Real Estate Market Update for 46208 (Indianapolis, IN)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 18% from one year earlier, and down 7% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 60-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 5%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 140-thousand dollars. The number of units sold decreased 11% year-over-year, and increased 10% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 46208 (Indianapolis, IN)
Area Information for 46208 (Indianapolis, IN)
  • Population: 22,774
  • Median Age: 32.61 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 3,392/sq mi
  • Population Change Since 2000: -13.27%
  • Closest Airport: Indianapolis International
  • Closest College: Christian Theological Seminary
  • Closest Jr. College: Ivy Tech Community Cllg-central Indiana
  • Median Household Income: $34,007
  • Annual Residential Turnover: 25%
  • Median Home Sales Price: $158,588
  • Closest Major Sports Team: Indianapolis Indians (aaa)
  • Change Avg. Household Income Since 2000: 24.68%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 46208 (Indianapolis, IN)
Median Age: 32.61 Married: 20% Number of Households: 9,125 Households with Children: 1,832
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 46208 (Indianapolis, IN)

      School Name Distance Type Grades School Rating Parent Rating
      Project Libertas 0.7 mi Private K-8 0 0
      James Whitcomb Riley School 43 0.8 mi Public K-6 0 0
      Shortridge Ib Magnet High School 0.9 mi Public 9-12 0 0
      Shortridge Magnet High School For Law And Public Policy (6-8) 0.9 mi Public 6-12 1 0
      Holy Angels Catholic School 1.0 mi Catholic PRESCHOOL-6 0 0
      Elder W. Diggs School 42 1.3 mi Public K-6 0 0
      Flanner House Elem Sch (charter) 1.4 mi Public K-6 1 0
      Saint Thomas Aquinas School 1.4 mi Catholic K-8 0 0
      George W Carver School 87 1.5 mi Public PRESCHOOL-8 4 0
      Christ Temple Christian Academy 1.7 mi Private PRESCHOOL-3 0 0
      Phalen Leadership Academy 1.7 mi Public K-2 0 0
      Montessori Centers Inc 1.8 mi Private PRESCHOOL-3 0 0
      Carpe Diem - Meridian Campus 1.8 mi Public 6-12 3 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for 46208 (Indianapolis, IN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.