House Prices

Rural Sherman Indianapolis, IN House Prices & Home Values 2026


Average Data

average house price$246,706
average size per house1661 ft²
average price per ft²140 $ / ft²

04/15/2026 - The value range (VR) for house prices in Rural Sherman Indianapolis, IN is $133/ sqft to $147/ sqft. An average home with 1661 sqft costs approximately $207,217 to $229,029. Indianapolis, IN includes 1 ZIP codes and it is located in Marion county. The lowest prices are found in ZIP 46201, while the highest are in ZIP 46201. The average price per sqare feet is $140. Our analysis is based on 10 property listings.

Avergage prices by ZIP codes Rural Sherman Indianapolis

46201173 $ / ft²




Historical development of home values in Rural Sherman Indianapolis

Year Estimated value (USD) Change vs. 2025
2010 $114,575 -53.6%
2011 $110,144 -55.4%
2012 $109,848 -55.5%
2013 $113,953 -53.8%
2014 $119,620 -51.5%
2015 $125,759 -49.0%
2016 $132,322 -46.4%
2017 $139,464 -43.5%
2018 $147,174 -40.3%
2019 $153,998 -37.6%
2020 $161,959 -34.4%
2021 $184,211 -25.3%
2022 $214,749 -13.0%
2023 $226,463 -8.2%
2024 $239,564 -2.9%
2025 $246,706 0.0%

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



Example: 100% financing house in Rural Sherman Indianapolis

Loan amount: $246,706

Interest rate: 5.63%

Fixed monthly payment: $1,420.65

Breakdown in the 1st month:
Interest portion: $1,157.05  –  Principal portion: $263.60

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $13,801.73 $3,246.02 $243,459.98
2 $13,614.26 $3,433.50 $240,026.48
3 $13,415.96 $3,631.80 $236,394.68
4 $13,206.20 $3,841.55 $232,553.13
5 $12,984.34 $4,063.42 $228,489.72
6 $12,749.66 $4,298.10 $224,191.62
7 $12,501.42 $4,546.33 $219,645.28
8 $12,238.85 $4,808.91 $214,836.38
9 $11,961.11 $5,086.64 $209,749.73
10 $11,667.33 $5,380.42 $204,369.31
11 $11,356.59 $5,691.16 $198,678.15
12 $11,027.90 $6,019.86 $192,658.29
13 $10,680.22 $6,367.53 $186,290.76
14 $10,312.47 $6,735.29 $179,555.48
15 $9,923.47 $7,124.28 $172,431.20
16 $9,512.01 $7,535.74 $164,895.46
17 $9,076.79 $7,970.96 $156,924.49
18 $8,616.43 $8,431.33 $148,493.17
19 $8,129.48 $8,918.27 $139,574.89
20 $7,614.41 $9,433.35 $130,141.55
21 $7,069.59 $9,978.17 $120,163.38
22 $6,493.30 $10,554.45 $109,608.93
23 $5,883.73 $11,164.02 $98,444.91
24 $5,238.96 $11,808.80 $86,636.11
25 $4,556.95 $12,490.81 $74,145.30
26 $3,835.54 $13,212.21 $60,933.09
27 $3,072.48 $13,975.28 $46,957.82
28 $2,265.34 $14,782.42 $32,175.40
29 $1,411.59 $15,636.17 $16,539.23
30 $508.52 $16,539.23 $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 Rural Sherman Indianapolis, IN


1500 sqft3900 sqft
Ø selling price$238,346$507,027
Ø fast selling$216,679$456,324
Ø high price sale$260,014$557,730

In 2026, houses in Rural Sherman Indianapolis, IN will be offered at an average price of $140 per square foot. A 1,500 sqft home priced at $238,346 is 21.57% more expensive per square foot than a 3,900 sqft home priced at $507,027. Home prices in Rural Sherman 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 $351,019. Sellers who can wait longer may achieve a higher price of up to $429,023.


Rural Sherman, Indianapolis IN Neighborhood Guide

The Rural Sherman neighborhood in Indianapolis, IN offers a convenient Near Eastside location with a relaxed residential vibe.
Often called Rural-Sherman, this community blends classic bungalows and foursquares with updated homes and tree-lined blocks.

Location and Accessibility

Residents are minutes from Downtown Indianapolis with quick connections along Rural Street, Sherman Drive, and nearby I-70.
The area is commute-friendly for healthcare workers, downtown professionals, and students accessing city campuses.

Lifestyle and Amenities

Daily life includes local eateries, corner markets, and neighborhood services, with parks and greenways a short drive away.
A friendly front-porch culture and active civic groups foster a welcoming, close-knit feel.

Housing and Real Estate

Rural Sherman real estate and homes for sale are known for value, with competitive prices compared to many central Indy neighborhoods.
Buyers will find a mix of single-family homes, duplexes, and renovated properties that appeal to first-time owners and investors.

Community and Growth

Ongoing revitalization across the Near Eastside is bringing streetscape upgrades, small-business investment, and renewed pride to Rural Sherman.
For buyers, renters, and entrepreneurs, Rural Sherman Indianapolis delivers affordability, connectivity, and authentic city character.



FAQ – Home Values in Rural Sherman Indianapolis

What is the median home value in Rural Sherman Indianapolis in 2026?

In 2026, the typical home value in Rural Sherman Indianapolis is about $246,706 for an average home size of 1661 square feet. This corresponds to an average price of roughly $140 per square foot.

What is the average cost per square foot in Rural Sherman Indianapolis?

In 2026, homes in Rural Sherman Indianapolis sell for an average of around $140 per square foot, with a typical range between $133 and $147 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Rural Sherman?

The average home size in Rural Sherman Indianapolis is about 1661 square feet, with an estimated 2026 value around $246,706.



Neighborhoods close to Rural Sherman Indianapolis, IN

Bridgeport Indianapolis, IN108 $ / ft²
Shorewood Forest Valparaiso, IN154 $ / ft²
Downtown Goshen Goshen, IN84 $ / ft²
Lamb Lake Trafalgar, IN115 $ / ft²
University Park Greenwood, IN113 $ / ft²
South Harbour Noblesville, IN163 $ / ft²
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