ZIP 46220 vs ZIP 46256

46220 is one of 36 ZIP codes that lie mostly in Marion County, IN.

Shaded by typical home value, it ranks 5 of the 34 with a value.

7 school locations in 46220: 1 elementary, 5 middle, 1 high.

In alphabetical order: ACE Preparatory Academy, Center for Inquiry School 84, Eastwood Middle School, IPS/Butler Lab at Eliza Blaker 55, and more on the ZIP page. Locations only — no ratings are shown here.

46256 is one of 36 ZIP codes that lie mostly in Marion County, IN — 92% of its own area is in the county.

Shaded by typical home value, it ranks 6 of the 34 with a value.

4 school locations in 46256: 2 middle, 2 high.

In alphabetical order: Crestview Elementary School, Lawrence North High School, Mary Evelyn Castle Elementary Sch, McKenzie Career Center. Locations only — no ratings are shown here.

In July 2003 the typical home in 46220 was worth $159,607.

Values peaked at $345,631 in April 2026. The latest reading is −0.4% from that peak.

As of August 2026: $344,412, +0.5% over twelve months.

Start with the typical home: $344,412. Put 20% down and borrow $275,530 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,908 a month in principal and interest.

The median household here earns $103,735 a year, $8,645 a month. So the payment takes 22.1% of income — rated “affordable” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 10.2% in 2003.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in July 2003 (5.63%) the payment was $736.

In December 2020, with rates at 2.68%, it was $873.

By August 2026, at 6.67%, it was $1,772 — +103% since December 2020, while the home's value moved +28%.

Reported values rose +116% since July 2003.

General prices (CPI-U) rose +82% over the same span.

Divide one by the other: in August 2026 dollars, the 2003 home was worth $290,308. So the real change is +19%, not +116%.

46220: +116% since July 2003.

Marion County: +173% since July 2003.

Indiana: +143% since July 2003 — 46220 ran behind it by 27 points.

Owning the typical home costs about $2,252 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,429 a month.

Price divided by a year's rent: 20.1. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In June 2003 the typical home in 46256 was worth $164,828.

Values peaked at $345,855 in April 2026. The latest reading is −0.6% from that peak.

As of August 2026: $343,775, +0.8% over twelve months.

Start with the typical home: $343,775. Put 20% down and borrow $275,020 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,904 a month in principal and interest.

The median household here earns $86,529 a year, $7,211 a month. So the payment takes 26.4% of income — rated “affordable” (Lotvox ZIP bands: under 28% affordable · 28–36% stretched · 36%+ severe).

The line holds today's rate fixed and moves only the price: at that rate, the same share was 12.7% in 2003.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in June 2003 (5.23%) the payment was $727.

In December 2020, with rates at 2.68%, it was $830.

By August 2026, at 6.67%, it was $1,769 — +113% since December 2020, while the home's value moved +34%.

Reported values rose +109% since June 2003.

General prices (CPI-U) rose +82% over the same span.

Divide one by the other: in August 2026 dollars, the 2003 home was worth $300,787. So the real change is +14%, not +109%.

46256: +108% since July 2003.

Marion County: +173% since July 2003.

Indiana: +143% since July 2003 — 46256 ran behind it by 35 points.

Owning the typical home costs about $2,248 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,239 a month.

Price divided by a year's rent: 23.1. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 63 a month (Redfin, 3-month rolling data through August 2026). That is 67% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 108. That is 59% of the 2015–2019 level for the same months.

Going out — closed sales: about 69 a month. That is 76% of the 2015–2019 level for the same months.

The ladder: homes for sale ÷ monthly sales = 1.6 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 6 more homes sold than came on each month, so inventory is shrinking. The basin is draining.

Homes sold: about 69 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 72 — so sales ran at 96% of it, and below it in 23 of the last 24 months.

Across Marion County, builders pulled permits for 1,342 new homes in 2025.

Of those, 78% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

Picture the Listings Flow Ladder as a basin: new listings pour in from the faucet, the homes for sale are the water, and closed sales run out the drain. Coming in — new listings: about 41 a month (Redfin, 3-month rolling data through August 2026). That is 81% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 68.

Going out — closed sales: about 34 a month. That is 72% of the 2015–2019 level for the same months.

The ladder: homes for sale ÷ monthly sales = 2.0 months of supply — below the 4–6 month range Lotvox treats as balanced. In the basin, that is the water level against the shaded balanced band.

The net reading: about 7 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 34 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 42 — so sales ran at 81% of it, and below it in 22 of the last 24 months.

Across Marion County, builders pulled permits for 1,342 new homes in 2025.

Of those, 78% were in 1-unit buildings (the Census Bureau's category for detached and attached single homes).

This ZIP sits in Marion County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 11,073 moved in. Among the ten receiving the most, 14,542 moved out.

Net across those counties: −3,469 households. Beside it, homes for sale in this ZIP: 108 in June 2026.

Most arrivals came from Hamilton, IN (3,043 households); most departures went to Hamilton, IN (3,949).

County assessor records list 12,723 properties with a market value here. Their average assessed market value is $336,300; the typical home value is $344,412.

The assessor average sits −2.4% from the market figure — an average against a typical value, so treat it as a check, not a verdict.

This ZIP sits in Marion County. IRS tax returns for 2022-2023: among the ten counties sending the most households, 11,073 moved in. Among the ten receiving the most, 14,542 moved out.

Net across those counties: −3,469 households. Beside it, homes for sale in this ZIP: 68 in June 2026.

Most arrivals came from Hamilton, IN (3,043 households); most departures went to Hamilton, IN (3,949).

County assessor records list 7,228 properties with a market value here. Their average assessed market value is $335,650; the typical home value is $343,775.

The assessor average sits −2.4% from the market figure — an average against a typical value, so treat it as a check, not a verdict.