46254, Indianapolis, IN

There are a number of factors that influence home prices, including the availability of housing, interest rates, and the local economy. In Indianapolis, home prices have been on the rise for several years now. The median price of a home in Indianapolis was $137,500 in January 2018. This is up from $130,000 in January 2017 and $115,000 in January 2016.

The 46254 zip code is located in north-central Indianapolis and has a population of around 190,000 people. The majority of homes in this zip code are single-family dwellings. There is also a small amount of multifamily housing available. The average size of a home in this zip code is 2 bedrooms and 1 bathroom.

One reason that home prices have been on the rise in Indianapolis is that there has been an increased demand for homes due to population growth and an improving economy. Additionally, interest rates have remained low which has helped to stimulate the market for homes. In addition to these factors, there are also some restrictions on new development that may impact home prices somewhat. For example, new construction projects must comply with certain height and density restrictions which may limit the number of homes that can be built within certain areas.