ZIP 46227 vs ZIP 46254

46227 is one of 36 ZIP codes that lie mostly in Marion County, IN.

Shaded by typical home value, it ranks 19 of the 34 with a value.

14 school locations in 46227: 7 elementary, 3 middle, 4 high.

In alphabetical order: Clinton Young Elementary School, Douglas MacArthur Elementary Sch, Excel Center - University Heights, Homecroft Elementary School, and more on the ZIP page. Locations only — no ratings are shown here.

46254 is one of 36 ZIP codes that lie mostly in Marion County, IN.

Shaded by typical home value, it ranks 20 of the 34 with a value.

7 school locations in 46254: 4 elementary, 3 middle.

In alphabetical order: Deer Run Elementary, Eagle Creek Elementary School, Guion Creek Elementary School, Guion Creek Middle School, and more on the ZIP page. Locations only — no ratings are shown here.

In July 2003 the typical home in 46227 was worth $82,827.

Values peaked at $230,789 in March 2025. The latest reading is −1.3% from that peak.

As of August 2026: $227,824, −0.9% over twelve months.

Start with the typical home: $227,824. Put 20% down and borrow $182,259 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,262 a month in principal and interest.

The median household here earns $50,993 a year, $4,249 a month. So the payment takes 29.7% of income — rated “stretched” (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 10.8% 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 $382.

In December 2020, with rates at 2.68%, it was $541.

By August 2026, at 6.67%, it was $1,172 — +116% since December 2020, while the home's value moved +36%.

Reported values rose +175% 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 $150,654. So the real change is +51%, not +175%.

46227: +175% since July 2003.

Marion County: +173% since July 2003.

Indiana: +143% since July 2003 — 46227 ran ahead of it by 32 points.

Owning the typical home costs about $1,490 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,284 a month.

Price divided by a year's rent: 14.8. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In September 2003 the typical home in 46254 was worth $87,464.

Values peaked at $222,830 in March 2026. The latest reading is −0.5% from that peak.

As of August 2026: $221,707, +0.4% over twelve months.

Start with the typical home: $221,707. Put 20% down and borrow $177,366 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,228 a month in principal and interest.

The median household here earns $57,825 a year, $4,819 a month. So the payment takes 25.5% 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 10.1% in 2003.

Take the typical home's price each month, borrow 80% at that month's actual 30-year average rate: in September 2003 (6.15%) the payment was $426.

In December 2020, with rates at 2.68%, it was $502.

By August 2026, at 6.67%, it was $1,141 — +127% since December 2020, while the home's value moved +43%.

Reported values rose +153% since September 2003.

General prices (CPI-U) rose +81% over the same span.

Divide one by the other: in August 2026 dollars, the 2003 home was worth $157,885. So the real change is +40%, not +153%.

46254: +154% since September 2003.

Marion County: +173% since September 2003.

Indiana: +142% since September 2003 — 46254 ran ahead of it by 12 points.

Owning the typical home costs about $1,450 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,274 a month.

Price divided by a year's rent: 14.5. 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 67 a month (Redfin, 3-month rolling data through August 2026). That is 91% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 144.

Going out — closed sales: about 53 a month. That is 77% of the 2015–2019 level for the same months. The drain is drawn 34% narrower: the share of homes for sale that sell each month is 66% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 2.7 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 14 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 53 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 61 — so sales ran at 87% 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).

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 43 a month (Redfin, 3-month rolling data through August 2026). That is 82% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 82.

Going out — closed sales: about 34 a month. That is 73% of the 2015–2019 level for the same months. The drain is drawn 41% narrower: the share of homes for sale that sell each month is 59% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 2.4 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 8 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 45 — so sales ran at 76% 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).

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: 144 in June 2026.

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

County assessor records list 13,142 properties with a market value here. Their average assessed market value is $219,700; the typical home value is $227,824.

The assessor average sits −3.6% 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: 82 in June 2026.

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

County assessor records list 9,576 properties with a market value here. Their average assessed market value is $225,550; the typical home value is $221,707.

The assessor average sits +1.7% from the market figure — an average against a typical value, so treat it as a check, not a verdict.