House Prices

University Heights Indianapolis, IN House Prices & Home Values 2026


Average Data

average house price$190,045
average size per house1932 ft²
average price per ft²96 $ / ft²

04/15/2026 - The value range (VR) for house prices in University Heights Indianapolis, IN is $91.2/ sqft to $100.8/ sqft. An average home with 1932 sqft costs approximately $171,089 to $189,098. Indianapolis, IN includes 1 ZIP codes and it is located in Marion county. The lowest prices are found in ZIP 46227, while the highest are in ZIP 46227. The average price per sqare feet is $96. Our analysis is based on 19 property listings.

Avergage prices by ZIP codes University Heights Indianapolis

4622794 $ / ft²




Historical development of home values in University Heights Indianapolis

Year Estimated value (USD) Change vs. 2025
2010 $88,260 -53.6%
2011 $84,847 -55.4%
2012 $84,619 -55.5%
2013 $87,782 -53.8%
2014 $92,147 -51.5%
2015 $96,876 -49.0%
2016 $101,932 -46.4%
2017 $107,433 -43.5%
2018 $113,373 -40.3%
2019 $118,630 -37.6%
2020 $124,762 -34.4%
2021 $141,903 -25.3%
2022 $165,428 -13.0%
2023 $174,451 -8.2%
2024 $184,543 -2.9%
2025 $190,045 0.0%

Graph: estimated home values in University Heights Indianapolis over time (USD)



Example: 100% financing house in University Heights Indianapolis

Loan amount: $190,045

Interest rate: 5.83%

Fixed monthly payment: $1,118.24

Breakdown in the 1st month:
Interest portion: $922.67  –  Principal portion: $195.57

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $11,008.33 $2,410.59 $187,634.41
2 $10,864.08 $2,554.84 $185,079.56
3 $10,711.19 $2,707.73 $182,371.83
4 $10,549.16 $2,869.76 $179,502.07
5 $10,377.43 $3,041.49 $176,460.58
6 $10,195.42 $3,223.50 $173,237.08
7 $10,002.52 $3,416.40 $169,820.68
8 $9,798.08 $3,620.84 $166,199.84
9 $9,581.41 $3,837.51 $162,362.33
10 $9,351.77 $4,067.15 $158,295.17
11 $9,108.38 $4,310.54 $153,984.63
12 $8,850.43 $4,568.49 $149,416.15
13 $8,577.05 $4,841.87 $144,574.28
14 $8,287.31 $5,131.61 $139,442.67
15 $7,980.23 $5,438.69 $134,003.97
16 $7,654.77 $5,764.15 $128,239.82
17 $7,309.84 $6,109.08 $122,130.74
18 $6,944.26 $6,474.66 $115,656.08
19 $6,556.81 $6,862.11 $108,793.97
20 $6,146.17 $7,272.75 $101,521.22
21 $5,710.96 $7,707.96 $93,813.27
22 $5,249.71 $8,169.21 $85,644.06
23 $4,760.86 $8,658.06 $76,986.00
24 $4,242.75 $9,176.17 $67,809.82
25 $3,693.64 $9,725.28 $58,084.54
26 $3,111.66 $10,307.26 $47,777.28
27 $2,494.87 $10,924.05 $36,853.23
28 $1,841.16 $11,577.76 $25,275.46
29 $1,148.33 $12,270.59 $13,004.88
30 $414.05 $13,004.88 $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 University Heights Indianapolis, IN


1500 sqft3900 sqft
Ø selling price$169,188$359,907
Ø fast selling$153,807$323,917
Ø high price sale$184,568$395,898

In 2026, houses in University Heights Indianapolis, IN will be offered at an average price of $96 per square foot. A 1,500 sqft home priced at $169,188 is 22.33% more expensive per square foot than a 3,900 sqft home priced at $359,907. Home prices in University Heights 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 $249,167. Sellers who can wait longer may achieve a higher price of up to $304,537.


University Heights, Indianapolis, IN Neighborhood Guide

Overview

University Heights in Indianapolis, IN is a historic, tight-knit neighborhood anchored by the University of Indianapolis on the city?s south side.
Tree-lined streets, classic bungalows, and well-kept sidewalks create a walkable, campus-adjacent vibe that appeals to students, faculty, and long?time residents.
The neighborhood?s strong identity is reinforced by active community groups and frequent university events that spill into nearby blocks.

Lifestyle & Amenities

Residents enjoy quick access to local coffee shops, casual eateries, and everyday services along Shelby Street and Madison Avenue.
Green space and pocket parks, plus nearby destinations like Garfield Park, offer places to jog, picnic, and unwind.
The area blends college-town energy with a relaxed residential feel, making University Heights a convenient base for both study and work.

Housing & Real Estate

Housing in University Heights ranges from affordable starter homes to renovated Craftsman and Tudor-style properties that showcase early?20th?century charm.
Consistent demand from the university community supports a steady rental market while giving homeowners long-term value and neighborhood stability.

Getting Around

Commuters appreciate proximity to major corridors and IndyGo?s Red Line, which connects the south side to downtown and other key districts.
With short travel times to downtown Indianapolis, cultural venues, and major employers, the University Heights neighborhood delivers convenience without sacrificing character.



FAQ – Home Values in University Heights Indianapolis

What is the median home value in University Heights Indianapolis in 2026?

In 2026, the typical home value in University Heights Indianapolis is about $190,045 for an average home size of 1932 square feet. This corresponds to an average price of roughly $96 per square foot.

What is the average cost per square foot in University Heights Indianapolis?

In 2026, homes in University Heights Indianapolis sell for an average of around $96 per square foot, with a typical range between $91.2 and $100.8 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in University Heights?

The average home size in University Heights Indianapolis is about 1932 square feet, with an estimated 2026 value around $190,045.



Neighborhoods close to University Heights 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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