46236, Indianapolis, IN

The Indianapolis zip code 46236 has a population of over 1.7 million people and is one of the most populous zip codes in Indiana. Home equity is an important part of many people's lives, and home prices are also important in determining the quality of life for residents.

There are a number of factors that affect home equity, including interest rates, inflation, and market conditions. In Indianapolis, the average home value was $157,600 in 2017. This represents an increase of 2% from 2016 and a decrease of 0.5% from 2015. The average interest rate on mortgages in Indianapolis was 4.4% in 2017, which is lower than the national average but higher than the Indiana average rate of 3%.

While there may be some variation among individual homes within a given zip code, overall trends tend to be fairly consistent across different parts of the country. Over time, market conditions can change significantly enough that one area might experience more growth or decline than another area within the same zip code - but on average, over time homeownership rates tend to rise and fall relatively slowly throughout most areas within any given city or town.