46222 — Indianapolis, IN Home Values
Typical home value $128,961 as of June 2026 · 114th of 117 in Indianapolis-Carmel-Anderson, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 46222, June 2021 to June 2026. This page shows observed data only; no forecast.
How 46222 compares in the Indianapolis-Carmel-Anderson, IN area
ZIP code 46222 (Indianapolis, IN) has a typical home value of $128,961 as of June 2026, ranking 114th of 117 ZIP codes tracked in the Indianapolis-Carmel-Anderson, IN area, more expensive than about 3% of ZIP codes in the metro. Prices here have moved -4.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +23.6%, from $104,324 in June 2021 to $128,961 in June 2026. Against observed rent, the typical home here sells for 8.8× the annual rent ($1,214/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 46222 has a population of 37,608, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 35.2% Black or African American, 31.5% White, 27.2% Hispanic or Latino, 4% two or more races, 1.6% Asian, 0.4% another race, and 0.2% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Ernie Pyle School 90 | 3351 W 18th St, Indianapolis, IN | 0.1 mi |
| Allegiant Preparatory Academy | 1141 N. Sheffield Ave., Indianapolis, IN | 1.1 mi |
| The PATH School | 653 Somerset Ave, Indianapolis, IN | 1.1 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 46222?
$128,961 as of June 2026, the latest month Zillow has published observed data for.
Is 46222 an expensive ZIP code in the Indianapolis-Carmel-Anderson, IN area?
46222 ranks 114th of 117 ZIP codes in the Indianapolis-Carmel-Anderson, IN area by typical home value, more expensive than about 3% of ZIP codes in the metro.
How much have home values in 46222 changed over the past year?
-4.6% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 46222?
The typical home price is 8.8× the observed annual rent in this ZIP code ($1,214/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 46222?
37,608, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 46222?
Ernie Pyle School 90 (0.1 mi), Allegiant Preparatory Academy (1.1 mi), The PATH School (1.1 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 46222?
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.