What are the most expensive neighborhoods in Indianapolis, IN?

The neighborhoods with the highest median home values in Indianapolis, IN include: Williams Creek ($1,567,375), Meridian Hills ($767,239), Geist ($536,285), Crows Nest ($520,880), Keystone at the Crossing ($488,479).

What are the most affordable neighborhoods in Indianapolis, IN?

The neighborhoods with the lowest median home values in Indianapolis, IN include: Near Westside ($109,057), Martindale-Brightwood ($112,185), Meadows ($112,843), Near NW-Riverside ($117,269), West Indianapolis ($117,533).

Which Indianapolis, IN neighborhoods have the fastest growing home values?

Neighborhoods with the highest year-over-year value growth in Indianapolis, IN include: Crows Nest (7.4%), Williams Creek (5.7%), Ameriplex (4.8%), North Central (3.6%), Trader's Point (3.6%).

Downtown, IN Housing Market

$353,206

0.9% 1-yr

The average Downtown, IN home value is $353,206, up 0.9% over the past year, and homes go to pending in around 44 days. (Updated on 7/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Downtown Key Takeaways

Typical Home Values: $353,206

1-Year Value Change: +0.9%

(Data through July 31, 2026)

Downtown Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 136 (July 31, 2026)

New Listings: 26 (July 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: $387,283 (June 30, 2026)

Median List Price: $371,650 (July 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: 44 (July 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Near Northside$401,795
Near Southside$200,221
Fountain Square$262,845
Near Westside$108,227
Near NW-Riverside$112,295
West Indianapolis$113,681
Crown Hill$141,767
Garfield Park$173,142
Near Eastside$158,495

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Downtown Rental Market Trends

Average Rent: --

National Average Rent: $1,962 (July 31, 2026)

Month-Over-Month Change: --

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.