Indianapolis 46203

Marion County, IN · 17,464 properties · updated 7/26/2026

Should you buy here?buyer-timing lens

69affordability /100

Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.

Payment burden

18.9%

affordable

Days on market

daily

Price cuts

28.3%

of active

Valuation

-9.1%

vs assessor

Look up an address

/100

stable

stable · seller slight · prices easing 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: 54d (rising) · Market Dynamics rolling median · hourly

Score Components

Payment Burden (25%)0

Valuation Gap (25%)10

Supply & Demand (20%)100

Buy vs Rent (15%)0

Cancellation Rate (10%)25

Days on Market (5%)60

Seller-favored market in 46203. Expect to pay at or near list price. Payment burden: 18.7% of median income. Median days on market: 54.

Buyer Caution

Seller's market. Be prepared to pay near list price.

Competitive market similar to 2021-2022 — limited inventory driving prices above fundamentals.

STABLESELLER SLIGHT

Market is holding steady with balanced conditions. Sellers hold a slight edge. Prices down 1.6% YoY.

Address lookup$99 report path

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<p style="font:12px system-ui;margin:4px 0 0"><a href="https://lotvox.com/indianapolis/zip/46203?utm_source=embed&utm_medium=backlink">Indianapolis 46203 housing market data</a> by <a href="https://lotvox.com/">Lotvox</a></p>

Market snapshoteach number, once

Median price

$168,872

▾ 1.6% YoY

Days on market

daily · zip_data

Median rent

$1,528

ZORI

Investor score

82/100

cash-flow lens

Active listings

249

90-day

Valuation3 lenses, different anchors

vs assessor

-9.1%

Market vs assessed value — a tax-roll lag, not a deal signal.

Avg assessor$153,500

county CAMA · properties_v

vs income

—

Fair-value model not available for this market.

fair_value_scores · 10-state coverage

vs county comps

+76.5%

County-wide market — the widest, slowest signal.

Marion+76.5%

Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.

Pricing detail

Price / sqft$44

Price-to-income3.1×

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How 46203 ranks in IN

percentile vs all IN ZIPs

Comparative ranking not available for this ZIP.

Affordability, supply & momentum

34SUPPLY

BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply19.2 mo

Days on Market26d

Inv vs History+9.9%

Listing Density--

Market dynamics

Price cut %28.3%

Momentumstable

LeverageSELLER SLIGHT

Months of supply19.2

Sales (90d)0

Investment analysis

Median rent$1,528

Price-to-rent9.3

Est. cap rate7.0%

Buy vs rentfavors buying

Livability

Walk score6

Transit score5

Bike score—

Historical trends

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Price bandsmix-shift

Price Bands — the median behind the median

A single median rises whenever expensive homes become a bigger share of what sells, even if no tier got more expensive. These are the tiers underneath it, computed from recorded arms-length deed transactions in Marion.

Current tiers · 12 months to Invalid Datefloor 10 sales/tier

7 tiers had too few sales at every level and are left blank rather than estimated.

Tier	Median	$/sqft	Sales	Share	Source
Under $250k	—	—	—	—	fewer than 10 sales at zip, county and metro level
$250k–$500k	—	—	—	—	fewer than 10 sales at zip, county and metro level
$500k–$750k	—	—	—	—	fewer than 10 sales at zip, county and metro level
$750k–$1M	—	—	—	—	fewer than 10 sales at zip, county and metro level
$1M–$1.5M	—	—	—	—	fewer than 10 sales at zip, county and metro level
$1.5M–$2M	—	—	—	—	fewer than 10 sales at zip, county and metro level
$2M+	—	—	—	—	fewer than 10 sales at zip, county and metro level

No mix-shift history for this area. no geography from this ZIP up to metro has 8+ quarters of 10+ recorded arms-length sales across at least 4 price tiers. Trends are drawn only from recorded transactions; the last-sale snapshot above cannot carry a time series, because a property that sold twice keeps only its latest sale — which drags the history upward through the tiers and would invent the very mix shift this section exists to test for.

National context — not local

NAR's aggregate existing-home median for the United States and the Midwest census region. This is the figure the tiers above are a check on. It is national/regional and says nothing about 46203.

United States
Midwest

Copyright, National Association of Realtors. Reprinted with permission. Retrieved from FRED, Federal Reserve Bank of St. Louis. FRED publishes a rolling 13-month window for these series.

Tiers computed from Lotvox parcel and deed substrate through Aug 25 (10 later months withheld as partially loaded). Sample floor 10 sales per tier; below it a figure is drawn from the county or metro and labelled, or left blank. Multi-parcel bulk deeds and duplicate records are excluded.

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Marion County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

ZIP 46203→Marion County, IN

12-Month Direction

0Stable

Confidence

100%

DeterioratingStableImproving

BuildersLens Market Intelligence

Market Score

35· Weak

Market Score grades housing-market conditions (affordability, valuation, supply). The county Healthy/Moderate/Distressed badge measures economic distress (jobs, debt, poverty) — the two can read differently.

Payment Burden62

22.7%

affordable

Source: Lotvox · Updated 2026-05-15

Buy vs Rent54

1.186x

rent advantage

Source: Lotvox · Updated 2026-05-15

Valuation2

+76.5%

overvalued

Source: Lotvox comps · Updated 2026-05-15