46235 — Indianapolis, IN Home Values
Typical home value $219,881 as of June 2026 · 92nd of 117 in Indianapolis-Carmel-Anderson, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 46235, June 2021 to June 2026. This page shows observed data only; no forecast.
How 46235 compares in the Indianapolis-Carmel-Anderson, IN area
ZIP code 46235 (Indianapolis, IN) has a typical home value of $219,881 as of June 2026, ranking 92nd of 117 ZIP codes tracked in the Indianapolis-Carmel-Anderson, IN area, more expensive than about 22% of ZIP codes in the metro. Prices here have moved -1.3% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +28.7%, from $170,873 in June 2021 to $219,881 in June 2026. Against observed rent, the typical home here sells for 10.2× the annual rent ($1,801/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 46235 has a population of 35,897, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 58.8% Black or African American, 21% White, 13% Hispanic or Latino, 5.7% two or more races, 0.8% another race, and 0.7% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| James & Rosemary Phalen Leadership Academy Middle School | 4352 Mitthoeffer Road, Indianapolis, IN | 1 mi |
| Phalen Virtual Leadership Academy | 4352 Mitthoeffer Rd, Indianapolis, IN | 1 mi |
| James and Rosemary Phalen Leadership Academy High School | 4352 Mitthoeffer Rd, Indianapolis, IN | 1 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 46235?
$219,881 as of June 2026, the latest month Zillow has published observed data for.
Is 46235 an expensive ZIP code in the Indianapolis-Carmel-Anderson, IN area?
46235 ranks 92nd of 117 ZIP codes in the Indianapolis-Carmel-Anderson, IN area by typical home value, more expensive than about 22% of ZIP codes in the metro.
How much have home values in 46235 changed over the past year?
-1.3% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 46235?
The typical home price is 10.2× the observed annual rent in this ZIP code ($1,801/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 46235?
35,897, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 46235?
James & Rosemary Phalen Leadership Academy Middle School (1 mi), Phalen Virtual Leadership Academy (1 mi), James and Rosemary Phalen Leadership Academy High School (1 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 46235?
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.