Real Estate Market Update for 46227 (Indianapolis, IN)
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Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 12% from one year earlier, and down 3% 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 120-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 13%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 110-thousand dollars. The number of units sold increased 12% year-over-year, and increased 7% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.
Map Information for 46227 (Indianapolis, IN)
Area Information for 46227 (Indianapolis, IN)
  • Population: 58,505
  • Median Age: 32.51 yr
  • Median Commute Time: 20.28 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 3,492/sq mi
  • Population Change Since 2000: 11.3%
  • Closest Airport: Indianapolis International
  • Closest College: University Of Indianapolis
  • Closest Jr. College: Harrison College-indianapolis East
  • Median Household Income: $40,919
  • Annual Residential Turnover: 25.01%
  • Median Years in Residence: 2.98 yr
  • Median Home Sales Price: $107,812
  • Closest Major Sports Team: Colts
  • Change Avg. Household Income Since 2000: 8%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 46227 (Indianapolis, IN)
Median Age: 32.51 Married: 27% Number of Households: 24,004 Households with Children: 7,482
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 46227 (Indianapolis, IN)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Homecroft Elementary School 0.5 mi Public K-5 2 4
      The Childrens Cottage 0.6 mi Private PRESCHOOL-PRESCHOOL 0 0
      Southport High School 0.6 mi Public 9-12 1 2
      Southport 6th Grade Academy 0.8 mi Public 6-6 1 4
      Southport Middle School 0.8 mi Public 7-8 2-5 2
      Riviera Day Care & Preschool 0.9 mi Private PRESCHOOL-K 0 0
      Rise Learning Center 1.0 mi Public K-12 0 0
      Faith Christian School 1.1 mi Private PRESCHOOL-K 0 4
      Fortune Academy 1.1 mi Private 1-12 0 5
      Clinton Young Elementary School 1.2 mi Public K-5 1 4
      Southport Elementary School 1.3 mi Public K-5 1 4
      William Henry Burkhart Elementary School 1.3 mi Public K-5 4 4
      Southport Heights Day Care 1.4 mi Private PRESCHOOL-PRESCHOOL 0 0
      Roncalli High School 1.6 mi Catholic 9-12 4-5 5
      Learning Universe 1.9 mi Private PRESCHOOL-K 0 0
      Douglas Macarthur Elementary School 1.9 mi Public K-5 2-5 4
      Winchester Village Elementary School 2.2 mi Public PRESCHOOL-5 1 4
      Raymond F Brandes Elementary School 65 2.2 mi Public K-6 1 4
      Kindercare Learning Center 2.6 mi Private PRESCHOOL-K 0 0
      Calvary Christian School 2.7 mi Private PRESCHOOL-12 4 4
      Suburban Christian School 2.8 mi Private PRESCHOOL-12 0 4
      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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 46227 (Indianapolis, IN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.