Zip lookup · IN

46217
Indianapolis, Indiana.

Indianapolis, Marion County, IN · Indianapolis-Carmel-Anderson, IN metro · population 36,917

What it costs per month · 46217 $1,337/mo

to buy the typical home at today's mortgage rate — +$711 (+114%) since Jan 2020.

What the home itself did
1 year
Down $2,344 -1%
$257,125$254,781 since Sep 2025
5 years
Up $36,564 +17%
$218,218$254,781 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.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 46217 $1,337 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • 46217$1,337
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 22 years.

Typical home values in zip 46217 fell 0.9% over the past year — slower than the nation's +1.2%.

Asking rents in zip 46217 fell 0.4% over the past year — slower than the nation's +2.7%.

Owning the typical home in zip 46217 runs $189/mo more than renting one. The gap peaked at $399 in Oct 2023.

That is $1,802 a month against $1,613 rent: a $1,337 mortgage payment, plus $192 property tax and $273 insurance & upkeep.

Owning vs renting — zip 46217

The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.

$750 $1,000 $1,250 $1,500 $1,750 2022 2023 2024 2025 2026 Owning all in $1,802 Renting $1,613 Mortgage only $1,337
$750 $1,000 $1,250 $1,500 $1,750 2022 2024 2026
  • Owning all in$1,802
  • Renting$1,613
  • Mortgage only$1,337

Property tax · $192/mo 0.91% of value a year — the ACS 2020-2024 median bill over the median home value for Marion County, IN

Insurance & upkeep · $273/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.

Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.

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 $1,613 as of Sep 2026
-0.4%year on year
Typical home value $254,781 as of Sep 2026
-0.9%year on year

Asking rent — 46217

Against the Indianapolis-Carmel-Anderson, IN metro and the national benchmark.

$1,200 $1,400 $1,600 $1,800 2022 2023 2024 2025 2026 46217 $1,613 Indianapolis $1,528 United States $1,932
$1,200 $1,400 $1,600 $1,800 2022 2024 2026
  • 46217$1,613
  • Indianapolis$1,528
  • United States$1,932

Typical home value — 46217

Mid-tier homes, smoothed and seasonally adjusted.

$150,000 $200,000 $250,000 $300,000 $350,000 2018 2020 2022 2024 2026 46217 $254,781 Indianapolis $291,634 United States $366,157
$150,000 $200,000 $250,000 $300,000 $350,000 2018 2022 2026
  • 46217$254,781
  • Indianapolis$291,634
  • United States$366,157

Within 20 miles

Showing 30 of 56 zips in range — sorting picks from all 56.

10 mi 20 mi 50 mi
Miles Zip City Population Rent Home value
2.7 46221 Indianapolis 27,027 $1,389 $204,818
3.3 46227 Indianapolis 57,587 $1,296 $223,613
3.7 46142 Greenwood 34,348 $1,435 $315,557
5.0 46225 Indianapolis 6,037 $1,392 $168,812
5.3 46241 Indianapolis 32,565 $1,369 $154,719
6.2 46107 Beech Grove 13,020 $1,291 $188,302
6.2 46237 Indianapolis 43,473 $1,728 $256,945
6.5 46113 Camby 17,192 $1,935 $276,013
6.8 46203 Indianapolis 37,758 $1,458 $164,406
6.9 46143 Greenwood 61,803 $1,601 $332,325
7.1 46204 Indianapolis 11,400 $1,682 $345,032
7.9 46231 Indianapolis 10,371 $2,080 $252,408
7.9 46202 Indianapolis 20,180 $1,457 $346,327
8.3 46222 Indianapolis 38,887 $1,208 $120,090
8.3 46201 Indianapolis 30,335 $1,221 $149,543
9.1 46224 Indianapolis 40,228 $1,111 $198,622
9.7 46214 Indianapolis 24,472 $1,222 $229,417
10.1 46184 Whiteland 13,304 $2,118 $267,186
10.5 46208 Indianapolis 22,379 $1,363 $170,261
10.6 46218 Indianapolis 29,360 $1,233 $112,021
10.7 46168 Plainfield 38,826 $1,703 $332,172
10.8 46239 Indianapolis 33,931 $1,985 $292,364
10.9 46106 Bargersville 10,159 $1,641 $458,286
11.0 46219 Indianapolis 38,855 $1,053 $182,872
11.1 46259 Indianapolis 15,169 $2,175 $374,902
11.2 46205 Indianapolis 28,259 $1,296 $257,419
11.4 46158 Mooresville 24,878 — $315,262
11.9 46234 Indianapolis 28,300 $1,992 $278,720
12.2 46228 Indianapolis 15,724 $1,565 $266,229
12.7 46123 Avon 43,353 $1,916 $352,697

Coordinates and population from SimpleMaps US Zips (Basic). Rent and home values from Zillow Research.