The story of this market
The typical home in ZIP 46038 sells for about $372,500, or $178 per square foot.
Prices are up +6.46% from a year ago, so sellers still have some momentum. Homes take about 12 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,575 a month.
ZIP 46038 — Fishers
The 46038 housing market is currently a seller's market characterized by low inventory and steady price appreciation. While median sale prices have risen 6.46% year-over-year, the market remains balanced by high demand from families attracted to the area's school quality and economic growth. Some data points, such as specific tax history and months of supply, were not available at the ZIP level.
This ZIP is ideal for family buyers seeking high-quality schools and suburban amenities, as well as professionals commuting to Indianapolis who value a balance of suburban space and urban accessibility.
Median prices moved up 6.5% year over year.
Homes spend a median of 12 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 99.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 4.8% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 46038, Hamilton County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by highly-rated public schools within the Hamilton Southeastern Schools district, which is a primary driver for family-oriented housing demand.
Fishers continues to experience strong economic momentum with significant corporate investment and infrastructure development, particularly in the downtown and commercial corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents primarily commute via I-69, providing direct access to the Indianapolis employment core, with typical drive times ranging from 25 to 40 minutes depending on traffic.
The area features extensive access to local parks, walking trails, and proximity to Geist Reservoir, alongside significant retail and dining options in the downtown Fishers district.
The rental market remains competitive with steady demand, supported by a mix of single-family rentals and newer multi-family developments in the Fishers area.
The local economy is anchored by a diverse mix of technology, healthcare, and professional services, benefiting from the broader growth of the Indianapolis metropolitan area.
The area is primarily car-dependent, with I-69 serving as the main arterial corridor for regional transit and commuting.
Ongoing development includes mixed-use projects in the downtown Fishers area and continued residential expansion in the surrounding suburban zones.
The Hamilton County Assessor manages property valuations, typically conducting annual adjustments based on market sales data.
Parcels are subject to Hamilton Southeastern Schools district taxes and various municipal service assessments.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Slick City Action Park4.519.6 mi
- Dave & Buster's Indianapolis3.94.7 mi
- Smiley Ocean Themed Adventure Park4.34.5 mi
- Sky Zone Trampoline Park4.34.1 mi
- The Waterpark4.36.2 mi
- Gainbridge Fieldhouse4.715.5 mi
- Lucas Oil Stadium4.716 mi
- Indianapolis Zoo4.516 mi
- Indianapolis Motor Speedway4.816.2 mi
- Indiana Convention Center4.615.7 mi
- The Children's Museum of Indianapolis4.712.8 mi
- Conner Prairie4.61.4 mi
- Tuttle Orchards4.710.9 mi
- Fort Harrison State Park4.76.6 mi
- Pinheads & Alley’s Alehouse4.61.9 mi
- The Children's Museum of Indianapolis4.712.8 mi
- Newfields4.712.9 mi
- Conner Prairie4.61.4 mi
- Indianapolis Motor Speedway Museum4.816.4 mi
- Indiana State Museum4.715.6 mi
- Droplight Grand Park Sports Campus4.69.6 mi
- Newfields4.712.9 mi
- Conner Prairie4.61.4 mi
- Fort Harrison State Park4.76.6 mi
- Holliday Park4.89.9 mi
- Morse Lake Marina4.38.9 mi
- White River Yacht Club4.67.9 mi
- Indianapolis Yacht Club4.65.2 mi
- SpeedWorx Marine - Docks & Lifts4.914.5 mi
- Topgolf Fishers4.51 mi
- Chatham Hills (The Club at Chatham Hills)4.610.2 mi
- Birdies Miniature Golf Course & Sports Bar4.38.6 mi
- Purgatory Golf Club4.510.4 mi
- Pebble Brook Golf Course & Grill4.36.7 mi
- Castleton Square4.24.5 mi
- The Fashion Mall at Keystone4.45.8 mi
- Meijer4.46.9 mi
- Hamilton Town Center4.65.2 mi
- Macy's4.34.4 mi
- Indianapolis International Airport4.622.4 mi
- Flights Craft Bar & Kitchen3.920.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major recreational hub offering boating, fishing, and waterfront dining.
A vibrant district featuring local restaurants, shops, and community event spaces.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.