House Prices

Pennwood Indianapolis, IN House Prices & Home Values 2026


Average Data

average house price$429,086
average size per house3019 ft²
average price per ft²144 $ / ft²

04/19/2026 - The value range (VR) for house prices in Pennwood Indianapolis, IN is $136.8/ sqft to $151.2/ sqft. An average home with 3019 sqft costs approximately $417,130 to $461,038. Indianapolis, IN includes 1 ZIP codes and it is located in Hamilton county. The lowest prices are found in ZIP 46280, while the highest are in ZIP 46280. The average price per sqare feet is $144. Our analysis is based on 7 property listings.

Avergage prices by ZIP codes Pennwood Indianapolis

46280159 $ / ft²




Historical development of home values in Pennwood Indianapolis

Year Estimated value (USD) Change vs. 2025
2010 $199,275 -53.6%
2011 $191,569 -55.4%
2012 $191,054 -55.5%
2013 $198,195 -53.8%
2014 $208,050 -51.5%
2015 $218,728 -49.0%
2016 $230,142 -46.4%
2017 $242,564 -43.5%
2018 $255,974 -40.3%
2019 $267,843 -37.6%
2020 $281,690 -34.4%
2021 $320,391 -25.3%
2022 $373,505 -13.0%
2023 $393,878 -8.2%
2024 $416,664 -2.9%
2025 $429,086 0.0%

Graph: estimated home values in Pennwood Indianapolis over time (USD)



Example: 100% financing house in Pennwood Indianapolis

Loan amount: $429,086

Interest rate: 6.06%

Fixed monthly payment: $2,589.16

Breakdown in the 1st month:
Interest portion: $2,166.88  –  Principal portion: $422.28

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $25,859.47 $5,210.48 $423,875.52
2 $25,534.80 $5,535.16 $418,340.36
3 $25,189.89 $5,880.06 $412,460.30
4 $24,823.49 $6,246.46 $406,213.84
5 $24,434.26 $6,635.69 $399,578.15
6 $24,020.78 $7,049.17 $392,528.97
7 $23,581.53 $7,488.42 $385,040.56
8 $23,114.92 $7,955.03 $377,085.52
9 $22,619.23 $8,450.73 $368,634.79
10 $22,092.65 $8,977.31 $359,657.49
11 $21,533.25 $9,536.70 $350,120.79
12 $20,939.00 $10,130.95 $339,989.84
13 $20,307.73 $10,762.23 $329,227.61
14 $19,637.11 $11,432.84 $317,794.77
15 $18,924.71 $12,145.24 $305,649.53
16 $18,167.92 $12,902.03 $292,747.49
17 $17,363.97 $13,705.98 $279,041.51
18 $16,509.92 $14,560.03 $264,481.48
19 $15,602.66 $15,467.29 $249,014.19
20 $14,638.87 $16,431.09 $232,583.10
21 $13,615.02 $17,454.94 $215,128.17
22 $12,527.37 $18,542.59 $196,585.58
23 $11,371.94 $19,698.01 $176,887.57
24 $10,144.53 $20,925.43 $155,962.15
25 $8,840.62 $22,229.33 $133,732.82
26 $7,455.47 $23,614.48 $110,118.34
27 $5,984.01 $25,085.94 $85,032.40
28 $4,420.86 $26,649.09 $58,383.31
29 $2,760.31 $28,309.64 $30,073.67
30 $996.28 $30,073.67 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Pennwood Indianapolis, IN


1500 sqft3900 sqft
Ø selling price$263,974$561,544
Ø fast selling$239,977$505,390
Ø high price sale$287,972$617,699

In 2026, houses in Pennwood Indianapolis, IN will be offered at an average price of $144 per square foot. A 1,500 sqft home priced at $263,974 is 23.23% more expensive per square foot than a 3,900 sqft home priced at $561,544. Home prices in Pennwood Indianapolis, IN vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $388,762. Sellers who can wait longer may achieve a higher price of up to $475,153.


Living in Pennwood, Indianapolis, IN

Neighborhood Overview

The Pennwood neighborhood in Indianapolis, IN offers a welcoming, residential vibe with tree-lined streets and well-kept homes. Its quiet atmosphere and community pride make it an appealing spot for homeowners and renters seeking calm within the city.

Location and Convenience

Residents appreciate Pennwood?s convenient Indianapolis location, with straightforward drives to major employment centers and downtown attractions. Access to everyday necessities?groceries, services, and dining?typically sits just a short trip away along nearby corridors.

Housing and Real Estate

Homes for sale in Pennwood Indianapolis range from classic single-family houses to updated options that blend value and comfort.
The neighborhood?s real estate tends to emphasize livability, yard space, and established streetscapes that attract first-time buyers and long-term residents alike.

Lifestyle and Amenities

Outdoor-friendly living is supported by local green spaces and sidewalks, while area schools, libraries, and recreation centers are reachable within the greater community. Weekend plans often include neighborhood strolls, visits to nearby parks,
and quick outings to Indianapolis cultural and sports venues.

Why Choose Pennwood

If you value convenience, stability, and a friendly pace, Pennwood delivers small-neighborhood charm with city access. Explore Pennwood, Indianapolis to discover a comfortable lifestyle, solid housing options, and proximity that supports work, play, and everyday errands.



FAQ – Home Values in Pennwood Indianapolis

What is the median home value in Pennwood Indianapolis in 2026?

In 2026, the typical home value in Pennwood Indianapolis is about $429,086 for an average home size of 3019 square feet. This corresponds to an average price of roughly $144 per square foot.

What is the average cost per square foot in Pennwood Indianapolis?

In 2026, homes in Pennwood Indianapolis sell for an average of around $144 per square foot, with a typical range between $136.8 and $151.2 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Pennwood?

The average home size in Pennwood Indianapolis is about 3019 square feet, with an estimated 2026 value around $429,086.



Neighborhoods close to Pennwood Indianapolis, IN

Shorewood Forest Valparaiso, IN154 $ / ft²
Downtown Goshen Goshen, IN84 $ / ft²
Winding Brook Park Mishawaka, IN104 $ / ft²
Bridgeport Indianapolis, IN108 $ / ft²
Lamb Lake Trafalgar, IN115 $ / ft²
University Park Greenwood, IN113 $ / ft²
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