46228 — Marion County, Indiana Market Snapshot
Housing market data for zip code 46228 in Marion County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
58 sales in 2026 (year to date)
Median Sale Price
$286,250
Days to Sell
13
Homes Sold
58
Inventory
33
Sale-to-List
98.3%
New Listings
67
Price/SqFt
$146
Pending Sales
61
Conforming Loan Available
Most homebuyers in 46228 can comfortably use conventional financing. The median home price of $286,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
46228 is an extremely competitive market with homes selling in just 13 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 46228 (98.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 46228 can comfortably use conventional financing. The median home price of $286,250 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 46228 are set at the county level.
2026 Loan Limits — Marion County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 46228
To purchase the median home at $286,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,343.
Monthly Payment
$2,343
Income Required
$100,421
Principal & Interest
$1,764/mo
Down Payment (5%)
$14,313
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 46228.
Estimated Monthly Payment
$1,922
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