House Prices

Lockerbie Square Indianapolis, IN House Prices & Home Values 2026


Average Data

average house price$419,574
average size per house1587 ft²
average price per ft²245 $ / ft²

04/15/2026 - The value range (VR) for house prices in Lockerbie Square Indianapolis, IN is $232.75/ sqft to $257.25/ sqft. An average home with 1587 sqft costs approximately $341,302 to $377,229. Indianapolis, IN includes 1 ZIP codes and it is located in Marion county. The lowest prices are found in ZIP 46204, while the highest are in ZIP 46204. The average price per sqare feet is $245. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Lockerbie Square Indianapolis

46204244 $ / ft²




Historical development of home values in Lockerbie Square Indianapolis

Year Estimated value (USD) Change vs. 2025
2010 $194,858 -53.6%
2011 $187,323 -55.4%
2012 $186,818 -55.5%
2013 $193,801 -53.8%
2014 $203,438 -51.5%
2015 $213,879 -49.0%
2016 $225,040 -46.4%
2017 $237,187 -43.5%
2018 $250,300 -40.3%
2019 $261,906 -37.6%
2020 $275,445 -34.4%
2021 $313,289 -25.3%
2022 $365,225 -13.0%
2023 $385,146 -8.2%
2024 $407,428 -2.9%
2025 $419,574 0.0%

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



Example: 100% financing house in Lockerbie Square Indianapolis

Loan amount: $419,574

Interest rate: 5.54%

Fixed monthly payment: $2,393.89

Breakdown in the 1st month:
Interest portion: $1,938.43  –  Principal portion: $455.46

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $23,120.14 $5,606.55 $413,967.45
2 $22,801.29 $5,925.39 $408,042.06
3 $22,464.31 $6,262.38 $401,779.68
4 $22,108.17 $6,618.52 $395,161.16
5 $21,731.77 $6,994.92 $388,166.24
6 $21,333.96 $7,392.73 $380,773.52
7 $20,913.53 $7,813.16 $372,960.36
8 $20,469.19 $8,257.49 $364,702.87
9 $19,999.59 $8,727.10 $355,975.76
10 $19,503.27 $9,223.42 $346,752.35
11 $18,978.73 $9,747.96 $337,004.38
12 $18,424.35 $10,302.33 $326,702.05
13 $17,838.45 $10,888.23 $315,813.81
14 $17,219.23 $11,507.46 $304,306.36
15 $16,564.80 $12,161.89 $292,144.47
16 $15,873.14 $12,853.55 $279,290.92
17 $15,142.15 $13,584.54 $265,706.38
18 $14,369.59 $14,357.10 $251,349.29
19 $13,553.09 $15,173.60 $236,175.69
20 $12,690.16 $16,036.53 $220,139.16
21 $11,778.15 $16,948.54 $203,190.63
22 $10,814.28 $17,912.41 $185,278.22
23 $9,795.59 $18,931.10 $166,347.12
24 $8,718.96 $20,007.72 $146,339.39
25 $7,581.11 $21,145.58 $125,193.82
26 $6,378.55 $22,348.14 $102,845.68
27 $5,107.60 $23,619.09 $79,226.58
28 $3,764.36 $24,962.33 $54,264.26
29 $2,344.74 $26,381.95 $27,882.31
30 $844.38 $27,882.31 $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 Lockerbie Square Indianapolis, IN


1500 sqft3900 sqft
Ø selling price$410,880$874,054
Ø fast selling$373,528$786,648
Ø high price sale$448,233$961,459

In 2026, houses in Lockerbie Square Indianapolis, IN will be offered at an average price of $245 per square foot. A 1,500 sqft home priced at $410,880 is 21.25% more expensive per square foot than a 3,900 sqft home priced at $874,054. Home prices in Lockerbie Square 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 $605,114. Sellers who can wait longer may achieve a higher price of up to $739,584.


Explore Lockerbie Square in Indianapolis, IN

Overview

Located just east of downtown Indianapolis, Lockerbie Square is the city's oldest surviving residential neighborhood and a prized historic district. Known for its brick-lined, tree-shaded blocks, the area showcases beautifully preserved Victorian-era architecture and charming cottages.

History and Architecture

Landmarks like the James Whitcomb Riley Museum Home celebrate the neighborhood?s literary heritage and draw year-round visitors. Many homes display Italianate, Federal, and Second Empire details, reflecting Indianapolis?s rapid growth in the late 19th century.

Location and Lifestyle

Residents enjoy a quiet, walkable enclave that sits steps from the energy of Mass Ave and the revitalized Bottleworks District.
Access to the Indianapolis Cultural Trail makes biking to restaurants, theaters, and downtown attractions convenient and car-light. Local favorites include artisan coffee shops, chef-driven dining, and pocket parks perfect for a relaxed afternoon. Community events, historic home tours, and seasonal festivals foster strong neighborhood pride and a welcoming feel.

Real Estate and Living

Real estate in Lockerbie Square ranges from lovingly restored historic homes to tasteful infill, offering buyers rare character near downtown Indianapolis. Whether you?re exploring history, seeking a walkable lifestyle, or investing in a distinctive address, Lockerbie Square delivers charm, culture, and convenience in one.



FAQ – Home Values in Lockerbie Square Indianapolis

What is the median home value in Lockerbie Square Indianapolis in 2026?

In 2026, the typical home value in Lockerbie Square Indianapolis is about $419,574 for an average home size of 1587 square feet. This corresponds to an average price of roughly $245 per square foot.

What is the average cost per square foot in Lockerbie Square Indianapolis?

In 2026, homes in Lockerbie Square Indianapolis sell for an average of around $245 per square foot, with a typical range between $232.75 and $257.25 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Lockerbie Square?

The average home size in Lockerbie Square Indianapolis is about 1587 square feet, with an estimated 2026 value around $419,574.



Neighborhoods close to Lockerbie Square Indianapolis, IN

Bridgeport Indianapolis, IN108 $ / ft²
Shorewood Forest Valparaiso, IN154 $ / ft²
Downtown Goshen Goshen, IN84 $ / ft²
Old Northside Indianapolis, IN189 $ / ft²
Lamb Lake Trafalgar, IN115 $ / ft²
University Park Greenwood, IN113 $ / ft²
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