46228
Indianapolis, Indiana.
Indianapolis, Marion County, IN · Indianapolis-Carmel-Anderson, IN metro · population 15,724
to buy the typical home at today's mortgage rate — +$754 (+117%) since Jan 2020.
- 1 year
- Down $2,995 -1%
- $269,225$266,229 since Sep 2025
- 5 years
- Up $42,508 +19%
- $223,722$266,229 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- 46228$1,397
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 20 years.
Typical home values in zip 46228 fell 1.1% over the past year — slower than the nation's +1.2%.
Zillow also publishes an index for the city itself: Indianapolis, IN — measured over the city limits, which is a different area from this zip.
Asking rent — 46228
Against the Indianapolis-Carmel-Anderson, IN metro and the national benchmark.
- 46228$1,565
- Indianapolis$1,528
- United States$1,932
Typical home value — 46228
Mid-tier homes, smoothed and seasonally adjusted.
- 46228$266,229
- Indianapolis$291,634
- United States$366,157
Within 20 miles
Showing 30 of 56 zips in range — sorting picks from all 56.
| Miles sorted ascending, activate to sort descending | Zip activate to sort by Zip | City activate to sort by City | Population activate to sort by Population | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|---|
| 2.3 | 46208 | Indianapolis | 22,379 | $1,363 | $170,261 |
| 3.5 | 46260 | Indianapolis | 35,707 | $1,229 | $303,708 |
| 3.7 | 46254 | Indianapolis | 40,674 | $1,230 | $220,411 |
| 3.8 | 46205 | Indianapolis | 28,259 | $1,296 | $257,419 |
| 3.8 | 46268 | Indianapolis | 25,913 | $1,498 | $251,555 |
| 4.1 | 46222 | Indianapolis | 38,887 | $1,208 | $120,090 |
| 4.7 | 46224 | Indianapolis | 40,228 | $1,111 | $198,622 |
| 4.9 | 46202 | Indianapolis | 20,180 | $1,457 | $346,327 |
| 5.1 | 46220 | Indianapolis | 36,952 | $1,440 | $341,779 |
| 5.7 | 46240 | Indianapolis | 19,595 | $1,504 | $364,930 |
| 5.8 | 46204 | Indianapolis | 11,400 | $1,682 | $345,032 |
| 6.0 | 46278 | Indianapolis | 8,450 | — | $428,036 |
| 6.1 | 46218 | Indianapolis | 29,360 | $1,233 | $112,021 |
| 6.2 | 46214 | Indianapolis | 24,472 | $1,222 | $229,417 |
| 7.1 | 46201 | Indianapolis | 30,335 | $1,221 | $149,543 |
| 7.2 | 46234 | Indianapolis | 28,300 | $1,992 | $278,720 |
| 7.5 | 46280 | Indianapolis | 7,514 | $1,886 | $346,264 |
| 7.7 | 46225 | Indianapolis | 6,037 | $1,392 | $168,812 |
| 7.9 | 46226 | Indianapolis | 47,099 | $1,197 | $158,662 |
| 8.0 | 46250 | Indianapolis | 18,147 | $1,333 | $324,597 |
| 8.2 | 46032 | Carmel | 51,515 | $1,773 | $586,980 |
| 9.3 | 46241 | Indianapolis | 32,565 | $1,369 | $154,719 |
| 9.4 | 46219 | Indianapolis | 38,855 | $1,053 | $182,872 |
| 9.5 | 46203 | Indianapolis | 37,758 | $1,458 | $164,406 |
| 9.7 | 46112 | Brownsburg | 44,220 | $1,853 | $360,905 |
| 10.2 | 46216 | Indianapolis | 2,767 | $1,491 | $306,109 |
| 10.3 | 46077 | Zionsville | 36,760 | $1,890 | $696,422 |
| 10.8 | 46256 | Indianapolis | 20,990 | $1,168 | $342,629 |
| 10.8 | 46107 | Beech Grove | 13,020 | $1,291 | $188,302 |
| 10.9 | 46033 | Carmel | 40,881 | $2,189 | $590,390 |
Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.