Home values, rents and more in ZIP code 46231 (Indianapolis, IN)
September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07
Open 46231 in ProMap- Under $190k
- $190k–$250k
- $250k–$300k
- $300k–$340k
- $340k+
- No data
How 46231 compares
The typical home in ZIP code 46231 (Indianapolis, IN) is worth about $252,000, according to the Zillow Home Value Index for September 2026. Home values in 46231 are 13% below the typical value in the Indianapolis metro area ($292,000) and 31% below the U.S. typical value ($366,000).
Over the past year, home values in 46231 fell 1.2%, compared with +1.0% in the Indianapolis metro area and +1.2% nationally.
The median household income is $71,825, against $79,852 in the Indianapolis metro area and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).
About 10,371 people live in 46231 (American Community Survey 2020–24).
46231 has the 43rd-lowest typical home value of the 115 ZIP codes in the Indianapolis metro area and the 273rd-highest of 697 in Indiana with Zillow figures.
Part of: Indianapolis, IN · Hendricks County, IN · Indianapolis metro area · Indiana
More for 46231 in ProMap Plus
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- 5- and 10-year price changes
- Days on market and months of supply
- Price cuts and sale-to-list ratio
- Price-to-income and monthly cost to buy
- Zillow 12-month price forecast
- Crime rates
- School test scores
- Homeowners insurance premiums
- Commute time to downtown
- Flood, wildfire and natural hazard risk
- Property-tax rate
- 2024 presidential vote
- Age, education and household make-up
- Amenities and transit nearby
Nearby ZIP codes
Sources
Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.
"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.