ZIP Code 46278 — Indianapolis, IN Home Prices (2026)

The typical home in ZIP 46278 (Indianapolis, Indiana) is worth about $435,000 at roughly $156 per square foot — 68% more expensive than the Indianapolis median and 48% more expensive than the typical U.S. home.

$435,000

Typical home value

$156

Price per sq ft

#2 of 34

Indianapolis ZIPs by value

+68%

vs Indianapolis median

How 46278 compares

ZIP 46278 is one of the pricier ZIP codes in Indianapolis: its typical home value of $435,000 ranks #2 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 $156, against $157 for Indianapolis as a whole, $155 for Indiana, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 46278	$435,000	$156
Indianapolis, IN	$259,000	$157
Indiana	$237,000	$155
United States	$294,000	$195

Home value by size in 46278

Using this ZIP’s rate of about $156 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	$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

Salary needed to buy a home in ZIP 46278

To buy the typical $435,000 home in ZIP 46278 with 20% down, you need a household income of roughly $118,000 a year (about $2,760 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $141,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$21,800	$3,430/mo	$147,000/yr
10% (+PMI)	$43,500	$3,280/mo	$141,000/yr
20%	$87,000	$2,760/mo	$118,000/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 46278

At about $156 per square foot, here is roughly how much home different budgets get you in ZIP 46278:

Budget	Approx. size	What that looks like locally
$200k	1280 sq ft	below the local median — condos, smaller or older homes
$250k	1600 sq ft	below the local median — condos, smaller or older homes
$300k	1920 sq ft	below the local median — condos, smaller or older homes
$400k	2560 sq ft	around the typical home here
$500k	3210 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 46278 home.

Estimate a specific home in 46278

The estimator below is pre-set to ZIP 46278 — 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 46278 sits among Indianapolis’s 34 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	46290	$460,000	$242
2	46278 (this page)	$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	$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 46278 home prices: frequently asked

What is the average home price in ZIP code 46278? +

The typical home in ZIP 46278 (Indianapolis, IN) is worth about $435,000 as of 2026. That is 68% more expensive than the Indianapolis median of $259,000 and 48% more expensive than the U.S. median of $294,000.

What is the price per square foot in 46278? +

About $156 per square foot in 46278, versus $157 across Indianapolis and $155 across Indiana. At that rate a 1,500 sq ft home runs roughly $234,000 and a 2,500 sq ft home about $390,000.

What salary do you need to buy a house in ZIP 46278? +

For the typical $435,000 home in ZIP 46278, a household income of about $118,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $141,000; with 5% down about $147,000.

Is 46278 an expensive ZIP code? +

Within Indianapolis, 46278 ranks #2 of 34 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Indianapolis. Nationally it is relatively expensive.

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.