Real Estate Market Update for 46227 (Indianapolis, IN)
Welcome to September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 53% from one year earlier, and down 21% 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 130-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 30%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 120-thousand dollars. The number of units sold decreased 3% year-over-year, and decreased 15% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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 46227 (Indianapolis, IN)
Area Information for 46227 (Indianapolis, IN)
  • Population: 58,291
  • Median Age: 34.22 yr
  • Median Commute Time: 22 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 3,479/sq mi
  • Population Change Since 2000: 11.59%
  • Closest Airport: Indianapolis International
  • Closest College: University Of Indianapolis
  • Closest Jr. College: Harrison College-indianapolis East
  • Median Household Income: $38,484
  • Annual Residential Turnover: 15%
  • Median Home Sales Price: $119,004
  • Closest Major Sports Team: Indianapolis Colts
  • Change Avg. Household Income Since 2000: 4.72%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 46227 (Indianapolis, IN)
Median Age: 34.22 Married: 34% Number of Households: 23,675 Households with Children: 6,588
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 School Rating Parent Rating
      Calvary Lutheran Missouri Synod School 0.4 mi Private PRESCHOOL-8 0 0
      Homecroft Elementary School 0.4 mi Public K-5 1 0
      The Childrens Cottage 0.6 mi Private PRESCHOOL-PRESCHOOL 0 0
      Southport High School 0.6 mi Public 9-12 1 3
      Imagination Station 0.8 mi Private PRESCHOOL-PRESCHOOL 0 0
      Southport Middle School 0.8 mi Public 7-8 3 2
      Southport 6th Grade Academy 0.8 mi Public 6-6 0 0
      Saint Mark School 0.9 mi Catholic PRESCHOOL-8 0 0
      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-PRESCHOOL 0 0
      Clinton Young Elementary School 1.2 mi Public K-5 1 0
      Southport Elementary School 1.3 mi Public K-5 2 0
      William Henry Burkhart Elementary School 1.3 mi Public K-5 2 0
      Southport Heights Day Care 1.4 mi Private PRESCHOOL-5 0 0
      Saint Jude Elementary School 1.5 mi Catholic K-8 0 0
      Roncalli High School 1.6 mi Catholic 9-12 0 4
      Learning Universe 1.9 mi Private PRESCHOOL-K 0 0
      Douglas Macarthur Elementary School 2.0 mi Public K-5 3 0
      Raymond F. Brandes School 65 2.2 mi Public PRESCHOOL-6 1 0
      Winchester Village Elementary School 2.2 mi Public K-5 0 0
      Kindercare Learning Center 2.6 mi Private PRESCHOOL-6 0 0
      Calvary Christian School 2.7 mi Private PRESCHOOL-12 0 0
      Suburban Christian School 2.8 mi Private PRESCHOOL-12 0 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 46227 (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.