Zip Code: 46231 (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 46231 Zip Code (Indianapolis, Indiana) in February 2026 was $255,353.433. The month over month percentage change (MoM) was 0.22%, and the year over year percentage change (YoY) was 0.68%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 46231 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 46231 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: 46231 - Zillow House Inventory Topic List

Data Source: Zillow.

Zip Code: 46231 (Indianapolis, Indiana) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)

Zip Code: 46231 (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	117541.13674519859	0.37	7.54
Feb 2015	117927.0014009283	0.33	7.27
Mar 2015	118313.18508933442	0.33	6.82
Apr 2015	118583.82257692989	0.23	6.12
May 2015	118769.13956854511	0.16	5.27
Jun 2015	118946.63658990148	0.15	4.56
Jul 2015	119102.59738500486	0.13	3.91
Aug 2015	119514.61556118936	0.35	3.68
Sep 2015	119862.0791908787	0.29	3.37
Oct 2015	120214.47902816169	0.29	3.27
Nov 2015	120363.6951980957	0.12	3.03
Dec 2015	120713.96333686066	0.29	3.08
Jan 2016	121086.74648889032	0.31	3.02
Feb 2016	121590.66317307412	0.42	3.11
Mar 2016	122067.80605762107	0.39	3.17
Apr 2016	122754.01323377184	0.56	3.52
May 2016	123465.02020279621	0.58	3.95
Jun 2016	124261.39349531253	0.65	4.47
Jul 2016	125044.37766036064	0.63	4.99
Aug 2016	125855.55341204704	0.65	5.31
Sep 2016	126742.5124001279	0.71	5.74
Oct 2016	127613.10360501539	0.69	6.16
Nov 2016	128431.55763529245	0.64	6.70
Dec 2016	129176.26588693325	0.58	7.01
Jan 2017	129762.29543871219	0.45	7.17
Feb 2017	130290.8225678132	0.41	7.16
Mar 2017	130781.78454725114	0.38	7.14
Apr 2017	131348.1054628023	0.43	7.00
May 2017	132027.96075571104	0.52	6.94
Jun 2017	132718.07381556177	0.52	6.81
Jul 2017	133541.18186677233	0.62	6.80
Aug 2017	134320.20330825122	0.58	6.73
Sep 2017	135094.5496820207	0.58	6.59
Oct 2017	135830.1165514541	0.54	6.44
Nov 2017	136756.7866647679	0.68	6.48
Dec 2017	137641.53388723664	0.65	6.55
Jan 2018	138471.06808340308	0.60	6.71
Feb 2018	139138.4662190363	0.48	6.79
Mar 2018	140086.02242479194	0.68	7.11
Apr 2018	141118.11694456966	0.74	7.44
May 2018	142413.0655903103	0.92	7.87
Jun 2018	143614.4041121134	0.84	8.21
Jul 2018	144881.34783961225	0.88	8.49
Aug 2018	145934.86442795253	0.73	8.65
Sep 2018	147008.91327953248	0.74	8.82
Oct 2018	148000.41489300973	0.67	8.96
Nov 2018	149134.91784331677	0.77	9.05
Dec 2018	150203.32519564396	0.72	9.13
Jan 2019	151350.51225171157	0.76	9.30
Feb 2019	152302.79106165146	0.63	9.46
Mar 2019	153212.37617408088	0.60	9.37
Apr 2019	153815.9655251243	0.39	9.00
May 2019	154448.2573940805	0.41	8.45
Jun 2019	155019.04722709217	0.37	7.94
Jul 2019	155684.77241059113	0.43	7.46
Aug 2019	156455.22402755058	0.50	7.21
Sep 2019	157372.35234781445	0.59	7.05
Oct 2019	158506.29166191624	0.72	7.10
Nov 2019	159820.96221222758	0.83	7.17
