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market report · 46240
Indianapolis, IN · 46240
40 active listings$439,995 median ask$2,493 est. rent0.6% price/rent
$439,995
Median list price
$2,493/mo
Estimated rent
0.6%
Price / rent ratio
40
Listings
FHFA home price index · 2016–2025
84.2% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.26
Median rent / sqft
39 comps
$218.62
Median sold / sqft
39 comps
—
Walkability
3.3%
Area unemployment
BLS LAUS
Median household income $75,156 · median home value $348,000 · ACS 2024.
Natural-hazard risk Relatively High (FEMA NRI score 85).
12 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
7601 Newport Bay Dr, Indianapolis, IN 46240
Indianapolis, IN
$215,000$2,206/mo1%
1859 Marian Dr, Indianapolis, IN 46240
Indianapolis, IN
$220,000$2,022/mo0.9%
7404 Harbour Isle, Indianapolis, IN 46240
Indianapolis, IN
$279,000$2,387/mo0.9%
7811 Harbour Isle, Indianapolis, IN 46240
Indianapolis, IN
$209,900$1,719/mo0.8%
1152 Longwell Ln, Indianapolis, IN 46240
Indianapolis, IN
$249,990$2,006/mo0.8%
1936 Randall Rd, Indianapolis, IN 46240
Indianapolis, IN
$259,900$2,064/mo0.8%