46241 — Indianapolis, IN Home Values
Typical home value $157,981 as of July 2026 · 111th of 117 in Indianapolis-Carmel-Anderson, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 46241, July 2021 to July 2026. This page shows observed data only; no forecast.
How 46241 compares in the Indianapolis-Carmel-Anderson, IN area
ZIP code 46241 (Indianapolis, IN) has a typical home value of $157,981 as of July 2026, ranking 111th of 117 ZIP codes tracked in the Indianapolis-Carmel-Anderson, IN area, more expensive than about 6% of ZIP codes in the metro. Prices here have moved -0.5% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +23.1%, from $128,305 in July 2021 to $157,981 in July 2026. Against observed rent, the typical home here sells for 9.8× the annual rent ($1,338/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 46241 has a population of 32,943, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 57.8% White, 24.5% Hispanic or Latino, 10.5% Black or African American, 5.7% two or more races, 1% another race, and 0.5% Asian.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| McClelland Elementary School | 6740 W Morris, Indianapolis, IN | 1.4 mi |
| Achieve Virtual Education Academy | 1250 N High School Rd, Indianapolis, IN | 1.5 mi |
| Ben Davis University High School | 1155 S High School Rd, Indianapolis, IN | 1.6 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 46241?
$157,981 as of July 2026, the latest month Zillow has published observed data for.
Is 46241 an expensive ZIP code in the Indianapolis-Carmel-Anderson, IN area?
46241 ranks 111th of 117 ZIP codes in the Indianapolis-Carmel-Anderson, IN area by typical home value, more expensive than about 6% of ZIP codes in the metro.
How much have home values in 46241 changed over the past year?
-0.5% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 46241?
The typical home price is 9.8× the observed annual rent in this ZIP code ($1,338/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 46241?
32,943, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 46241?
McClelland Elementary School (1.4 mi), Achieve Virtual Education Academy (1.5 mi), Ben Davis University High School (1.6 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 46241?
No. Every number on this page is observed Zillow data as of July 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.