Indianapolis 46231
Hendricks County, IN · 2,793 properties · updated 7/5/2026
Should you buy here?buyer-timing lens
66affordability /100
Buyer leverage is seller slight; weigh payment burden and the 3-lens valuation before bidding.
Payment burden
20.4%
affordable
Days on market
17
daily
Price cuts
32.4%
of active
Valuation
-1.6%
vs assessor
77
/100
stable
stable · seller slight · 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: 53d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)0
Valuation Gap (25%)10
Supply & Demand (20%)85
Buy vs Rent (15%)0
Cancellation Rate (10%)50
Days on Market (5%)60
Seller-favored market in 46231. Expect to pay at or near list price. Payment burden: 20.5% of median income. Median days on market: 53.
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
$259,087
▴ 0.2% YoY
Days on market
17
daily · zip_data
Median rent
$2,137
ZORI
Investor score
85/100
cash-flow lens
Active listings
16
90-day
Valuation3 lenses, different anchors
vs assessor
-1.6%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$255,000
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%
Lotvox comps · mv_valuation_gap
Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft$31
Price-to-income3.4×
How 46231 ranks in IN
percentile vs all IN ZIPs
Comparative ranking not available for this ZIP.
Affordability, supply & momentum
52SUPPLY
Tight MarketSupply Tightness
Supply is below normal — sellers are favored but buyers still have options.
Months of Supply9.0 mo
Days on Market17d
Inv vs History-11.6%
Listing Density--
Market dynamics
Price cut %32.4%
Momentumstable
LeverageSELLER SLIGHT
Months of supply9
Sales (90d)0
Investment analysis
Median rent$2,137
Price-to-rent10.1
Est. cap rate6.4%
Buy vs rentfavors buying
Livability
Walk score—
Transit score—
Bike score—
Historical trends
Hendricks County contextmacro · jobs · debt · migration
ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.