Zip Code: 46227 (Indianapolis, Indiana) - Trend of Zillow Home Value Index (ZHVI) for All Homes (SFR, Condo/Co-op), Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow home value index (ZHVI) for All Homes (SFR, Condo/Co-op) in the 46227 Zip Code (Indianapolis, Indiana) in February 2026 was $224,630.846. The month over month percentage change (MoM) was 0.32%, and the year over year percentage change (YoY) was -0.11%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 46227 zip code (Indianapolis, Indiana). The table below shows the trend of the smoothed and seasonally adjusted ZHVI, and the MoM and YoY percentage changes for the 46227 zip code (Indianapolis, Indiana).

You can see similar information for other Indiana zip codes, and for Indiana.

Note: Zillow Home Value Index (ZHVI) is a measure of the typical home value and market changes across a given region and housing type. It reflects the typical value for homes in the 35th to 65th percentile range.

Related Topics: Zip Code: 46227 - Zillow House Inventory Topic List

Data Source: Zillow.

Zip Code: 46227 (Indianapolis, Indiana) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)

Zip Code: 46227 (Indianapolis, Indiana) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted

1 – 10 of 134

Month	ZHVI ($)	MoM Perc. Change (%)	YoY Perc. Change (%)
Jan 2015	100854.99758483843	0.19	7.52
Feb 2015	101168.20444646722	0.31	7.53
Mar 2015	101625.87085825768	0.45	7.49
Apr 2015	102156.02951110456	0.52	6.88
May 2015	102645.56642916134	0.48	5.99
Jun 2015	103129.04896813683	0.47	5.20
Jul 2015	103600.9691384235	0.46	4.51
Aug 2015	104205.46004622841	0.58	4.27
Sep 2015	104624.94535582996	0.40	4.05
Oct 2015	104865.53055050918	0.23	4.21
Nov 2015	104883.94781056324	0.02	4.22
Dec 2015	105198.94364955062	0.30	4.51
Jan 2016	105614.6533986522	0.40	4.72
Feb 2016	106236.13336166105	0.59	5.01
Mar 2016	106487.97381437798	0.24	4.78
Apr 2016	106907.48529634041	0.39	4.65
May 2016	107345.6314341061	0.41	4.58
Jun 2016	108297.74809160392	0.89	5.01
Jul 2016	109462.77328430173	1.08	5.66
Aug 2016	110590.73167768873	1.03	6.13
Sep 2016	111676.47638928064	0.98	6.74
Oct 2016	112572.26674441331	0.80	7.35
Nov 2016	113546.84747561684	0.87	8.26
Dec 2016	114447.83848826886	0.79	8.79
Jan 2017	115122.493977121	0.59	9.00
Feb 2017	115548.78528333477	0.37	8.77
Mar 2017	115885.2268448596	0.29	8.82
Apr 2017	116496.32633144932	0.53	8.97
May 2017	117215.1831491583	0.62	9.19
Jun 2017	117937.61192434763	0.62	8.90
Jul 2017	118750.88666974129	0.69	8.49
Aug 2017	119732.23243545536	0.83	8.27
Sep 2017	120815.38554871692	0.91	8.18
Oct 2017	121812.50136076809	0.83	8.21
Nov 2017	122950.91047298431	0.94	8.28
Dec 2017	123946.26229143816	0.81	8.30
Jan 2018	124668.51653954263	0.58	8.29
Feb 2018	124970.56877286233	0.24	8.15
Mar 2018	125723.38909412058	0.60	8.49
Apr 2018	126975.70967488397	1.00	8.99
May 2018	128526.42923847375	1.22	9.65
Jun 2018	129732.48239352393	0.94	10.00
Jul 2018	130749.51378040004	0.78	10.10
Aug 2018	131715.4692098013	0.74	10.01
Sep 2018	132697.33318894645	0.75	9.84
Oct 2018	133436.64000487092	0.56	9.54
Nov 2018	134204.29426260034	0.57	9.15
Dec 2018	134828.93498332033	0.47	8.78
Jan 2019	135571.8526724609	0.55	8.75
Feb 2019	136142.44648036835	0.42	8.94
