House Prices

Mile Square Indianapolis, IN House Prices & Home Values 2026


Average Data

average house price$452,722
average size per house1712 ft²
average price per ft²264 $ / ft²

04/15/2026 - The value range (VR) for house prices in Mile Square Indianapolis, IN is $250.8/ sqft to $277.2/ sqft. An average home with 1712 sqft costs approximately $428,082 to $473,143. 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 $264. Our analysis is based on 11 property listings.

Avergage prices by ZIP codes Mile Square Indianapolis

46204264 $ / ft²




Historical development of home values in Mile Square Indianapolis

Year Estimated value (USD) Change vs. 2025
2010 $210,252 -53.6%
2011 $202,122 -55.4%
2012 $201,578 -55.5%
2013 $209,112 -53.8%
2014 $219,510 -51.5%
2015 $230,776 -49.0%
2016 $242,820 -46.4%
2017 $255,926 -43.5%
2018 $270,074 -40.3%
2019 $282,597 -37.6%
2020 $297,206 -34.4%
2021 $338,040 -25.3%
2022 $394,079 -13.0%
2023 $415,574 -8.2%
2024 $439,616 -2.9%
2025 $452,722 0.0%

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



Example: 100% financing house in Mile Square Indianapolis

Loan amount: $452,722

Interest rate: 5.98%

Fixed monthly payment: $2,709.06

Breakdown in the 1st month:
Interest portion: $2,256.82  –  Principal portion: $452.24

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $26,930.54 $5,578.18 $447,143.82
2 $26,587.55 $5,921.17 $441,222.64
3 $26,223.47 $6,285.25 $434,937.39
4 $25,837.00 $6,671.72 $428,265.67
5 $25,426.77 $7,081.95 $421,183.72
6 $24,991.32 $7,517.40 $413,666.32
7 $24,529.09 $7,979.63 $405,686.69
8 $24,038.45 $8,470.28 $397,216.42
9 $23,517.63 $8,991.09 $388,225.32
10 $22,964.79 $9,543.94 $378,681.39
11 $22,377.95 $10,130.77 $368,550.62
12 $21,755.04 $10,753.69 $357,796.93
13 $21,093.82 $11,414.91 $346,382.02
14 $20,391.94 $12,116.78 $334,265.24
15 $19,646.91 $12,861.82 $321,403.43
16 $18,856.06 $13,652.66 $307,750.77
17 $18,016.59 $14,492.13 $293,258.64
18 $17,125.51 $15,383.22 $277,875.42
19 $16,179.63 $16,329.09 $261,546.33
20 $15,175.59 $17,333.13 $244,213.20
21 $14,109.82 $18,398.91 $225,814.29
22 $12,978.51 $19,530.21 $206,284.08
23 $11,777.64 $20,731.08 $185,553.00
24 $10,502.94 $22,005.79 $163,547.21
25 $9,149.85 $23,358.87 $140,188.34
26 $7,713.57 $24,795.15 $115,393.19
27 $6,188.97 $26,319.75 $89,073.44
28 $4,570.63 $27,938.09 $61,135.35
29 $2,852.78 $29,655.94 $31,479.41
30 $1,029.31 $31,479.41 $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 Mile Square Indianapolis, IN


1500 sqft3900 sqft
Ø selling price$477,723$1,016,247
Ø fast selling$434,294$914,622
Ø high price sale$521,152$1,117,871

In 2026, houses in Mile Square Indianapolis, IN will be offered at an average price of $264 per square foot. A 1,500 sqft home priced at $477,723 is 22.93% more expensive per square foot than a 3,900 sqft home priced at $1,016,247. Home prices in Mile 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 $703,555. Sellers who can wait longer may achieve a higher price of up to $859,901.


Mile Square Neighborhood Guide ? Downtown Indianapolis, IN

Location & Landmarks

Centered on Monument Circle, Mile Square is the historic heart of downtown Indianapolis with a compact, walkable street grid.

Signature landmarks like the Soldiers and Sailors Monument, the Indiana Statehouse, and Gainbridge Fieldhouse anchor the district and draw visitors year-round.

Culture & Things to Do

Residents and visitors enjoy easy access to the Indianapolis Cultural Trail, museums, theaters, and seasonal festivals that activate parks and plazas.

From pro basketball games to live music and public art, Mile Square offers a dense lineup of things to do within a few walkable blocks.

Business travelers appreciate the connected skywalks and major convention venues that make downtown Indianapolis a seamless meeting hub.

Dining, Nightlife & Shopping

The neighborhood?s food scene spans chef-driven restaurants, classic steakhouses, and quick lunch spots that serve the office crowd and event-goers, with convenient downtown shopping at boutiques and skywalk-connected malls.

After dark, cocktail lounges, craft breweries, and rooftop bars create a lively nightlife near hotels and theaters.

Living & Access

Modern high-rises and renovated historic buildings provide a mix of real estate options?apartments and condos?appealing to professionals seeking an urban lifestyle.

Mile Square is highly transit-friendly with IndyGo bus lines, bikeshare stations, and abundant scooters, while interstates I-65 and I-70 sit just minutes away.

With its central location, walkability, and year-round events, Mile Square stands out as the most connected neighborhood in Indianapolis, Indiana.



FAQ – Home Values in Mile Square Indianapolis

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

In 2026, the typical home value in Mile Square Indianapolis is about $452,722 for an average home size of 1712 square feet. This corresponds to an average price of roughly $264 per square foot.

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

In 2026, homes in Mile Square Indianapolis sell for an average of around $264 per square foot, with a typical range between $250.8 and $277.2 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Mile Square?

The average home size in Mile Square Indianapolis is about 1712 square feet, with an estimated 2026 value around $452,722.



Neighborhoods close to Mile 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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