46231 — Marion County, Indiana Market Snapshot
Housing market data for zip code 46231 in Marion County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
35 sales in 2026 (year to date)
Median Sale Price
$248,000
Days to Sell
17
Homes Sold
35
Inventory
16
Sale-to-List
98.9%
New Listings
40
Price/SqFt
$154
Pending Sales
42
Conforming Loan Available
Most homebuyers in 46231 can comfortably use conventional financing. The median home price of $248,000 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
Homes in 46231 are moving quickly at 17 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 46231 (98.9% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 46231 can comfortably use conventional financing. The median home price of $248,000 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 46231 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 46231
To purchase the median home at $248,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,050.
Monthly Payment
$2,050
Income Required
$87,861
Principal & Interest
$1,528/mo
Down Payment (5%)
$12,400
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 46231.
Estimated Monthly Payment
$1,685
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