Indianapolis 46113
Morgan County, IN · 3,043 properties · updated 7/5/2026
Should you buy here?buyer-timing lens
67affordability /100
Buyer leverage is balanced; weigh payment burden and the 3-lens valuation before bidding.
Payment burden
19.9%
affordable
Days on market
50
daily
Price cuts
20.2%
of active
Valuation
-5.6%
vs assessor
75
/100
stable
stable · balanced · prices rising year-over-year.
Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.
Buyer / sellerbuyer-timing lens
Seller's Market
DOM: 62d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)0
Valuation Gap (25%)40
Supply & Demand (20%)85
Buy vs Rent (15%)0
Cancellation Rate (10%)25
Days on Market (5%)75
Seller-favored market in 46113. Expect to pay at or near list price. Payment burden: 19.9% of median income. Median days on market: 62.
Buyer Caution
Seller's market. Be prepared to pay near list price.
Competitive market similar to 2021-2022 — limited inventory driving prices above fundamentals.
STABLEBALANCED
Market is holding steady with balanced conditions. Conditions are balanced between buyers and sellers.
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Market snapshoteach number, once
Median price
$280,736
▴ 0.1% YoY
Days on market
50
daily · zip_data
Median rent
$2,021
ZORI
Investor score
82/100
cash-flow lens
Active listings
59
90-day
Valuation3 lenses, different anchors
vs assessor
-5.6%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$265,000
county CAMA · properties_v
vs income
—
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+77.7%
County-wide market — the widest, slowest signal.
Marion+77.7%
Marion+77.7%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$39
Price-to-income3.3×
How 46113 ranks in IN
percentile vs all IN ZIPs
Comparative ranking not available for this ZIP.
Affordability, supply & momentum
23SUPPLY
OversuppliedSupply Tightness
Ample inventory — buyers have time and leverage to negotiate.
Months of Supply11.5 mo
Days on Market50d
Inv vs History+10.0%
Listing Density--
Market dynamics
Price cut %20.2%
Momentumstable
LeverageBALANCED
Months of supply11.5
Sales (90d)0
Investment analysis
Median rent$2,021
Price-to-rent11.6
Est. cap rate5.6%
Buy vs rentfavors buying
Livability
Walk score2
Transit score—
Bike score—
Historical trends
Morgan County contextmacro · jobs · debt · migration
ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.