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Area data

Indianapolis, IN — ZIP 46203

Population: 37,758 (Census ACS)

The median home value in ZIP 46203 (Indianapolis, IN) is $166,519 — down 2.1% over the past year. Homes sell for a median $192,500 after a median 32 days on market. Typical rent runs $1,469/month. 11 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).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$166,519

Median home value

-2.1%

1-year change

32

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$166,519
1-year appreciation
-2.1%
3-year appreciation
-1.8%
5-year appreciation
+12.6%
10-year appreciation
+159.8%
All-time peak (2023-05)
$174,716
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
$192,500
Median list price
$200,000
Median price per sqft
$137
1-year sale-price change
-7.2%
Median days on market
32 days
Homes sold (recent period)
180
For-sale inventory
319
Sale-to-list ratio
96.7%
Active listings
289
1-year forecast
+1.3%
Days to pending
49 days
New listings (monthly)
78

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,469/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
11
Elementary schools
7
Middle schools
2
High schools
1
Charter schools
7
Avg student-teacher ratio
12.6 : 1
School districts serving the area
SE Neighborhood Sch of Excellence, Victory College Prep, pilotED Schools
Schools include
SE Neighborhood Sch of Excellence, Victory College Prep, Bethel Park Elementary | pilotED Schools, Invent Learning Hub, Paramount Englewood

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
None
Nearest Superfund site
Reilly Tar & Chemical Corp. (Indianapolis Plant) (6.5 mi)
EPA recommends radon testing for every home regardless of zone.

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
52.0°F
Average high
61.0°F
Average low
42.0°F
Annual precipitation
44.6 in
Annual snowfall
10.4 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)
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
16.0 / 20
Transit service frequency
181
Jobs reachable by car (30 min)
132,704
Jobs reachable by transit (45 min)
101,719

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
83
Nearest airport
Post-Air Airport (5 mi)
Nearest major airport
Indianapolis International Airport (IND) (11 mi)
Hospitals nearby (~15 mi)
39
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)
84
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
1,957
Housing built before 1970
66.9%
Housing built 2000 or later
13.7%
Median annual property tax
$1,479
Mean commute to work
19 min
Households with broadband internet
73.4%

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 46203State medianUS median
Median home value$166,519$237,748$288,527
Median sale price$192,500$238,000$325,000
Median days on market32 days38 days51 days
Typical rent$1,469/mo$1,307/mo$1,809/mo
Median annual property tax$1,479$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 46203?
$166,519.
What is the median sale price in ZIP 46203?
$192,500.
How long do homes take to sell in ZIP 46203?
Median days on market: 32 days.
What is typical rent in ZIP 46203?
Typical rent: $1,469/month.
What is the natural-hazard risk in ZIP 46203?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: lightning, strongWind, tornado, coldWave, heatWave.
Is ZIP 46203 in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
What is the wildfire risk in ZIP 46203?
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 46203?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 46203?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 46203?
11 schools (7 elementary, 2 middle, 1 high) (NCES, 2022-23).
Is ZIP 46203 walkable?
Walkability index: 16.0/20 (EPA Smart Location Database).
What is the air quality in ZIP 46203?
Moderate. Median AQI: 54. (EPA AQI).
What is the cost of living in ZIP 46203?
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

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