Indianapolis 46228

Marion County, IN · 6,354 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

71affordability /100

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

Payment burden
17.4%
affordable
Days on market
13
daily
Price cuts
34.5%
of active
Valuation
+3.5%
vs assessor
Look up an address
71
/100
stable
stable · seller advantage · 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

29/ 100SellerBalancedBuyer
Seller's Market
DOM: 39d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)0
Valuation Gap (25%)10
Supply & Demand (20%)85
Buy vs Rent (15%)50
Cancellation Rate (10%)0
Days on Market (5%)40

Seller-favored market in 46228. Expect to pay at or near list price. Payment burden: 17.4% of median income. Median days on market: 39. Renting is approximately 28% cheaper than buying (price-to-rent ratio: 15.3).

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 ADVANTAGE

Market is holding steady with balanced conditions. Sellers are firmly in control.

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Market snapshoteach number, once

Median price
$274,727
▾ 0.1% YoY
Days on market
13
daily · zip_data
Median rent
$1,494
ZORI
Investor score
68/100
cash-flow lens
Active listings
33
90-day

Valuation3 lenses, different anchors

vs assessor
+3.5%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$284,400
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$36
Price-to-income2.9×

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How 46228 ranks in IN
percentile vs all IN ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

45SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply10.1 mo
Days on Market13d
Inv vs History+6.6%
Listing Density--
Market dynamics
Price cut %34.5%
Momentumstable
LeverageSELLER ADVANTAGE
Months of supply10.1
Sales (90d)0
Investment analysis
Median rent$1,494
Price-to-rent15.3
Est. cap rate4.2%
Buy vs rentneutral

Livability

Walk score2
Transit score—
Bike score—

Historical trends

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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.

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Indianapolis Metro·Overpriced ZIPs·Investor ZIPs·View on Map·Marion County