Zip Code: 46228 (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 46228 Zip Code (Indianapolis, Indiana) in February 2026 was $264,422.807. The month over month percentage change (MoM) was 0.19%, and the year over year percentage change (YoY) was 0.51%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 46228 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 46228 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: 46228 - Zillow House Inventory Topic List

Data Source: Zillow.

Zip Code: 46228 (Indianapolis, Indiana) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)

Zip Code: 46228 (Indianapolis, Indiana) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted

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Month	ZHVI ($)	MoM Perc. Change (%)	YoY Perc. Change (%)
Jan 2015	124222.37438284315	0.12	5.44
Feb 2015	124377.09302086453	0.13	5.26
Mar 2015	124619.26625523648	0.20	5.11
Apr 2015	125069.25982353064	0.36	4.76
May 2015	125541.65752063783	0.38	4.19
Jun 2015	125835.28119415948	0.23	3.62
Jul 2015	125933.9154675193	0.08	3.04
Aug 2015	126357.79578893032	0.34	2.86
Sep 2015	126942.69771166627	0.46	2.76
Oct 2015	127610.24010560203	0.53	3.03
Nov 2015	127843.65422034962	0.18	3.10
Dec 2015	128313.04655698035	0.37	3.41
Jan 2016	128900.05894629045	0.46	3.77
Feb 2016	129816.80762319383	0.71	4.37
Mar 2016	130386.71365025705	0.44	4.63
Apr 2016	130926.57968474882	0.41	4.68
May 2016	131306.33631523335	0.29	4.59
Jun 2016	131920.7133903477	0.47	4.84
Jul 2016	132608.46940761057	0.52	5.30
Aug 2016	133445.49249956163	0.63	5.61
Sep 2016	134295.45554704496	0.64	5.79
Oct 2016	135157.381898516	0.64	5.91
Nov 2016	135974.9835118661	0.61	6.36
Dec 2016	136948.16786082333	0.72	6.73
Jan 2017	137798.4449825128	0.62	6.90
Feb 2017	138657.29981172355	0.62	6.81
Mar 2017	139364.08153384345	0.51	6.89
Apr 2017	140346.4366094273	0.71	7.20
May 2017	141383.70022952513	0.74	7.68
Jun 2017	142372.80612680083	0.70	7.92
Jul 2017	143415.89644817845	0.73	8.15
Aug 2017	144391.2614240107	0.68	8.20
Sep 2017	145318.88266068764	0.64	8.21
Oct 2017	146013.96996456385	0.48	8.03
Nov 2017	146813.60705026836	0.55	7.97
Dec 2017	147477.769554739	0.45	7.69
Jan 2018	148237.53304472132	0.52	7.58
Feb 2018	149125.54074380416	0.60	7.55
Mar 2018	150675.6174751404	1.04	8.12
Apr 2018	152390.51097682433	1.14	8.58
May 2018	154125.06087512587	1.14	9.01
Jun 2018	155412.58699407292	0.84	9.16
Jul 2018	156521.87080037626	0.71	9.14
Aug 2018	157448.50577644203	0.59	9.04
Sep 2018	158471.90810112146	0.65	9.05
Oct 2018	159414.23819898092	0.60	9.18
Nov 2018	160613.98565610184	0.75	9.40
Dec 2018	161590.29833292143	0.61	9.57
Jan 2019	162487.06985563503	0.56	9.61
Feb 2019	162943.73462583378	0.28	9.27
Mar 2019	163532.95213882372	0.36	8.53
Apr 2019	164167.175598158	0.39	7.73
May 2019	165131.91596071734	0.59	7.14
Jun 2019	166090.74670627725	0.58	6.87
Jul 2019	166896.87765441908	0.49	6.63
Aug 2019	167433.8303371842	0.32	6.34
Sep 2019	167853.5834767469	0.25	5.92