Dec 2019	161310.48893198287	0.93	7.40
Jan 2020	162760.95853750187	0.90	7.54
Feb 2020	163975.51376200467	0.75	7.66
Mar 2020	165160.36922838344	0.72	7.80
Apr 2020	166288.72657667313	0.68	8.11
May 2020	167215.8674464446	0.56	8.27
Jun 2020	167944.05290063957	0.44	8.34
Jul 2020	168923.72315381645	0.58	8.50
Aug 2020	170295.71411547848	0.81	8.85
Sep 2020	172244.226368894	1.14	9.45
Oct 2020	174437.9096490048	1.27	10.05
Nov 2020	177207.50213059547	1.59	10.88
Dec 2020	180147.64292857444	1.66	11.68
Jan 2021	183128.46572119844	1.66	12.51
Feb 2021	186359.1818754161	1.76	13.65
Mar 2021	189956.67224250294	1.93	15.01
Apr 2021	193686.6414766061	1.96	16.48
May 2021	197230.23869665051	1.83	17.95
Jun 2021	200640.51841515594	1.73	19.47
Jul 2021	203709.02361878776	1.53	20.59
Aug 2021	206184.7008904702	1.22	21.08
Sep 2021	207985.61836936336	0.87	20.75
Oct 2021	210052.09569481655	0.99	20.42
Nov 2021	212547.3901593507	1.19	19.94
Dec 2021	215413.7578837154	1.35	19.58
Jan 2022	218910.0454467192	1.62	19.54
Feb 2022	223427.35844137776	2.06	19.89
Mar 2022	228264.5551325987	2.17	20.17
Apr 2022	233100.31097011527	2.12	20.35
May 2022	237059.2596218929	1.70	20.19
Jun 2022	240424.81069822927	1.42	19.83
Jul 2022	242206.22522978342	0.74	18.90
Aug 2022	242796.53913799612	0.24	17.76
Sep 2022	242605.06506295572	-0.08	16.65
Oct 2022	242436.41371838484	-0.07	15.42
Nov 2022	242401.03692017167	-0.01	14.05
Dec 2022	242201.35265686226	-0.08	12.44
Jan 2023	241633.64387359202	-0.23	10.38
Feb 2023	241113.4303208103	-0.21	7.92
Mar 2023	240914.4886963783	-0.08	5.54
Apr 2023	241208.76707413932	0.12	3.48
May 2023	241885.47903213953	0.28	2.04
Jun 2023	243118.11953089872	0.51	1.12
Jul 2023	244503.53733046373	0.57	0.95
Aug 2023	245593.6649222985	0.45	1.15
Sep 2023	246066.85540563916	0.19	1.43
Oct 2023	245973.76670963946	-0.04	1.46
Nov 2023	245577.29180748775	-0.16	1.31
Dec 2023	245064.87348725958	-0.21	1.18
Jan 2024	245397.59870424052	0.14	1.56
Feb 2024	246196.42818668947	0.33	2.11
Mar 2024	247475.55410396715	0.52	2.72
Apr 2024	248541.2856613372	0.43	3.04
May 2024	249508.5652168626	0.39	3.15
Jun 2024	250277.07272374383	0.31	2.95
Jul 2024	250753.11830450536	0.19	2.56
Aug 2024	250824.06642862633	0.03	2.13
Sep 2024	250687.88692752333	-0.05	1.88
Oct 2024	250542.175588034	-0.06	1.86
Nov 2024	250956.82137080107	0.17	2.19
Dec 2024	251895.758943032	0.37	2.79
Jan 2025	253013.05907410555	0.44	3.10
Feb 2025	253639.02756832648	0.25	3.02
Mar 2025	253744.27561112773	0.04	2.53
Apr 2025	253787.2809813491	0.02	2.11
May 2025	253906.92390049095	0.05	1.76
Jun 2025	254060.8138048317	0.06	1.51
Jul 2025	254201.02774930862	0.06	1.38
Aug 2025	254406.59137339782	0.08	1.43
Sep 2025	254599.2619030579	0.08	1.56
Oct 2025	254560.90309925794	-0.01	1.60
Nov 2025	254452.08350209644	-0.04	1.39
Dec 2025	254529.3199199723	0.03	1.05
Jan 2026	254789.12148316437	0.10	0.70
Feb 2026	255353.4328065427	0.22	0.68