46165 — North Salem, IN Home Values
Typical home value $364,431 as of June 2026 · 21st of 117 in Indianapolis-Carmel-Anderson, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 46165, June 2021 to June 2026. This page shows observed data only; no forecast.
How 46165 compares in the Indianapolis-Carmel-Anderson, IN area
ZIP code 46165 (North Salem, IN) has a typical home value of $364,431 as of June 2026, ranking 21st of 117 ZIP codes tracked in the Indianapolis-Carmel-Anderson, IN area, more expensive than about 83% of ZIP codes in the metro. Prices here have moved +5.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +33.5%, from $272,903 in June 2021 to $364,431 in June 2026.
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 46165 has a population of 2,060, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 90.1% White, 5.3% two or more races, 2.4% Asian, 1.3% another race, and 0.9% Hispanic or Latino.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| North Salem Elementary School | 7027 N SR 75, North Salem, IN | 1 mi |
| Tri-West Senior High School | 7883 N SR 39, Lizton, IN | 5.5 mi |
| Tri-West Middle School | 555 W US Hwy 136, Lizton, IN | 5.8 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 46165?
$364,431 as of June 2026, the latest month Zillow has published observed data for.
Is 46165 an expensive ZIP code in the Indianapolis-Carmel-Anderson, IN area?
46165 ranks 21st of 117 ZIP codes in the Indianapolis-Carmel-Anderson, IN area by typical home value, more expensive than about 83% of ZIP codes in the metro.
How much have home values in 46165 changed over the past year?
+5.6% over the trailing 12 months, from observed Zillow data.
What is the population of ZIP code 46165?
2,060, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 46165?
North Salem Elementary School (1 mi), Tri-West Senior High School (5.5 mi), Tri-West Middle School (5.8 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 46165?
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.