Zip Code: 46240 (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 46240 Zip Code (Indianapolis, Indiana) in February 2026 was $357,474.425. The month over month percentage change (MoM) was 0.34%, and the year over year percentage change (YoY) was 3.08%.

The chart below shows the trend of the smoothed and seasonally adjusted ZHVI for the 46240 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 46240 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: 46240 - Zillow House Inventory Topic List

Data Source: Zillow.

Zip Code: 46240 (Indianapolis, Indiana) - Trend of Zillow Home Value Index (ZHVI), Smooth and Seasonally Adjusted ($)

Zip Code: 46240 (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	186509.6913738954	0.30	4.45
Feb 2015	187038.61251620008	0.28	4.36
Mar 2015	187610.14357650257	0.31	4.05
Apr 2015	187938.11978901844	0.18	3.36
May 2015	188111.2801636168	0.09	2.54
Jun 2015	187918.86481262025	-0.10	1.90
Jul 2015	187764.30194083243	-0.08	1.48
Aug 2015	188248.93174691443	0.26	1.70
Sep 2015	188920.36550920154	0.36	1.84
Oct 2015	189362.2810330559	0.23	2.05
Nov 2015	189283.40834709653	-0.04	1.89
Dec 2015	189772.92022126992	0.26	2.05
Jan 2016	190660.8504665566	0.47	2.23
Feb 2016	191655.93035090726	0.52	2.47
Mar 2016	191939.21784050067	0.15	2.31
Apr 2016	192258.58942384462	0.17	2.30
May 2016	192859.33559517292	0.31	2.52
Jun 2016	194082.26631425126	0.63	3.28
Jul 2016	195530.490535512	0.75	4.14
Aug 2016	196909.78340290245	0.71	4.60
Sep 2016	198534.86917836685	0.83	5.09
Oct 2016	200059.40280242942	0.77	5.65
Nov 2016	201497.4314417446	0.72	6.45
Dec 2016	202744.12216111817	0.62	6.84
Jan 2017	203827.8295840841	0.54	6.91
Feb 2017	205367.32776469536	0.76	7.15
Mar 2017	207054.2645687694	0.82	7.88
Apr 2017	209271.51639038266	1.07	8.85
May 2017	211298.99274542183	0.97	9.56
Jun 2017	213265.95616170988	0.93	9.88
Jul 2017	214875.6215950344	0.76	9.89
Aug 2017	216261.44605824724	0.65	9.83
Sep 2017	217214.36889159438	0.44	9.41
Oct 2017	218011.35222054308	0.37	8.97
Nov 2017	219008.13040052413	0.46	8.69
Dec 2017	219952.45054645836	0.43	8.49
Jan 2018	220870.43976172092	0.42	8.36
Feb 2018	221412.77458505658	0.25	7.81
Mar 2018	222431.80915716858	0.46	7.43
Apr 2018	223710.8174194448	0.57	6.90
May 2018	225711.88124139232	0.89	6.82
Jun 2018	227674.76318998192	0.87	6.76
Jul 2018	229722.72596005592	0.90	6.91
Aug 2018	231271.84722173322	0.67	6.94
Sep 2018	232508.22762489947	0.54	7.04
Oct 2018	233470.44303059214	0.41	7.09
Nov 2018	234619.1506364235	0.49	7.13
Dec 2018	235608.76163372825	0.42	7.12
Jan 2019	236038.93691177559	0.18	6.87
Feb 2019	235843.6769760103	-0.08	6.52
Mar 2019	236018.7912084174	0.07	6.11
Apr 2019	236545.2341870067	0.22	5.74
May 2019	237318.23316616952	0.33	5.14
Jun 2019	237943.28585553638	0.26	4.51
Jul 2019	238735.7776973032	0.33	3.92
Aug 2019	239503.2305473435	0.32	3.56
Sep 2019	240391.83962614942	0.37	3.39
Oct 2019	241750.2395683532	0.56	3.55
