Indianapolis 46203
Marion County, IN · 17,464 properties · updated 7/5/2026
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
18.7%
affordable
Days on market
26
daily
Price cuts
28.3%
of active
Valuation
-10.3%
vs assessor
67
/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: 18.8% 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.
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Market snapshoteach number, once
Median price
$171,209
▾ 0.8% YoY
Days on market
26
daily · zip_data
Median rent
$1,517
ZORI
Investor score
83/100
cash-flow lens
Active listings
249
90-day
Valuation3 lenses, different anchors
vs assessor
-10.3%
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
+77.7%
County-wide market — the widest, slowest signal.
Marion+77.7%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$44
Price-to-income3.1×
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+10.5%
Listing Density--
Market dynamics
Price cut %28.3%
Momentumstable
LeverageSELLER SLIGHT
Months of supply19.2
Sales (90d)0
Investment analysis
Median rent$1,517
Price-to-rent9.4
Est. cap rate6.9%
Buy vs rentfavors buying
Livability
Walk score6
Transit score5
Bike score—
Historical trends
Marion County contextmacro · jobs · debt · migration
ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.