Oct 2019	168653.06541835913	0.48	5.80
Nov 2019	169782.45020306823	0.67	5.71
Dec 2019	171197.93910618735	0.83	5.95
Jan 2020	172676.4856404902	0.86	6.27
Feb 2020	173977.37139275027	0.75	6.77
Mar 2020	175204.29616894817	0.71	7.14
Apr 2020	176124.07525346088	0.53	7.28
May 2020	176748.9201523269	0.36	7.04
Jun 2020	177167.90499740723	0.24	6.67
Jul 2020	177814.32555418843	0.37	6.54
Aug 2020	178992.0916143465	0.66	6.90
Sep 2020	181113.96552793705	1.19	7.90
Oct 2020	183986.05172408652	1.59	9.09
Nov 2020	187505.70615522817	1.91	10.44
Dec 2020	191057.4814148003	1.89	11.60
Jan 2021	194412.91693835627	1.76	12.59
Feb 2021	198059.01515660886	1.88	13.84
Mar 2021	201986.03602920458	1.98	15.29
Apr 2021	206076.20333927576	2.03	17.01
May 2021	209663.3181241058	1.74	18.62
Jun 2021	213184.3662485557	1.68	20.33
Jul 2021	216034.2882518652	1.34	21.49
Aug 2021	217946.99798397216	0.89	21.76
Sep 2021	218934.72158422568	0.45	20.88
Oct 2021	220272.1920540448	0.61	19.72
Nov 2021	222361.02935722322	0.95	18.59
Dec 2021	224702.6697278984	1.05	17.61
Jan 2022	227935.59354793237	1.44	17.24
Feb 2022	232507.79454165968	2.01	17.39
Mar 2022	237683.03184755685	2.23	17.67
Apr 2022	242762.26422991752	2.14	17.80
May 2022	246728.58786147277	1.63	17.68
Jun 2022	250126.24957255457	1.38	17.33
Jul 2022	251556.06057917615	0.57	16.44
Aug 2022	251468.6057175738	-0.04	15.38
Sep 2022	250238.37453258366	-0.49	14.30
Oct 2022	249350.4868711134	-0.35	13.20
Nov 2022	249016.3845359096	-0.13	11.99
Dec 2022	249303.10239065145	0.12	10.95
Jan 2023	249431.74586774377	0.05	9.43
Feb 2023	249644.82527823807	0.09	7.37
Mar 2023	249755.45194812585	0.04	5.08
Apr 2023	250318.97531193125	0.23	3.11
May 2023	250859.45005921565	0.22	1.67
Jun 2023	251462.47612800807	0.24	0.53
Jul 2023	251818.0831499412	0.14	0.10
Aug 2023	252368.03420461342	0.22	0.36
Sep 2023	252916.3399832068	0.22	1.07
Oct 2023	253206.07328071955	0.12	1.55
Nov 2023	253147.18690236539	-0.02	1.66
Dec 2023	252871.68460219548	-0.11	1.43
Jan 2024	253207.5767151116	0.13	1.51
Feb 2024	254126.11364574675	0.36	1.80
Mar 2024	255816.5298454163	0.67	2.43
Apr 2024	257678.7904865505	0.73	2.94
May 2024	259117.63995444088	0.56	3.29
Jun 2024	259697.53651699936	0.22	3.28
Jul 2024	259572.57655631646	-0.05	3.08
Aug 2024	259166.30323737185	-0.16	2.69
Sep 2024	259005.23495152115	-0.06	2.41
Oct 2024	259034.85843636954	0.01	2.30
Nov 2024	259558.4643894869	0.20	2.53
Dec 2024	260588.1174601994	0.40	3.05
Jan 2025	261934.7811000667	0.52	3.45
Feb 2025	263085.5139181356	0.44	3.53
Mar 2025	263569.17193043564	0.18	3.03
Apr 2025	263647.26158751897	0.03	2.32
May 2025	263525.9007563104	-0.05	1.70
Jun 2025	263461.8387314352	-0.02	1.45
Jul 2025	263610.7843734792	0.06	1.56
Aug 2025	263638.1998492722	0.01	1.73
Sep 2025	263463.7996224049	-0.07	1.72
Oct 2025	262945.3368576312	-0.20	1.51
Nov 2025	262751.56168713	-0.07	1.23
Dec 2025	263123.78929870034	0.14	0.97
Jan 2026	263910.94644662837	0.30	0.75
Feb 2026	264422.8072890685	0.19	0.51