Zip Code 46254

Indianapolis, INMarion County

Real Estate Market Analysis

Q3 2025 Report
$217,629 (up 3.3% YoY)
Median Home Value
~41,000
Population
$48,000–$52,000
Median Income
Average (C+ to B-)
School District Rating

Market Statistics

Property Values

$217,629 (up 3.3% YoY)
Median Home Value
~$1,300 (estimated, varies by property type)
Median Rent
$142–$148
Price per Sq Ft

Market Performance

Home Appreciation2.2%–3.3% YoY
Market VelocityHomes go pending in ~17 days; median days on market: 37–44
Foreclosure RateLow, but watch for uptick as rates rise

Area Information

Area Size~17 sq mi
CountyMarion
Primary CityIndianapolis

Housing Profile

Housing Statistics

Total Housing Units~18,000 (estimated)
Owner Occupied~48%
Rental Properties~52%
Vacant Units~8%
New ConstructionLimited, mostly infill and townhomes

Housing Types

Single-family homesTownhomesCondosApartments

Demographics

~41,000
Population
32
Median Age
$48,000–$52,000
Median Income
~94% (6% unemployment)
Employment Rate
High school grad or higher: 84%; Bachelor’s or higher: 22%
Education Levels
Mix of families, singles, and young professionals; diverse ethnic background
Family Composition

Education Quality

School District Performance

Average (C+ to B-)
District Rating
School DistrictMSD Pike Township
Test ScoresSlightly below state average
Graduation Rates~85%

Schools in Area

  • Pike High School
  • Guion Creek Middle School
  • Snacks Crossing Elementary
  • Deer Run Elementary

Economic Factors

Employment & Business

Job GrowthSteady, ~1.5% YoY
Unemployment Rate~6%
Business EnvironmentModerate; mix of retail, logistics, and healthcare
Commercial ActivityGrowing retail and service sector, especially near Eagle Creek

Major Employers

  • Allison Transmission
  • IU Health
  • Marion County government
  • Retail (Eagle Creek area)

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • I-465
  • I-65
  • IndyGo bus routes

Utilities & Services

  • Electric (AES Indiana)
  • Gas (Citizens Energy)
  • Water/Sewer (Citizens)

Quality of Life

Safety & Environment

Moderate; property crime above state average, violent crime near average for Indianapolis

Good; proximity to Eagle Creek Park is a plus

Healthcare Access

  • IU Health West
  • Community Health North
  • Local clinics

Development Trends

Planned Developments

  • Small-scale townhome and apartment projects
  • Retail renovations near Lafayette Rd

Infrastructure Projects

  • Road resurfacing (2025)
  • IndyGo Red Line expansion

Investment Outlook

Growth Outlook

Stable to modest growth; demand remains strong for affordable housing

Investment Opportunities

  • Value-add multifamily
  • Starter homes
  • Short-term rentals near Eagle Creek

Marketing Intelligence

Target Demographics

  • First-time buyers
  • Young families
  • Investors
  • Renters seeking to buy

Competitive Advantages

  • Lower price point than northside suburbs
  • Access to recreation and highways
  • Diverse housing stock

Pricing Strategies

Price slightly below median to attract multiple offers; consider incentives for buyers

Common Objections & Response Strategies

Objection: Concerns about crime rates

Response Strategy:

Highlight neighborhood watch programs, proximity to police, and improving trends

Objection: School ratings are average

Response Strategy:

Emphasize extracurriculars, recent improvements, and proximity to private/charter schools

Objection: Older housing stock

Response Strategy:

Showcase renovated properties and value-add opportunities

Professional Recommendations

1

Emphasize affordability and rental potential in marketing

2

Network with local employers and relocation services

3

Host open houses near Eagle Creek Park to attract families

4

Educate buyers on down payment assistance and first-time programs

5

Monitor new construction and zoning changes for early investment leads

Competitive Analysis

Comparable Markets

  • 46234 (Wayne Township)
  • 46268 (Pike Township North)
  • 46222 (Near Westside)

Market Positioning

Affordable, diverse, and accessible

Competitive Advantages

  • Lower prices than Carmel/Fishers
  • Better rental yields than northside
  • Proximity to Eagle Creek Park

Price Comparison

46254 median home value is $217,629 vs. $251,183 for Indianapolis overall

Investment Metrics

6%–7% for single-family rentals
Cap Rates
~7% gross yield
Rental Yields
~14–15
Price-to-Rent
Good for buy-and-hold; positive cash flow likely with 20% down
Cash Flow
2%–3% annually
Appreciation

Buyer Journey Insights

First-Time Buyers

Strong inventory of affordable starter homes and townhomes; down payment assistance available

Move-Up Buyers

Limited options for larger/newer homes; may need to consider adjacent zip codes

Downsizers

Townhomes and condos available, but limited new construction

Investors

High rental demand; solid cap rates; value-add and BRRRR opportunities

Relocators

Appealing for those seeking affordability and access to highways/recreation

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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