Area data
Indianapolis, IN — ZIP 46208
Population: 22,379 (Census ACS)
The median home value in ZIP 46208 (Indianapolis, IN) is $173,444 — down 6.7% over the past year. Homes sell for a median $227,000 after a median 33 days on market. Typical rent runs $1,259/month. 7 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with lightning, strongwind, tornado the top-rated hazards. Cost of living is 6.7% below the US average (BEA, metro/state-level).
$173,444
Median home value
-6.7%
1-year change
33
Median days on market
Relatively High
Hazard risk (county)
Home values & appreciation
- Median home value
- $173,444
- 1-year appreciation
- -6.7%
- 3-year appreciation
- -4.5%
- 5-year appreciation
- +8.1%
- 10-year appreciation
- +141.9%
- All-time peak (2025-04)
- $187,204
- House Price Index (state)
- 378.8 (+3.5% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $227,000
- Median list price
- $221,450
- Median price per sqft
- $114
- 1-year sale-price change
- +3.2%
- Median days on market
- 33 days
- Homes sold (recent period)
- 97
- For-sale inventory
- 159
- Sale-to-list ratio
- 97.4%
- Active listings
- 157
- 1-year forecast
- +1.5%
- Days to pending
- 58 days
- New listings (monthly)
- 43
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $1,259/mo
- 1-year rent change
- +5.8%
- Studio fair-market rent
- $1,187/mo
- 1BR fair-market rent
- $1,336/mo
- 2BR fair-market rent
- $1,536/mo
- 3BR fair-market rent
- $1,991/mo
- 4BR fair-market rent
- $2,425/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Below Average)
- 93.3 (100 = US avg)
- Electricity rate (state-level)
- 16.2¢/kWh
- Natural gas rate (state-level)
- $11.50/MCF
- 30-year mortgage rate (national)
- 7.40%
- 15-year mortgage rate (national)
- 6.73%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 7
- Elementary schools
- 4
- Middle schools
- 0
- High schools
- 3
- Charter schools
- 4
- Avg student-teacher ratio
- 10.7 : 1
- School districts serving the area
- Herron-Riverside High School, BELIEVE Circle City High School, Herron Preparatory Academy
- Schools include
- Herron-Riverside High School, BELIEVE Circle City High School, Herron Preparatory Academy, James Whitcomb Riley School 43, Shortridge High School
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively High
- Top hazards (county)
- lightning, strongWind, tornado, coldWave, heatWave
- Notable hazard ratings (county)
- hail: Relatively Moderate · drought: Relatively Low · tornado: Very High · coldWave: Relatively High · heatWave: Relatively High · iceStorm: Relatively High
- FEMA flood zone
- AE
- Flood risk level
- High
- Wildfire risk to homes (county)
- Higher than 7% of US counties
- Buildings in wildfire direct-exposure zone
- 10.7%
- Radon potential (county)
- High radon potential — EPA Zone 1 of 3
- EPA Superfund (NPL) sites within 5 mi
- 1
- Nearest Superfund site
- Keystone Corridor Ground Water Contamination (2.8 mi)
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 54.0°F
- Average high
- 63.0°F
- Average low
- 44.3°F
- Annual precipitation
- 41.2 in
- Annual snowfall
- 24.3 in
- USDA plant hardiness zone
- 6b (extreme annual low -5 to 0°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Air quality
- Air quality rating
- Moderate
- Median AQI (annual)
- 54
- Days with Good air quality
- 146
- Days with Moderate air quality
- 214
- Days with Unhealthy air quality
- 2
- Highest AQI recorded (year)
- 170
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 15.3 / 20
- Transit service frequency
- 71
- Jobs reachable by car (30 min)
- 135,121
- Jobs reachable by transit (45 min)
- 95,311
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- Airports within 30 mi
- 78
- Nearest airport
- Eagle Creek Airpark (7 mi)
- Nearest major airport
- Indianapolis International Airport (IND) (10 mi)
- Hospitals nearby (~15 mi)
- 37
- Hospitals include
- JOHNSON MEMORIAL HOSPITAL, HENDRICKS REGIONAL HEALTH, ESKENAZI HEALTH
- Avg hospital rating (CMS)
- 3.6 / 5
- Best hospital rating nearby (CMS)
- 5.0 / 5
- EV charging stations (within 10 mi)
- 168
- Solar radiation rating
- Fair (4.0 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Migration
- Net migration (county)
- -4,240 tax filers
Source: IRS county-to-county migration data (county-level, ~12-month lag)
Housing stock
- Median year housing built
- 1,938
- Housing built before 1970
- 85.4%
- Housing built 2000 or later
- 5.5%
- Median annual property tax
- $1,925
- Mean commute to work
- 17 min
- Households with broadband internet
- 73.0%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 547,394
- Average weekly wage
- $1,572
- Top industries (by employment)
- Health Care, Administrative Services, Accommodation & Food
- Annual residential building permits (county)
- 1,342
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 46208 | State median | US median | |
|---|---|---|---|
| Median home value | $173,444 | $237,748 | $288,527 |
| Median sale price | $227,000 | $238,000 | $325,000 |
| Median days on market | 33 days | 38 days | 51 days |
| Typical rent | $1,259/mo | $1,307/mo | $1,809/mo |
| Median annual property tax | $1,925 | $1,179 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median home value in ZIP 46208?
- $173,444.
- What is the median sale price in ZIP 46208?
- $227,000.
- How long do homes take to sell in ZIP 46208?
- Median days on market: 33 days.
- What is typical rent in ZIP 46208?
- Typical rent: $1,259/month.
- What is the natural-hazard risk in ZIP 46208?
- Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: lightning, strongWind, tornado, coldWave, heatWave.
- Is ZIP 46208 in a flood zone?
- High (FEMA NFIP). FEMA flood zone AE.
- What is the wildfire risk in ZIP 46208?
- Risk to homes is higher than 7% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 46208?
- High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 46208?
- 1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Keystone Corridor Ground Water Contamination, 2.8 mi.
- How many schools serve ZIP 46208?
- 7 schools (4 elementary, 3 high) (NCES, 2022-23).
- Is ZIP 46208 walkable?
- Walkability index: 15.3/20 (EPA Smart Location Database).
- What is the air quality in ZIP 46208?
- Moderate. Median AQI: 54. (EPA AQI).
- What is the cost of living in ZIP 46208?
- Regional Price Parity: 93.3 (100 = US average) (Below Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Oct 2026. See all data sources →