ranks #3 of the 3 Fishers ZIP codes we track (the citywide range runs from $385,000 in 46038 to $506,000 in 46040). Per square foot it costs about $181, against $181 for Fishers as a whole, $155 for Indiana, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 46038 | $385,000 | $181 |
| Fishers, IN | $478,000 | $181 |
| Indiana | $237,000 | $155 |
| United States | $294,000 | $195 |
Home value by size in 46038
Using this ZIP’s rate of about $181 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $181,000 |
| 1,500 sq ft | $271,500 |
| 2,000 sq ft | $362,000 |
| 2,500 sq ft | $452,500 |
| 3,000 sq ft | $543,000 |
Salary needed to buy a home in ZIP 46038
To buy the typical $385,000 home in ZIP 46038 with 20% down, you need a household income of roughly $105,000 a year (about $2,440 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $124,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $19,300 | $3,040/mo | $130,000/yr |
| 10% (+PMI) | $38,500 | $2,900/mo | $124,000/yr |
| 20% | $77,000 | $2,440/mo | $105,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 46038
At about $181 per square foot, here is roughly how much home different budgets get you in ZIP 46038:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 1100 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1380 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1660 sq ft | below the local median — condos, smaller or older homes |
| $400k | 2210 sq ft | around the typical home here |
| $500k | 2760 sq ft | around the typical home here |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 46038 home.
Estimate a specific home in 46038
The estimator below is pre-set to ZIP 46038 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Fishers ZIP codes by home value
Where 46038 sits among Fishers’s 3 ZIP codes:
ZIP 46038 home prices: frequently asked
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See the full Fishers home values page, all Indiana cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.