Nov 2019	243574.72943974586	0.76	3.82
Dec 2019	245167.04909931184	0.65	4.06
Jan 2020	247097.40495751236	0.79	4.68
Feb 2020	248641.41717362186	0.63	5.43
Mar 2020	250340.69260267497	0.68	6.07
Apr 2020	251145.5812171354	0.32	6.17
May 2020	251674.09729466922	0.21	6.05
Jun 2020	251778.1891147512	0.04	5.81
Jul 2020	252279.2109841146	0.20	5.67
Aug 2020	253537.415492797	0.50	5.86
Sep 2020	256238.5758725081	1.07	6.59
Oct 2020	259652.10779241295	1.33	7.41
Nov 2020	263743.797716787	1.58	8.28
Dec 2020	267573.5613984678	1.45	9.14
Jan 2021	271022.15749097243	1.29	9.68
Feb 2021	274877.40268463345	1.42	10.55
Mar 2021	279023.71686135366	1.51	11.46
Apr 2021	283368.2872819014	1.56	12.83
May 2021	287719.9643207965	1.54	14.32
Jun 2021	292085.0417282942	1.52	16.01
Jul 2021	295652.8835189606	1.22	17.19
Aug 2021	297352.29353354784	0.57	17.28
Sep 2021	297912.3234629406	0.19	16.26
Oct 2021	299372.39594652486	0.49	15.30
Nov 2021	302124.8742522945	0.92	14.55
Dec 2021	305584.4019148827	1.15	14.21
Jan 2022	310053.8472306616	1.46	14.40
Feb 2022	315407.20142749045	1.73	14.75
Mar 2022	321188.6877017393	1.83	15.11
Apr 2022	326512.63719056564	1.66	15.23
May 2022	330820.0929004031	1.32	14.98
Jun 2022	334140.36519965803	1.00	14.40
Jul 2022	334710.7676207724	0.17	13.21
Aug 2022	333053.93390239176	-0.49	12.01
Sep 2022	330142.8058353512	-0.87	10.82
Oct 2022	328110.127202426	-0.62	9.60
Nov 2022	327310.8782558827	-0.24	8.34
Dec 2022	327490.5317215746	0.06	7.17
Jan 2023	327807.2054351782	0.10	5.73
Feb 2023	328503.3700559849	0.21	4.15
Mar 2023	328668.9193668067	0.05	2.33
Apr 2023	328682.2069528517	0.00	0.66
May 2023	328619.4871009651	-0.02	-0.66
Jun 2023	329410.6336134482	0.24	-1.41
Jul 2023	330704.2168435965	0.39	-1.20
Aug 2023	331902.79233449016	0.36	-0.35
Sep 2023	333044.87323261105	0.34	0.88
Oct 2023	333510.59547011787	0.14	1.65
Nov 2023	333752.6871940862	0.07	1.97
Dec 2023	333610.98765927186	-0.04	1.87
Jan 2024	334323.8620740049	0.21	1.99
Feb 2024	335424.2144095307	0.33	2.11
Mar 2024	337484.4078025902	0.61	2.68
Apr 2024	339354.62438322493	0.55	3.25
May 2024	340725.29237935506	0.40	3.68
Jun 2024	340638.71034345194	-0.02	3.41
Jul 2024	340083.83233282395	-0.16	2.84
Aug 2024	339694.852410004	-0.11	2.35
Sep 2024	340117.9613752892	0.13	2.12
Oct 2024	340989.789906671	0.26	2.24
Nov 2024	342071.93193761236	0.32	2.49
Dec 2024	343412.31305836624	0.39	2.94
Jan 2025	345031.2837728954	0.47	3.20
Feb 2025	346792.5554063754	0.51	3.39
Mar 2025	348161.68265264394	0.40	3.16
Apr 2025	349054.4489054714	0.26	2.86
May 2025	349577.92670980765	0.15	2.60
Jun 2025	349913.63727943227	0.10	2.72
Jul 2025	350546.34507401224	0.18	3.08
Aug 2025	350981.189193555	0.12	3.32
Sep 2025	351658.9105271104	0.19	3.39
Oct 2025	352279.7525193761	0.18	3.31
Nov 2025	353487.19564511214	0.34	3.34
Dec 2025	354825.84933885606	0.38	3.32
Jan 2026	356264.4827794057	0.41	3.26
Feb 2026	357474.4246546866	0.34	3.08