46226, Indianapolis, IN

The 46226 zip code of Indianapolis, IN is located in the northeast corner of the city and has a population of around 210,000. Home prices in this area have been increasing steadily over the past few years, reaching a peak in 2017 before beginning to decline. At present, home prices are around $130,000 on average and are forecasted to continue declining through 2020.

One reason for the recent increase in home prices in this area is that there is a high demand for housing due to an influx of new residents and businesses. Additionally, many homeowners have taken advantage of low interest rates to refinance their homes or purchase new ones. The decrease in home values may be attributable to several factors including: an increase in supply; increasing interest rates; and stricter lending criteria by banks. In any case, it is important for homeowners and potential buyers to consult with a real estate agent if they are interested in purchasing or selling a home within the 46226 zip code.