ZIP 46229 vs ZIP 46235

46229 is one of 36 ZIP codes that lie mostly in Marion County, IN — 90% of its own area is in the county.

Shaded by typical home value, it ranks 21 of the 34 with a value.

9 school locations in 46229: 5 elementary, 1 middle, 3 high.

In alphabetical order: Brookview Elementary School, Eastridge Elementary School, Lakeside Elementary School, Stonybrook Intermediate & Middle, and more on the ZIP page. Locations only — no ratings are shown here.

46235 is one of 36 ZIP codes that lie mostly in Marion County, IN.

Shaded by typical home value, it ranks 22 of the 34 with a value.

4 school locations in 46235: 2 middle, 2 high.

In alphabetical order: James and Rosemary Phalen Leadership Academy High School, James & Rosemary Phalen Leadership Academy Middle School, Phalen Leadership Academy - IN Inc, Phalen Virtual Leadership Academy. Locations only — no ratings are shown here.

In July 2003 the typical home in 46229 was worth $95,369.

Values peaked at $224,937 in June 2025. The latest reading is −2.9% from that peak.

As of August 2026: $218,496, −2.5% over twelve months.

Start with the typical home: $218,496. Put 20% down and borrow $174,797 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,210 a month in principal and interest.

The median household here earns $62,982 a year, $5,249 a month. So the payment takes 23.1% 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 10.1% 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 $440.

In December 2020, with rates at 2.68%, it was $513.

By August 2026, at 6.67%, it was $1,124 — +119% since December 2020, while the home's value moved +38%.

Reported values rose +129% 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 $173,466. So the real change is +26%, not +129%.

46229: +129% since July 2003.

Marion County: +173% since July 2003.

Indiana: +143% since July 2003 — 46229 ran behind it by 14 points.

Owning the typical home costs about $1,429 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,782 a month.

Price divided by a year's rent: 10.2. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In July 2003 the typical home in 46235 was worth $79,932.

Values peaked at $221,861 in July 2025. The latest reading is −2.0% from that peak.

As of August 2026: $217,428, −2.0% over twelve months.

Start with the typical home: $217,428. Put 20% down and borrow $173,942 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,204 a month in principal and interest.

The median household here earns $56,160 a year, $4,680 a month. So the payment takes 25.7% 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 9.5% 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 $368.

In December 2020, with rates at 2.68%, it was $496.

By August 2026, at 6.67%, it was $1,119 — +126% since December 2020, while the home's value moved +42%.

Reported values rose +172% 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 $145,388. So the real change is +50%, not +172%.

46235: +172% since July 2003.

Marion County: +173% since July 2003.

Indiana: +143% since July 2003 — 46235 ran ahead of it by 29 points.

Owning the typical home costs about $1,422 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,797 a month.

Price divided by a year's rent: 10.1. 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 39 a month (Redfin, 3-month rolling data through August 2026). That is 76% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 94.

Going out — closed sales: about 33 a month. That is 75% of the 2015–2019 level for the same months. The drain is drawn 28% narrower: the share of homes for sale that sell each month is 72% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 2.8 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 came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 33 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 41 — so sales ran at 80% 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 45 a month (Redfin, 3-month rolling data through August 2026). That is 106% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 110.

Going out — closed sales: about 30 a month. That is 74% of the 2015–2019 level for the same months. The drain is drawn 63% narrower: the share of homes for sale that sell each month is 37% of its 2015–2019 level.

The ladder: homes for sale ÷ monthly sales = 3.7 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 15 more homes came on than sold each month, so inventory is growing. The basin is filling.

Homes sold: about 30 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 34 — so sales ran at 88% of it, and below it in 13 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: 94 in June 2026.

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

County assessor records list 7,665 properties with a market value here. Their average assessed market value is $209,100; the typical home value is $218,496.

The assessor average sits −4.3% 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: 110 in June 2026.

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

County assessor records list 8,730 properties with a market value here. Their average assessed market value is $222,500; the typical home value is $217,428.

The assessor average sits +2.3% from the market figure — an average against a typical value, so treat it as a check, not a verdict.