South Indianapolis, Indianapolis, IN—46240
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$370,000
2.5% YoY Growth
Household Income
$70,700
19.9% YoY Growth
Days on Market
34
6.0% Shorter YoY
Home Price Forecast
0.5%
Median Rent
$1,470
12.9% YoY Growth
1-Bed Rent
$1,200
43.9% YoY Growth
2-Bed Rent
$1,490
19.1% YoY Growth
3-Bed Rent
$1,880
28.3% YoY Growth
Home Price Trends — South Indianapolis, Indianapolis, IN
As of May '26, the median home price in South Indianapolis, Indianapolis, IN is $370,000, with a year-over-year change of 2.5%. This indicates that home prices in South Indianapolis, Indianapolis, IN are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $370,000 | 2.5% |
| Single Family | $387,000 | 2.4% |
| Condos | $277,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |