ZIP 46239 vs ZIP 46228

46239 is one of 36 ZIP codes that lie mostly in Marion County, IN — 99% of its own area is in the county.

Shaded by typical home value, it ranks 12 of the 34 with a value.

8 school locations in 46239: 5 elementary, 3 middle.

In alphabetical order: Creston Intermediate & Middle Schl, Edgewood Intermediate School, Grassy Creek Elementary School, Liberty Park Elementary School, and more on the ZIP page. Locations only — no ratings are shown here.

46228 is one of 36 ZIP codes that lie mostly in Marion County, IN.

Shaded by typical home value, it ranks 13 of the 34 with a value.

2 school locations in 46228: 2 elementary.

In alphabetical order: Crooked Creek Elementary School, Fox Hill Elementary School. Locations only — no ratings are shown here.

In July 2003 the typical home in 46239 was worth $129,722.

Values peaked at $296,514 in March 2026. The latest reading is −1.1% from that peak.

As of August 2026: $293,358, −0.1% over twelve months.

Start with the typical home: $293,358. Put 20% down and borrow $234,686 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,625 a month in principal and interest.

The median household here earns $92,160 a year, $7,680 a month. So the payment takes 21.2% 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 9.4% 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 $598.

In December 2020, with rates at 2.68%, it was $710.

By August 2026, at 6.67%, it was $1,509 — +112% since December 2020, while the home's value moved +34%.

Reported values rose +126% 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 $235,951. So the real change is +24%, not +126%.

46239: +126% since July 2003.

Marion County: +173% since July 2003.

Indiana: +143% since July 2003 — 46239 ran behind it by 17 points.

Owning the typical home costs about $1,918 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,995 a month.

Price divided by a year's rent: 12.3. Lotvox reads under 15 as favoring buying and 20 or more as favoring renting.

In July 2003 the typical home in 46228 was worth $116,176.

Values peaked at $272,391 in March 2026. The latest reading is −1.3% from that peak.

As of August 2026: $268,791, −1.0% over twelve months.

Start with the typical home: $268,791. Put 20% down and borrow $215,033 at 7.40%, the 30-year fixed average as of October 8, 2026.

That is $1,489 a month in principal and interest.

The median household here earns $95,574 a year, $7,965 a month. So the payment takes 18.7% 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 8.1% 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 $535.

In December 2020, with rates at 2.68%, it was $637.

By August 2026, at 6.67%, it was $1,383 — +117% since December 2020, while the home's value moved +37%.

Reported values rose +131% 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 $211,312. So the real change is +27%, not +131%.

46228: +131% since July 2003.

Marion County: +173% since July 2003.

Indiana: +143% since July 2003 — 46228 ran behind it by 12 points.

Owning the typical home costs about $1,758 a month once taxes and insurance (estimated at 1.2% of price a year) are added. Renting runs about $1,594 a month.

Price divided by a year's rent: 14.1. 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 67 a month (Redfin, 3-month rolling data through August 2026). That is 100% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 185. That is 115% of the 2015–2019 level for the same months.

Going out — closed sales: about 69 a month. That is 102% of the 2015–2019 level for the same months. The drain is drawn 18% narrower: the share of homes for sale that sell each month is 82% 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 2 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 65 — so sales ran at 106% of it, and below it in 12 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 19 a month (Redfin, 3-month rolling data through August 2026). That is 58% of the 2015–2019 level for the same months.

On the shelf — homes for sale at the end of the period: 41.

Going out — closed sales: about 19 a month. That is 71% of the 2015–2019 level for the same months.

The ladder: homes for sale ÷ monthly sales = 2.2 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: listings and sales were even.

Homes sold: about 19 a month in August 2026 (Redfin).

The 2015–2019 level for the same month was 25 — 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: 185 in June 2026.

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

County assessor records list 12,609 properties with a market value here. Their average assessed market value is $298,400; the typical home value is $293,358.

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.

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: 41 in June 2026.

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

County assessor records list 5,790 properties with a market value here. Their average assessed market value is $284,400; the typical home value is $268,791.

The assessor average sits +5.8% from the market figure — an average against a typical value, so treat it as a check, not a verdict.