Area data
Indianapolis, IN — ZIP 46220
Population: 36,952 (Census ACS)
The median home value in ZIP 46220 (Indianapolis, IN) is $348,782 — up 0.3% over the past year. Homes sell for a median $315,000 after a median 41 days on market. Typical rent runs $1,514/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 9.5% below the US average (BEA, metro/state-level).
$348,782
Median home value
+0.3%
1-year change
41
Median days on market
Relatively High
Hazard risk (county)
Home values & appreciation
- Median home value
- $348,782
- 1-year appreciation
- +0.3%
- 3-year appreciation
- +3.8%
- 5-year appreciation
- +14.7%
- 10-year appreciation
- +73.3%
- All-time peak (2026-04)
- $350,054
- House Price Index (state)
- 367.2 (+2.9% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $315,000
- Median list price
- $300,000
- Median price per sqft
- $220
- 1-year sale-price change
- -17.3%
- Median days on market
- 41 days
- Homes sold (recent period)
- 1
- For-sale inventory
- 158
- Sale-to-list ratio
- 100.0%
- Active listings
- 1
- 1-year forecast
- +1.4%
- Days to pending
- 24 days
- New listings (monthly)
- 74
Source: recent area sales and market data (ZIP-level)
Rents
- Typical rent
- $1,514/mo
- 1-year rent change
- +2.6%
- Studio fair-market rent
- $1,280/mo
- 1BR fair-market rent
- $1,450/mo
- 2BR fair-market rent
- $1,690/mo
- 3BR fair-market rent
- $2,190/mo
- 4BR fair-market rent
- $2,680/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)
- 90.5 (100 = US avg)
- Electricity rate (state-level)
- 16.2¢/kWh
- Natural gas rate (state-level)
- $11.50/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
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
- 2
- High schools
- 1
- Charter schools
- 2
- School districts serving the area
- ACE Preparatory Academy, Purdue Polytechnic High Sch North, Indianapolis Public Schools
- Schools include
- ACE Preparatory Academy, Purdue Polytechnic High Sch North, IPS/Butler Lab at Eliza Blaker 55, Center for Inquiry School 84, Merle Sidener Gifted Academy
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)
- coldWave: Relatively High · drought: Relatively Low · earthquake: Relatively Moderate · hail: Relatively Moderate · 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 (2.3 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
- 53.0°F
- Average high
- 63.0°F
- Average low
- 43.0°F
- Annual precipitation
- 49.3 in
- Annual snowfall
- 26.4 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)
- 60
- Days with Good air quality
- 84
- Days with Moderate air quality
- 260
- Days with Unhealthy air quality
- 3
- Highest AQI recorded (year)
- 259
Source: EPA air quality data (nearest monitoring station, annual)
Walkability & transit
- Walkability index
- 15.5 / 20
- Transit service frequency
- 429
- Jobs reachable by car (30 min)
- 113,120
- Jobs reachable by transit (45 min)
- 85,206
Source: EPA Smart Location Database (metropolitan block groups)
Amenities
- Airports within 30 mi
- 78
- Nearest airport
- Best Lock Corp. Airstrip (3 mi)
- Nearest major airport
- Indianapolis International Airport (IND) (14 mi)
- Hospitals nearby (~15 mi)
- 22
- Hospitals include
- ESKENAZI HEALTH, INDIANAPOLIS VA MEDICAL CENTER, INDIANA UNIVERSITY HEALTH
- Avg hospital rating (CMS)
- 3.4 / 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
- 1,959
- Housing built before 1970
- 66.7%
- Housing built 2000 or later
- 9.6%
- Median annual property tax
- $3,263
- Mean commute to work
- 17 min
- Households with broadband internet
- 86.7%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 546,847
- Average weekly wage
- $1,393
- Top industries (by employment)
- Health Care, Administrative Services, Accommodation & Food
- Annual residential building permits (county)
- 1,156
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 46220 | State median | US median | |
|---|---|---|---|
| Median home value | $348,782 | $237,170 | $289,727 |
| Median sale price | $315,000 | $238,000 | $325,000 |
| Median days on market | 41 days | 38 days | 51 days |
| Typical rent | $1,514/mo | $1,331/mo | $1,808/mo |
| Median annual property tax | $3,263 | $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 46220?
- $348,782.
- What is the median sale price in ZIP 46220?
- $315,000.
- How long do homes take to sell in ZIP 46220?
- Median days on market: 41 days.
- What is typical rent in ZIP 46220?
- Typical rent: $1,514/month.
- What is the natural-hazard risk in ZIP 46220?
- Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: lightning, strongWind, tornado, coldWave, heatWave.
- Is ZIP 46220 in a flood zone?
- High (FEMA NFIP). FEMA flood zone AE.
- What is the wildfire risk in ZIP 46220?
- 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 46220?
- High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 46220?
- 1 current or proposed National Priorities List site within 5 miles (EPA). Nearest site: Keystone Corridor Ground Water Contamination, 2.3 mi.
- How many schools serve ZIP 46220?
- 7 schools (4 elementary, 2 middle, 1 high) (NCES, 2022-23).
- Is ZIP 46220 walkable?
- Walkability index: 15.5/20 (EPA Smart Location Database).
- What is the air quality in ZIP 46220?
- Moderate. Median AQI: 60. (EPA AQI).
- What is the cost of living in ZIP 46220?
- Regional Price Parity: 90.5 (100 = US average) (Below Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
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Data last updated
Most recent source refresh: Sep 2026. See all data sources →