46218 — Indianapolis, IN Home Values
Typical home value $117,267 as of June 2026 · 116th of 117 in Indianapolis-Carmel-Anderson, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 46218, June 2021 to June 2026. This page shows observed data only; no forecast.
How 46218 compares in the Indianapolis-Carmel-Anderson, IN area
ZIP code 46218 (Indianapolis, IN) has a typical home value of $117,267 as of June 2026, ranking 116th of 117 ZIP codes tracked in the Indianapolis-Carmel-Anderson, IN area, more expensive than about 2% of ZIP codes in the metro. Prices here have moved -3.2% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +29.4%, from $90,654 in June 2021 to $117,267 in June 2026. Against observed rent, the typical home here sells for 8× the annual rent ($1,226/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Indianapolis-Carmel-Anderson, IN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Indianapolis.
Population and demographics
ZIP code 46218 has a population of 28,560, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 68.1% Black or African American, 19.2% White, 8.6% Hispanic or Latino, 3% two or more races, 0.4% Asian, 0.4% another race, and 0.3% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| James Russell Lowell School 51 | 3426 Roosevelt Ave, Indianapolis, IN | 0.6 mi |
| HIM By HER Collegiate School for the Arts | 4501 East 32nd Street, Indianapolis, IN | 0.6 mi |
| Arlington Woods School 99 | 5801 E 30th St, Indianapolis, IN | 1.5 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 46218?
$117,267 as of June 2026, the latest month Zillow has published observed data for.
Is 46218 an expensive ZIP code in the Indianapolis-Carmel-Anderson, IN area?
46218 ranks 116th of 117 ZIP codes in the Indianapolis-Carmel-Anderson, IN area by typical home value, more expensive than about 2% of ZIP codes in the metro.
How much have home values in 46218 changed over the past year?
-3.2% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 46218?
The typical home price is 8× the observed annual rent in this ZIP code ($1,226/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 46218?
28,560, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 46218?
James Russell Lowell School 51 (0.6 mi), HIM By HER Collegiate School for the Arts (0.6 mi), Arlington Woods School 99 (1.5 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 46218?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Indianapolis-Carmel-Anderson, IN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.