Indianapolis, IN Home Values (2026)
The median home value in Indianapolis is about $260,000 (~$156/sq ft) — 10% more affordable than the typical U.S. home. Below: how Indianapolis compares, values by home size and ZIP code, and a free tool for your own address.
Thinking of moving to Indianapolis?
Here’s what the numbers say about housing costs in Indianapolis. A typical home runs about $260,000, which is 10% more affordable than the national median and 11% more expensive than the Indiana average. At roughly $156 per square foot, a median budget here buys you around 1,670 sq ft of home.
Prices swing a lot by neighborhood: across Indianapolis’s 34 ZIP codes, the most affordable is 46218 (~$118,000) and the priciest is 46290 (~$460,000) — roughly a 3.9× difference. If you’re relocating, that spread is where the real budgeting happens, so it pays to target ZIP by ZIP rather than the citywide average.
Indianapolis home value by size
Using the local rate of about $156 per square foot, here’s a rough estimate by home size. Condition, lot, and exact location move these meaningfully.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $156,000 |
| 1,500 sq ft | $234,000 |
| 2,000 sq ft | $312,000 |
| 2,500 sq ft | $390,000 |
| 3,000 sq ft | $468,000 |
Estimate your specific home in Indianapolis
Enter your ZIP and size for an instant estimate tailored to your exact area:
Home values by ZIP code in Indianapolis, IN
Typical value and price per square foot for each Indianapolis ZIP code we have data for:
| ZIP code | Typical value | $ / sq ft |
|---|---|---|
| 46290 | $460,000 | $242 |
| 46278 | $433,000 | $164 |
| 46259 | $375,000 | $156 |
| 46240 | $370,000 | $198 |
| 46202 | $353,000 | $238 |
| 46256 | $349,000 | $173 |
| 46220 | $348,000 | $208 |
| 46204 | $346,000 | $280 |
| 46250 | $333,000 | $170 |
| 46260 | $312,000 | $169 |
| 46239 | $297,000 | $150 |
| 46234 | $282,000 | $161 |
| 46113 | $281,000 | $146 |
| 46228 | $275,000 | $171 |
| 46237 | $263,000 | $154 |
| 46205 | $262,000 | $176 |
| 46217 | $261,000 | $158 |
| 46231 | $259,000 | $148 |
| 46268 | $258,000 | $155 |
| 46214 | $234,000 | $150 |
| 46227 | $231,000 | $154 |
| 46254 | $225,000 | $156 |
| 46229 | $221,000 | $136 |
| 46235 | $221,000 | $141 |
| 46221 | $213,000 | $153 |
| 46219 | $191,000 | $144 |
| 46208 | $181,000 | $141 |
| 46225 | $180,000 | $168 |
| 46203 | $171,000 | $176 |
| 46226 | $166,000 | $140 |
| 46241 | $161,000 | $156 |
| 46201 | $157,000 | $147 |
| 46222 | $131,000 | $155 |
| 46218 | $118,000 | $133 |
Grow your home’s value in Indianapolis
Use our Increase Home Value calculator to see which improvements add the most, or read the pre-sale projects that actually pay off. See how Indianapolis stacks up against other Indiana cities on the Indiana home values page, or browse the full U.S. directory.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. Actual values vary by home and change over time.