46227, Indianapolis, IN

The 46227 zip code of Indianapolis, IN has a median home value of $130,000. This is a decrease from the previous year when the median home value was $135,000. The decrease in home values can be attributed to many factors including lower demand and increased inventory.

Despite the decrease in home values, there are still many homeowners in the 46227 zip code who are enjoying significant equity in their homes. In fact, according to Zillow’s Home Value Index report for Indianapolis, nearly two-thirds (64%) of homeowners in this zip code have at least 50% equity in their homes. This means that they have more money available to them than what is owed on their mortgages.

Additionally, despite the decrease in home values over the past year or so, prices remain relatively stable when compared to other areas of Indianapolis. For example, while the median price for a single-family home in Indianapolis decreased by 2%, the median price for a multi-family property remained relatively unchanged at $137K.

Overall, homeownership rates continue to be high throughout Indiana and especially within the 46227 zip code. Additionally, there is still significant equity available for those who are looking to purchase or upgrade their homes within this area.