House Prices

Near Northwest Indianapolis, IN House Prices & Home Values 2026


Average Data

average house price$194,677
average size per house2288 ft²
average price per ft²94 $ / ft²

04/15/2026 - The value range (VR) for house prices in Near Northwest Indianapolis, IN is $89.3/ sqft to $98.7/ sqft. An average home with 2288 sqft costs approximately $224,546 to $248,183. Indianapolis, IN includes 1 ZIP codes and it is located in Marion county. The lowest prices are found in ZIP 46208, while the highest are in ZIP 46208. The average price per sqare feet is $94. Our analysis is based on 5 property listings.

Avergage prices by ZIP codes Near Northwest Indianapolis

4620863 $ / ft²




Historical development of home values in Near Northwest Indianapolis

Year Estimated value (USD) Change vs. 2025
2010 $90,412 -53.6%
2011 $86,915 -55.4%
2012 $86,681 -55.5%
2013 $89,921 -53.8%
2014 $94,392 -51.5%
2015 $99,237 -49.0%
2016 $104,416 -46.4%
2017 $110,052 -43.5%
2018 $116,136 -40.3%
2019 $121,521 -37.6%
2020 $127,803 -34.4%
2021 $145,362 -25.3%
2022 $169,460 -13.0%
2023 $178,703 -8.2%
2024 $189,041 -2.9%
2025 $194,677 0.0%

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



Example: 100% financing house in Near Northwest Indianapolis

Loan amount: $194,677

Interest rate: 6.59%

Fixed monthly payment: $1,242.55

Breakdown in the 1st month:
Interest portion: $1,069.75  â€“  Principal portion: $172.80

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $12,773.17 $2,137.44 $192,539.56
2 $12,627.89 $2,282.72 $190,256.85
3 $12,472.73 $2,437.87 $187,818.98
4 $12,307.03 $2,603.57 $185,215.40
5 $12,130.07 $2,780.54 $182,434.86
6 $11,941.07 $2,969.53 $179,465.33
7 $11,739.24 $3,171.37 $176,293.96
8 $11,523.68 $3,386.93 $172,907.03
9 $11,293.47 $3,617.14 $169,289.90
10 $11,047.61 $3,862.99 $165,426.91
11 $10,785.05 $4,125.56 $161,301.35
12 $10,504.63 $4,405.97 $156,895.37
13 $10,205.16 $4,705.45 $152,189.93
14 $9,885.33 $5,025.27 $147,164.65
15 $9,543.76 $5,366.84 $141,797.81
16 $9,178.98 $5,731.62 $136,066.19
17 $8,789.40 $6,121.20 $129,944.99
18 $8,373.35 $6,537.26 $123,407.73
19 $7,929.01 $6,981.60 $116,426.13
20 $7,454.47 $7,456.13 $108,970.00
21 $6,947.68 $7,962.93 $101,007.07
22 $6,406.44 $8,504.16 $92,502.91
23 $5,828.41 $9,082.19 $83,420.72
24 $5,211.10 $9,699.51 $73,721.21
25 $4,551.83 $10,358.78 $63,362.43
26 $3,847.74 $11,062.86 $52,299.57
27 $3,095.80 $11,814.81 $40,484.76
28 $2,292.75 $12,617.86 $27,866.90
29 $1,435.12 $13,475.49 $14,391.42
30 $519.19 $14,391.42 $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 Near Northwest Indianapolis, IN


1500 sqft3900 sqft
Ø selling price$187,501$398,865
Ø fast selling$170,455$358,979
Ø high price sale$204,546$438,751

In 2026, houses in Near Northwest Indianapolis, IN will be offered at an average price of $94 per square foot. A 1,500 sqft home priced at $187,501 is 25.28% more expensive per square foot than a 3,900 sqft home priced at $398,865. Home prices in Near Northwest 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 $276,137. Sellers who can wait longer may achieve a higher price of up to $337,501.


Near Northwest, Indianapolis, IN Neighborhood Guide

Location & Lifestyle

The Near Northwest neighborhood in Indianapolis, IN sits just minutes from Downtown and IUPUI, offering urban convenience with a residential feel. Bounded by the White River and major corridors like Dr. Martin Luther King Jr. Street, the area connects historic blocks with emerging destinations. Residents appreciate a community vibe shaped by long-time neighbors, churches, and grassroots organizations.


Homes & Real Estate

The Near Northwest Indianapolis real estate market features classic bungalows, American Foursquares, and brick duplexes alongside refreshed rehabs and infill builds. Buyers will find opportunities for value-add projects as well as move-in-ready homes, attracting first-time purchasers and mission-driven developers. Renters can choose from small apartment buildings and renovated upper?lower flats on tree-lined streets.


Parks, Amenities & Transportation

Recreation abounds at nearby Riverside Park, the White River Greenway, and community spaces such as Flanner House and Cleo?s Bodega & Café. Commuters enjoy IndyGo bus service, straightforward access to I?65 and I?70, and short bike rides to campus, 16 Tech, and Downtown employers.


Community & Outlook

Local initiatives focus on equitable growth, home repair assistance, and small-business support to preserve the area?s heritage while welcoming investment. Whether you?re searching for homes for sale, considering a rehab, or exploring things to do, the Near Northwest Indianapolis offers authentic neighborhood living with room to grow.



FAQ – Home Values in Near Northwest Indianapolis

What is the median home value in Near Northwest Indianapolis in 2026?

In 2026, the typical home value in Near Northwest Indianapolis is about $194,677 for an average home size of 2288 square feet. This corresponds to an average price of roughly $94 per square foot.

What is the average cost per square foot in Near Northwest Indianapolis?

In 2026, homes in Near Northwest Indianapolis sell for an average of around $94 per square foot, with a typical range between $89.3 and $98.7 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Near Northwest?

The average home size in Near Northwest Indianapolis is about 2288 square feet, with an estimated 2026 value around $194,677.



Neighborhoods close to Near Northwest 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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