Median home value in zip code 46240 (Indianapolis, IN) is $357,474, up 3.1% year over year. Part of the Indianapolis-Carmel-Anderson, IN metropolitan area.

Home Value$357,474

YoY Change

+3.1%

Prices rising — worse for buyers.

Affordability

Enter your income for 46240 (Indianapolis).

Income (annual)

Down Payment

$71,495 on $357,474

Example: $75,000 household income. Change it above to see your own.

Stretch35.9% of income

Above 28% but manageable with cuts.

PITI$2,242

P/I35.9%

Afford$279K

Gap-$78K

P&I $1,808Tax $301Ins $133

6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Metro Analysis

46240 is part of the Indianapolis-Carmel-Anderson, IN metropolitan area. See full stress scores, crash risk, early warning signals, and 12-month price forecast for the metro.

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