Mar 2019	136897.45763464828	0.56	8.89
Apr 2019	137670.53082413427	0.56	8.42
May 2019	138569.0761705209	0.65	7.81
Jun 2019	139262.15769508036	0.50	7.35
Jul 2019	139814.55934858476	0.40	6.93
Aug 2019	140405.76820911482	0.42	6.60
Sep 2019	141185.27071379535	0.56	6.40
Oct 2019	142346.03960913967	0.82	6.68
Nov 2019	143654.83121039337	0.92	7.04
Dec 2019	144954.5180234215	0.91	7.51
Jan 2020	146629.6131710307	1.16	8.16
Feb 2020	148359.5470788892	1.18	8.97
Mar 2020	150152.283471544	1.21	9.68
Apr 2020	151318.04867020494	0.78	9.91
May 2020	152073.46405291863	0.50	9.75
Jun 2020	152516.81986432298	0.29	9.52
Jul 2020	153009.32666873312	0.32	9.44
Aug 2020	153887.36676352727	0.57	9.60
Sep 2020	155525.20993704878	1.06	10.16
Oct 2020	157739.2571765241	1.42	10.81
Nov 2020	160429.79427383715	1.71	11.68
Dec 2020	163066.86916536037	1.64	12.50
Jan 2021	165917.73019894472	1.75	13.15
Feb 2021	169013.95871822225	1.87	13.92
Mar 2021	172468.67354240295	2.04	14.86
Apr 2021	175500.29429238432	1.76	15.98
May 2021	178062.58266144493	1.46	17.09
Jun 2021	180426.76791692516	1.33	18.30
Jul 2021	182409.3589584626	1.10	19.22
Aug 2021	183598.33010233776	0.65	19.31
Sep 2021	184072.49839669152	0.26	18.36
Oct 2021	184949.06496542555	0.48	17.25
Nov 2021	186439.8109788591	0.81	16.21
Dec 2021	188241.2476692721	0.97	15.44
Jan 2022	191366.01791160819	1.66	15.34
Feb 2022	196011.1935446468	2.43	15.97
Mar 2022	201228.80444922703	2.66	16.68
Apr 2022	205731.8590915591	2.24	17.23
May 2022	208965.33320985784	1.57	17.36
Jun 2022	211827.90423141493	1.37	17.40
Jul 2022	213206.1251783138	0.65	16.88
Aug 2022	213530.41912990212	0.15	16.30
Sep 2022	213007.6660867074	-0.24	15.72
Oct 2022	212799.9726154052	-0.10	15.06
Nov 2022	212992.00951946704	0.09	14.24
Dec 2022	213494.81456258884	0.24	13.42
Jan 2023	213874.26867399644	0.18	11.76
Feb 2023	214398.1431770448	0.25	9.38
Mar 2023	214852.98011660253	0.21	6.77
Apr 2023	215574.21894436583	0.34	4.78
May 2023	216160.5408411932	0.27	3.44
Jun 2023	216236.30709951124	0.04	2.08
Jul 2023	215846.63392044426	-0.18	1.24
Aug 2023	215551.95420675018	-0.14	0.95
Sep 2023	215557.1102359485	0.00	1.20
Oct 2023	215437.42714343235	-0.06	1.24
Nov 2023	214960.43491579246	-0.22	0.92
Dec 2023	214524.46673563556	-0.20	0.48
Jan 2024	214987.6109799935	0.22	0.52
Feb 2024	216100.42255128527	0.52	0.79
Mar 2024	217804.20020363593	0.79	1.37
Apr 2024	219419.0825722476	0.74	1.78
May 2024	220579.11970336805	0.53	2.04
Jun 2024	221168.55071858971	0.27	2.28
Jul 2024	221279.58389550925	0.05	2.52
Aug 2024	221068.3205987237	-0.09	2.56
Sep 2024	220874.82893490783	-0.09	2.47
Oct 2024	220784.41856746926	-0.04	2.48
Nov 2024	221324.9317543637	0.25	2.96
Dec 2024	222512.222411077	0.54	3.72
Jan 2025	223893.1871420166	0.62	4.14
Feb 2025	224878.8393503624	0.44	4.06
Mar 2025	225081.9462737249	0.09	3.34
Apr 2025	224918.04677020956	-0.07	2.51
May 2025	224660.69761176468	-0.11	1.85
Jun 2025	224464.52647386864	-0.09	1.49
Jul 2025	224473.30016434006	0.00	1.44
Aug 2025	224155.85812781207	-0.14	1.40
Sep 2025	223662.91137973033	-0.22	1.26
Oct 2025	222923.60672471704	-0.33	0.97
Nov 2025	222867.5340427349	-0.02	0.70
Dec 2025	223249.61363830135	0.17	0.33
Jan 2026	223917.4448946125	0.30	0.01
Feb 2026	224630.84632516257	0.32	-0.11