Indianapolis 46205

Marion County, IN · 11,350 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

60affordability /100

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

Payment burden
24.2%
affordable
Days on market
27
daily
Price cuts
27.5%
of active
Valuation
-6.9%
vs assessor
Look up an address
57
/100
mixed
cooling · 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

38/ 100SellerBalancedBuyer
Seller's Market
DOM: 58d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)0
Valuation Gap (25%)10
Supply & Demand (20%)100
Buy vs Rent (15%)50
Cancellation Rate (10%)50
Days on Market (5%)60

Seller-favored market in 46205. Expect to pay at or near list price. Payment burden: 24.2% of median income. Median days on market: 58. Renting is approximately 31% cheaper than buying (price-to-rent ratio: 15.7).

Buyer Caution

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

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

Market is cooling with expanding inventory. Sellers hold a slight edge. Prices down 3.2% YoY.

Address lookup$99 report path

Look Up an Address in 46205

Just type the street — we'll auto-scope the search to ZIP 46205.

Actions
Export, share, or compare this ZIP
Compare
Get alerts when this market changes

Market snapshoteach number, once

Median price
$262,220
▾ 3.2% YoY
Days on market
27
daily · zip_data
Median rent
$1,394
ZORI
Investor score
61/100
cash-flow lens
Active listings
147
90-day

Valuation3 lenses, different anchors

vs assessor
-6.9%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$244,100
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$52
Price-to-income4.0×

Unlock Vacancy Data

Available with Lotvox Pro — $29/mo.

Start free trial
How 46205 ranks in IN
percentile vs all IN ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

33SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply12.8 mo
Days on Market27d
Inv vs History+8.8%
Listing Density--
Market dynamics
Price cut %27.5%
Momentumcooling
LeverageSELLER SLIGHT
Months of supply12.8
Sales (90d)0
Investment analysis
Median rent$1,394
Price-to-rent15.7
Est. cap rate4.1%
Buy vs rentneutral

Livability

Walk score2
Transit score5
Bike score—

Historical trends

Unlock Historical Trends

Available with Lotvox Pro — $29/mo.

Start free trial

Marion County contextmacro · jobs · debt · migration

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

Unlock County Economic Data

Available with Lotvox Pro — $29/mo.

Start free trial

Nearby ZIP codes

46208
Indianapolis
$180,872
-3.9%
46218
Indianapolis
$118,267
-2.5%
46220
Indianapolis
$348,323
+0.5%
46202
Indianapolis
$352,931
-0.1%
46201
Indianapolis
$156,898
-4.7%
46204
Indianapolis
$346,288
+1.7%
46228
Indianapolis
$274,727
-0.1%
46240
Indianapolis
$370,014
+2.0%
Indianapolis Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Marion County