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Indianapolis, IN 46224 Multi-family Properties For Sale
The median home value in Indianapolis, IN 46224 is $194,400. This is lower than the county median home value of $219,900. The national median home value is $338,100. The average price of homes sold in Indianapolis, IN 46224 is $194,400. Approximately 34.52% of Indianapolis, IN 46224 homes are owned, compared to 55.88% rented, while 9.60% are vacant. Indianapolis, IN 46224 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Indianapolis, IN 46224 real estate agent to arrange a tour today!
Learn More About Indianapolis, IN 46224 Real EstateStatistics & facts
36,881
Population
$194K
Medium Home Value
15,314
# of Households
9.60%
Housing Vacancy
47.66%
Future Job Growth
2.60%
Unemployment Rate
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2025 Maine Real Estate Information System, Inc. All Rights Reserved.
Population
Indianapolis, IN 46224 has a population of approximately 36,881 and experiences a population change rate of 4.88%. The population density is 5,134.5 / sq mi.
Household
The median household income for Indianapolis, IN 46224 is $45,668, with 15,314 households and an average household size of 2.56.
Cost of Living
The cost of living index in Indianapolis, IN 46224 is 84.1%.
Home Value
The median value of a home in Indianapolis, IN 46224 is $194,400 with an appreciation rate of 17.3%. 34.5% of housing in the zip code is owned while 55.9% is rented.
Employment
The unemployment rate in Indianapolis, IN 46224 is 2.60%, and recent job growth is at 2.40%. Future job growth is projected at 47.66%.
Taxes
The sales tax rate in Indianapolis, IN 46224 is 7.00%, while the income tax rate is 3.23%.
Education
School expenditures in Indianapolis, IN 46224 are $14,503, and the school ratio is 17.7:1.
Weather
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 20.2 degrees. The average rainfall is approximately 41 inches per year, with 22.4 inches of snow per year.
Education near Indianapolis IN, 46224
| Metric | City | County |
|---|---|---|
| High School Graduates | 86.65 | 86.89 |
| College Degree - 2 year | 7.6 | 7.68 |
| College Degree - 4 year | 32.88 | 32.79 |
| Graduate Degree | 8.24 | 8.17 |
| Expenditures per Student | $14,503 | $14,503 |
| Students per Teacher | 17.70 | 17.70 |
Elementary Schools near Indianapolis IN , 46224
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Arthur C Newby Elementary School 2 | KG - 06 | 195 | 11.5 | 46224 |
| Carl G Fisher Elementary School 1 | PK - 06 | 183 | 12.2 | 46224 |
| Carl Wilde School 79 | KG - 06 | 734 | 14.4 | 46224 |
| Enlace Academy | KG - 04 | 202 | 22.4 | 46224 |
| Frank H Wheeler Elementary School 4 | KG - 06 | 328 | 14.9 | 46224 |
| Garden City Elementary School | PK - 06 | 943 | 17.1 | 46224 |
| Imagine Ind Life Science West | KG - 08 | 589 | 19.8 | 46224 |
| James A Allison Elementary School 3 | KG - 06 | 280 | 14.7 | 46224 |
| Lew Wallace School 107 | PK - 06 | 464 | 24.4 | 46224 |
| Meredith Nicholson School 96 | KG - 06 | 484 | 14 | 46224 |
Middle Schools near Indianapolis IN , 46224
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Northwest Community Jr High School | 07 - 08 | 367 | 11.1 | 46224 |
| Speedway Junior High School | 07 - 08 | 286 | 14.3 | 46224 |
High Schools near Indianapolis IN , 46224
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Indiana Achievement Academy | 09 - 12 | 84 | 600 | 46224 |
| Northwest Community High School | 09 - 12 | 789 | 12.1 | 46224 |
| Speedway Senior High School | 09 - 12 | 463 | 14.3 | 46224 |
| The Excel Center - Lafayette SQ | 09 - 12 | 390 | 29.7 | 46224 |
Ungraded Schools near Indianapolis IN , 46224
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Gambold Preparatory Magnet HS | 09 - 11 | 165 | 11 | 46224 |
Top 15 Zip Codes for real estate in Indianapolis
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