House Prices

Cherry Lake Indianapolis, IN House Prices & Home Values 2026


Average Data

average house price$207,881
average size per house1992 ft²
average price per ft²109 $ / ft²

04/15/2026 - The value range (VR) for house prices in Cherry Lake Indianapolis, IN is $103.55/ sqft to $114.45/ sqft. An average home with 1992 sqft costs approximately $214,729 to $237,332. Indianapolis, IN includes 1 ZIP codes and it is located in Marion county. The lowest prices are found in ZIP 46235, while the highest are in ZIP 46235. The average price per sqare feet is $109. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Cherry Lake Indianapolis

46235107 $ / ft²




Historical development of home values in Cherry Lake Indianapolis

Year Estimated value (USD) Change vs. 2025
2010 $96,544 -53.6%
2011 $92,810 -55.4%
2012 $92,560 -55.5%
2013 $96,020 -53.8%
2014 $100,795 -51.5%
2015 $105,968 -49.0%
2016 $111,498 -46.4%
2017 $117,516 -43.5%
2018 $124,013 -40.3%
2019 $129,763 -37.6%
2020 $136,471 -34.4%
2021 $155,221 -25.3%
2022 $180,953 -13.0%
2023 $190,824 -8.2%
2024 $201,863 -2.9%
2025 $207,881 0.0%

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



Example: 100% financing house in Cherry Lake Indianapolis

Loan amount: $207,881

Interest rate: 6.25%

Fixed monthly payment: $1,279.42

Breakdown in the 1st month:
Interest portion: $1,082.02  –  Principal portion: $197.40

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $12,915.24 $2,437.77 $205,443.23
2 $12,758.55 $2,594.47 $202,848.75
3 $12,591.77 $2,761.25 $200,087.51
4 $12,414.28 $2,938.74 $197,148.77
5 $12,225.38 $3,127.64 $194,021.13
6 $12,024.34 $3,328.68 $190,692.45
7 $11,810.37 $3,542.65 $187,149.81
8 $11,582.65 $3,770.36 $183,379.44
9 $11,340.30 $4,012.72 $179,366.72
10 $11,082.36 $4,270.66 $175,096.06
11 $10,807.85 $4,545.17 $170,550.89
12 $10,515.69 $4,837.33 $165,713.55
13 $10,204.74 $5,148.28 $160,565.28
14 $9,873.82 $5,479.20 $155,086.08
15 $9,521.62 $5,831.40 $149,254.67
16 $9,146.78 $6,206.24 $143,048.43
17 $8,747.84 $6,605.18 $136,443.25
18 $8,323.26 $7,029.76 $129,413.49
19 $7,871.40 $7,481.62 $121,931.87
20 $7,390.48 $7,962.54 $113,969.33
21 $6,878.65 $8,474.37 $105,494.96
22 $6,333.93 $9,019.09 $96,475.87
23 $5,754.18 $9,598.84 $86,877.03
24 $5,137.17 $10,215.85 $76,661.19
25 $4,480.51 $10,872.51 $65,788.67
26 $3,781.63 $11,571.39 $54,217.28
27 $3,037.82 $12,315.20 $41,902.08
28 $2,246.21 $13,106.81 $28,795.27
29 $1,403.71 $13,949.31 $14,845.96
30 $507.06 $14,845.96 $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 Cherry Lake Indianapolis, IN


1500 sqft3900 sqft
Ø selling price$205,947$438,104
Ø fast selling$187,224$394,294
Ø high price sale$224,669$481,915

In 2026, houses in Cherry Lake Indianapolis, IN will be offered at an average price of $109 per square foot. A 1,500 sqft home priced at $205,947 is 23.94% more expensive per square foot than a 3,900 sqft home priced at $438,104. Home prices in Cherry Lake 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 $303,303. Sellers who can wait longer may achieve a higher price of up to $370,704.


Cherry Lake, Indianapolis, IN Neighborhood Guide

Overview

Cherry Lake is a peaceful Indianapolis neighborhood known for its relaxed suburban atmosphere and friendly, close?knit vibe. Residents appreciate well?kept homes, tree?lined streets, and convenient living within the broader Indianapolis, IN community.


Location & Access

Positioned within the city of Indianapolis, Cherry Lake offers quick connections to I?465 and other major thoroughfares for easy commuting. Downtown Indianapolis, major employers, and area universities are a straightforward drive from the neighborhood. Daily errands are simple thanks to nearby grocery stores, retail centers, and essential services.


Lifestyle & Recreation

Quiet streets, sidewalks, and nearby green spaces invite morning walks, outdoor workouts, and tranquil sunset strolls. Families enjoy convenient access to Indianapolis parks, local playgrounds, and seasonal community events that foster a welcoming neighborhood spirit.


Real Estate & Homebuyers

Cherry Lake real estate typically features single?family homes with a mix of ranch and two?story floor plans and attached garages. Buyers are drawn to the combination of serene surroundings, practical layouts, and strong value compared with other Indianapolis neighborhoods. If you?re exploring homes for sale in Cherry Lake, consult a local agent to navigate inventory, HOA details, and current market trends.



FAQ – Home Values in Cherry Lake Indianapolis

What is the median home value in Cherry Lake Indianapolis in 2026?

In 2026, the typical home value in Cherry Lake Indianapolis is about $207,881 for an average home size of 1992 square feet. This corresponds to an average price of roughly $109 per square foot.

What is the average cost per square foot in Cherry Lake Indianapolis?

In 2026, homes in Cherry Lake Indianapolis sell for an average of around $109 per square foot, with a typical range between $103.55 and $114.45 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Cherry Lake?

The average home size in Cherry Lake Indianapolis is about 1992 square feet, with an estimated 2026 value around $207,881.



Neighborhoods close to Cherry Lake Indianapolis, IN

Nora Indianapolis, IN138 $ / ft²
Shorewood Forest Valparaiso, IN154 $ / ft²
Downtown Goshen Goshen, IN84 $ / ft²
Bridgeport Indianapolis, IN108 $ / ft²
Lamb Lake Trafalgar, IN115 $ / ft²
University Park Greenwood, IN113 $ / ft²
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