46278 Home Prices & Values

$253,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -2.1% 1-year change
  • 3.0% 1-year forecast

The median home value in 46278 is $253,500. 46278 home values have declined -2.1% over the past year and Zillow predicts they will rise 3.0% within the next year. The median price of homes currently listed in 46278 is $300,000. The median rent price in 46278 is $1,350, which is higher than the Indianapolis median of $800.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 46278 is 3.7%, which is lower than the national value of 6.9%.

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Relative ZHVI
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46278 Market Overview

Data through Jul 31, 2014
  • $253,500 ZHVI
  • 3.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $300,000 Median listing price
  • No data Median sale price
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46278 Market Health

Data through Jul 31, 2014
  • 6.5/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • 3.7% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
46077 $321,400 46260 $161,800 46112 $146,500
46228 $129,000 46234 $124,900 46268 $114,200
46214 $103,300 46254 $98,700 46224 $82,900

Listings & Sales

Data through Jul 31, 2014
  • $99 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 42.3% Listings with price cut
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46278 Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,580 46278
$1,074 Indianapolis
$1,318 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,350 Rent list price
  • No data Rent list price / sq ft
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