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Zip Code 46237

Indianapolis, IN • Marion County

Real Estate Market Analysis

Q3 2025 Report
$265,000 (Q2 2025 estimate)
Median Home Value
~54,000 (2025 est.)
Population
$74,500
Median Income
A- (2024-2025 Niche)
School District Rating

Market Statistics

Property Values

$265,000 (Q2 2025 estimate)
Median Home Value
$1,650/mo (Q2 2025 estimate)
Median Rent
$163 (Q2 2025)
Price per Sq Ft

Market Performance

Home Appreciation4.2% YoY (2024-2025)
Market VelocityAverage days on market: 21; homes selling above list: 34%
Foreclosure RateLow; below Marion County average

Area Information

Area Size~30 sq mi
CountyMarion
Primary CityIndianapolis

Housing Profile

Housing Statistics

Total Housing Units~17,000
Owner Occupied68%
Rental Properties32%
Vacant Units4%
New ConstructionActive; several new subdivisions and multifamily projects underway

Housing Types

Single-family detachedTownhomesGarden-style apartmentsSenior living communities

Demographics

~54,000 (2025 est.)
Population
37.2
Median Age
$74,500
Median Income
96.1% (2025)
Employment Rate
32% bachelor's or higher; 90% high school diploma or higher
Education Levels
Predominantly families and young professionals; average household size 2.7
Family Composition

Education Quality

School District Performance

A- (2024-2025 Niche)
District Rating
School DistrictFranklin Township Community School Corporation
Test ScoresAbove state average in math and reading
Graduation Rates94% (2024)

Schools in Area

  • Franklin Central High School
  • Kitley Intermediate School
  • Arlington Elementary School
  • Acton Elementary School

Economic Factors

Employment & Business

Job Growth2.7% YoY (2024-2025)
Unemployment Rate3.9% (2025)
Business EnvironmentGrowing; mix of healthcare, logistics, retail, and professional services
Commercial ActivitySteady expansion along Emerson Ave and Southport Rd corridors

Major Employers

  • Franciscan Health
  • Community Health Network
  • Amazon Fulfillment
  • Franklin Township Schools

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • I-65
  • • I-465
  • • IndyGo bus routes 16, 31, 56

Utilities & Services

  • • Citizens Energy Group (water/sewer)
  • • AES Indiana (electric)
  • • Vectren (gas)

Quality of Life

Safety & Environment

Lower than Indianapolis average; property crime rate 12% below city average

Good; suburban setting, moderate air quality, ample green space

Healthcare Access

  • • Franciscan Health Indianapolis
  • • Community Hospital South

Development Trends

Planned Developments

  • New mixed-use development at Southport & Emerson
  • Expansion of multifamily housing near I-65

Infrastructure Projects

  • • Road widening on Southport Rd
  • • Sidewalk/bike lane expansion

Investment Outlook

Growth Outlook

Positive; steady population and housing demand growth projected through 2030

Investment Opportunities

  • • Build-to-rent single-family
  • • Small multifamily (2-8 units)
  • • Retail pad sites

Marketing Intelligence

Target Demographics

  • Young families
  • Move-up buyers
  • Healthcare professionals
  • Investors seeking stable cash flow

Competitive Advantages

  • Strong schools
  • Low crime
  • Convenient suburban location

Pricing Strategies

Position slightly above Marion County median for updated homes; competitive pricing for new builds

Common Objections & Response Strategies

Objection: Concerns about rising property taxes

Response Strategy:

Show historical tax rates, highlight value for services and schools

Objection: Traffic congestion during peak hours

Response Strategy:

Point to recent road improvements and alternative routes

Objection: Limited nightlife or entertainment

Response Strategy:

Emphasize family-oriented amenities and quick access to downtown

Professional Recommendations

1

Leverage school district ratings and family amenities in marketing

2

Network with major local employers for relocation leads

3

Monitor new construction pipeline to anticipate inventory shifts

4

Educate buyers on tax and insurance trends

5

Highlight recent infrastructure improvements and low crime rates

Competitive Analysis

Comparable Markets

  • 46239 (Franklin Township)
  • 46143 (Greenwood)
  • 46259 (Southeast Indy)

Market Positioning

Family-friendly, value-oriented suburban market with growth potential

Competitive Advantages

  • Better schools and lower crime than 46239
  • More affordable than 46143 (Greenwood)
  • More amenities than 46259

Price Comparison

~5% higher than 46239, ~10% lower than 46143

Investment Metrics

5.8% (multifamily, 2025)
Cap Rates
6.2% gross yield (single-family)
Rental Yields
13.4
Price-to-Rent
Positive for well-managed rentals; low vacancy risk
Cash Flow
3.5-4.5% annually through 2028
Appreciation

Buyer Journey Insights

First-Time Buyers

Attracted by affordability, schools, and new construction; need education on financing and inspection process

Move-Up Buyers

Seeking larger homes, modern features, and better schools; value turnkey properties

Downsizers

Prefer low-maintenance townhomes or ranches; prioritize healthcare and amenities

Investors

Focus on stable cash flow, low vacancy, and value-add potential

Relocators

Drawn by job opportunities, suburban lifestyle, and access to highways

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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