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Area data

Indianapolis, IN — ZIP 46204

Population: 11,400 (Census ACS)

The typical home value in ZIP 46204 (Indianapolis, IN) is $343,677 — up 2.0% over the past year. Homes sell for a median $301,000 after a median 70 days on market. Typical rent runs $1,704/month. 1 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with lightning, strong wind, tornado the top-rated hazards. Cost of living is 6.7% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$343,677

Typical home value

+2.0%

1-year change

70

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Typical home value
$343,677
1-year appreciation
+2.0%
3-year appreciation
+1.1%
5-year appreciation
-5.4%
10-year appreciation
+34.2%
Peak value since 2000 (Dec 2021)
$367,583
House Price Index (state)
378.8 (+3.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$301,000
Median list price
$345,000
Median price per sqft
$234
1-year sale-price change
-10.7%
Median days on market
70 days
Homes sold (recent period)
25
For-sale inventory
65
Sale-to-list ratio
97.5%
Active listings
59
1-year forecast
+0.7%
New listings (monthly)
11

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,704/mo
1-year rent change
+1.2%
Studio fair-market rent
$1,187/mo
1BR fair-market rent
$1,336/mo
2BR fair-market rent
$1,536/mo
3BR fair-market rent
$1,991/mo
4BR fair-market rent
$2,425/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Below Average)
93.3 (100 = US avg)
Electricity rate (state-level)
16.2¢/kWh
Natural gas rate (state-level)
$11.50/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
1
Elementary schools
0
Middle schools
1
High schools
0
Avg student-teacher ratio
12.0 : 1
Schools include
Arlington Middle School - a STEM School

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
lightning, strong wind, tornado, cold wave, heat wave
Notable hazard ratings (county)
tornado: Very High · lightning: Very High · strong wind: Very High · cold wave: Relatively High · heat wave: Relatively High · ice storm: Relatively High
Most common flood zone among NFIP claims
Zone X
NFIP flood claims on record
1
Wildfire risk to homes (county)
Higher than 7% of US counties
Buildings in wildfire direct-exposure zone
10.7%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
2
Nearest Superfund site
Reilly Tar & Chemical Corp. (Indianapolis Plant) (3.9 mi)
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
54.0°F
Average high
63.0°F
Average low
44.3°F
Annual precipitation
41.2 in
Annual snowfall
24.3 in
USDA plant hardiness zone
6b (extreme annual low -5 to 0°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Moderate
Median AQI (annual)
54
Days with Good air quality
146
Days with Moderate air quality
214
Days with Unhealthy air quality
2
Highest AQI recorded (year)
170

Source: EPA annual air quality index (county-level)

Walkability & transit

Walkability index
18.5 / 20
Transit service frequency
153
Jobs reachable by car (30 min)
136,334
Jobs reachable by transit (45 min)
95,303

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
79
Nearest airport
Post-Air Airport (8 mi)
Nearest major airport
Indianapolis International Airport (IND) (8 mi)
Hospitals in or near this ZIP
37
Hospitals include
JOHNSON MEMORIAL HOSPITAL, HENDRICKS REGIONAL HEALTH, ESKENAZI HEALTH
Avg hospital rating (CMS)
3.6 / 5
Best hospital rating nearby (CMS)
5.0 / 5
EV charging stations (within 10 mi)
112
Solar radiation rating
Fair (4.0 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
-4,240 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
2009
Housing built before 1970
33.3%
Housing built 2000 or later
58.7%
Median annual property tax
$3,669
Mean commute to work
15 min
Households with broadband internet
83.5%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
547,394
Average weekly wage
$1,572
Top industries (by employment)
Health Care, Administrative Services, Accommodation & Food
Annual residential building permits (county)
1,342

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 46204State medianUS median
Typical home value$343,677$237,748$288,527
Median sale price$301,000$238,000$325,000
Median days on market70 days38 days51 days
Typical rent$1,704/mo$1,307/mo$1,809/mo
Median annual property tax$3,669$1,179$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in ZIP 46204?
$343,677.
What is the median sale price in ZIP 46204?
$301,000.
How long do homes take to sell in ZIP 46204?
Median days on market: 70 days.
What is typical rent in ZIP 46204?
Typical rent: $1,704/month.
What is the natural-hazard risk in ZIP 46204?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: lightning, strong wind, tornado, cold wave, heat wave.
Is ZIP 46204 in a flood zone?
Flood zones vary by property within ZIP 46204. 1 FEMA flood-insurance (NFIP) claim is on record; the most common zone among them is X. Check a specific address on the FEMA Flood Map Service Center.
What is the wildfire risk in ZIP 46204?
Risk to homes is higher than 7% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 46204?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 46204?
2 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Reilly Tar & Chemical Corp. (Indianapolis Plant), 3.9 mi.
How many schools serve ZIP 46204?
1 schools (1 middle) (NCES, 2024-25).
Is ZIP 46204 walkable?
Walkability index: 18.5/20 (EPA Smart Location Database).
What is the air quality in ZIP 46204?
Moderate. Median AQI: 54. (EPA AQI).
What is the cost of living in ZIP 46204?
Regional Price Parity: 93.3 (100 = US average) (Below Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

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