ZIP Code 46235 — Indianapolis, IN Home Prices (2026)
The typical home in ZIP 46235 (Indianapolis, Indiana) is worth about $219,000 at roughly $134 per square foot — 15% more affordable than the Indianapolis median and 26% more affordable than the typical U.S. home.
How 46235 compares
ZIP 46235 is one of the more affordable ZIP codes in Indianapolis: its typical home value of $219,000 ranks #24 of the 34 Indianapolis ZIP codes we track (the citywide range runs from $115,000 in 46218 to $460,000 in 46290). Per square foot it costs about $134, against $157 for Indianapolis as a whole, $155 for Indiana, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 46235 | $219,000 | $134 |
| Indianapolis, IN | $259,000 | $157 |
| Indiana | $237,000 | $155 |
| United States | $294,000 | $195 |
Home value by size in 46235
Using this ZIP’s rate of about $134 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 | $134,000 |
| 1,500 sq ft | $201,000 |
| 2,000 sq ft | $268,000 |
| 2,500 sq ft | $335,000 |
| 3,000 sq ft | $402,000 |
Salary needed to buy a home in ZIP 46235
To buy the typical $219,000 home in ZIP 46235 with 20% down, you need a household income of roughly $60,000 a year (about $1,390 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $71,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $11,000 | $1,730/mo | $74,000/yr |
| 10% (+PMI) | $21,900 | $1,650/mo | $71,000/yr |
| 20% | $43,800 | $1,390/mo | $60,000/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 46235
At about $134 per square foot, here is roughly how much home different budgets get you in ZIP 46235:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $150k | 1120 sq ft | below the local median — condos, smaller or older homes |
| $200k | 1490 sq ft | around the typical home here |
| $250k | 1870 sq ft | around the typical home here |
| $300k | 2240 sq ft | above the median — larger homes or the pricier ZIPs |
| $400k | 2990 sq ft | above the median — larger homes or the pricier ZIPs |
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 46235 home.
Estimate a specific home in 46235
The estimator below is pre-set to ZIP 46235 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Indianapolis ZIP codes by home value
Where 46235 sits among Indianapolis’s 34 ZIP codes:
| # | ZIP code | Typical value | $ / sq ft |
|---|---|---|---|
| 1 | 46290 | $460,000 | $242 |
| 2 | 46278 | $435,000 | $156 |
| 3 | 46259 | $379,000 | $162 |
| 4 | 46240 | $371,000 | $206 |
| 5 | 46202 | $353,000 | $232 |
| 6 | 46204 | $350,000 | $276 |
| 7 | 46256 | $350,000 | $164 |
| 8 | 46220 | $349,000 | $206 |
| 9 | 46250 | $334,000 | $168 |
| 10 | 46260 | $311,000 | $169 |
| 11 | 46239 | $296,000 | $150 |
| 12 | 46234 | $282,000 | $158 |
| 13 | 46113 | $281,000 | $151 |
| 14 | 46228 | $273,000 | $164 |
| 15 | 46205 | $263,000 | $172 |
| 16 | 46237 | $262,000 | $156 |
| 17 | 46217 | $260,000 | $164 |
| 18 | 46231 | $258,000 | $142 |
| 19 | 46268 | $257,000 | $150 |
| 20 | 46214 | $233,000 | $154 |
| 21 | 46227 | $230,000 | $146 |
| 22 | 46254 | $223,000 | $152 |
| 23 | 46229 | $219,000 | $139 |
| 24 | 46235 (this page) | $219,000 | $134 |
| 25 | 46221 | $210,000 | $159 |
| 26 | 46219 | $188,000 | $146 |
| 27 | 46208 | $176,000 | $145 |
| 28 | 46225 | $176,000 | $164 |
| 29 | 46203 | $169,000 | $178 |
| 30 | 46226 | $163,000 | $135 |
| 31 | 46241 | $158,000 | $161 |
| 32 | 46201 | $155,000 | $149 |
| 33 | 46222 | $126,000 | $153 |
| 34 | 46218 | $115,000 | $138 |
ZIP 46235 home prices: frequently asked
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See the full Indianapolis 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.