Indianapolis 46240

Marion County, IN · 6,823 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

48affordability /100

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

Payment burden
31.7%
stretched
Days on market
10
daily
Price cuts
24.2%
of active
Valuation
-5.1%
vs assessor
Look up an address
69
/100
stable
warming · seller advantage · 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

48/ 100SellerBalancedBuyer
Balanced Market
Needs 5.4% correction for affordability
DOM: 46d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)50
Valuation Gap (25%)10
Supply & Demand (20%)70
Buy vs Rent (15%)75
Cancellation Rate (10%)50
Days on Market (5%)60

Balanced market in 46240. List price is roughly fair — focus on condition and value. Payment burden: 31.7% of median income. Median days on market: 46. Renting is approximately 68% cheaper than buying (price-to-rent ratio: 20.2).

Balanced market conditions. Prices roughly aligned with fundamentals — similar to stable periods in 2014-2015.
WARMINGSELLER ADVANTAGE

Market is warming with rising prices. Sellers are firmly in control.

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Market snapshoteach number, once

Median price
$370,014
▴ 2.0% YoY
Days on market
10
daily · zip_data
Median rent
$1,523
ZORI
Investor score
55/100
cash-flow lens
Active listings
45
90-day

Valuation3 lenses, different anchors

vs assessor
-5.1%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$351,200
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$114
Price-to-income5.2×

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How 46240 ranks in IN
percentile vs all IN ZIPs
Comparative ranking not available for this ZIP.

Affordability, supply & momentum

55SUPPLY
Tight MarketSupply Tightness

Supply is below normal — sellers are favored but buyers still have options.

Months of Supply7.5 mo
Days on Market10d
Inv vs History+3.2%
Listing Density--
Market dynamics
Price cut %24.2%
Momentumwarming
LeverageSELLER ADVANTAGE
Months of supply7.5
Sales (90d)0
Investment analysis
Median rent$1,523
Price-to-rent20.2
Est. cap rate3.2%
Buy vs rentfavors renting

Livability

Walk score3
Transit score1
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