The story of this market
The typical home in ZIP 46121 sells for about $275,700, or $224 per square foot.
Prices are up +5.02% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 46121 — Coatesville
The 46121 housing market is characterized by low inventory and steady demand from commuters seeking rural living. Prices have seen moderate year-over-year growth, though the market remains highly sensitive to interest rate fluctuations. Figures for specific tax history and detailed permit activity are not currently published at the ZIP level.
This ZIP is best suited for family buyers and commuters seeking a rural lifestyle with more space than the inner suburbs, while still maintaining access to Indianapolis.
Median prices moved up 5.0% year over year.
Homes spend a median of 34 days on market with 1.0 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.3% · poverty 8.2% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 46121, Indiana
Crime data for this rural area is not determinable at the ZIP level, though it generally tracks with low-density Hendricks and Putnam County trends.
Schools serving the area are primarily part of the Mill Creek Community School Corporation and Putnam County school districts, generally characterized as rural community-focused institutions.
The area is subject to standard Midwestern weather risks including severe thunderstorms and occasional wind events; flood risk is localized to specific low-lying areas near creeks.
Growth is driven by residential expansion from the Indianapolis metro area, with infrastructure development focused on maintaining rural character while supporting commuter access.
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.
Commuters primarily drive to the Indianapolis employment core via US-36 or I-70, with typical commute times ranging from 35 to 50 minutes.
The area features access to Heritage Lake for water recreation and various rural parks and trails, with limited shopping and dining options within the immediate 3-mile radius.
The rental market is limited, consisting primarily of single-family homes with low vacancy pressure and minimal short-term rental activity.
The local economy is largely agricultural and residential, with most residents commuting to the broader Indianapolis metropolitan area for employment.
Transportation is entirely auto-dependent, relying on state highways and county roads to connect to the regional interstate network.
Development is primarily focused on low-density residential subdivisions, particularly around the Heritage Lake area.
Parcels are served by local school corporations and county-level utility and emergency service districts.
Property insurance premiums are consistent with rural Indiana averages, reflecting standard hazard exposure.
Data retrieved from data.census.gov ZCTA 46121 profile.
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 Park4.519.7 mi
- Splash Island4.214.3 mi
- Urban Air Trampoline and Adventure Park4.417.4 mi
- Sky Zone Plainfield Trampoline Park4.318.3 mi
- Chuck E. Cheese4.118.2 mi
- Lucas Oil Indianapolis Raceway Park4.719.3 mi
- Slick City Action Park4.519.7 mi
- Hendricks County Fairgrounds4.611 mi
- Beasley's Orchard4.711.5 mi
- Hendricks Regional Health YMCA4.517.1 mi
- Beasley's Orchard4.711.5 mi
- McCloud Nature Park4.98.3 mi
- W.S. Gibbs Memorial Park4.712.4 mi
- Ellis Park4.79.6 mi
- DePauw Nature Park4.811.9 mi
- Who North America4.918.6 mi
- McCloud Nature Park4.98.3 mi
- W.S. Gibbs Memorial Park4.712.4 mi
- Ellis Park4.79.6 mi
- DePauw Nature Park4.811.9 mi
- Robe Ann Park4.510.3 mi
- Heritage Lake Marina4.82.5 mi
- Twin Bridges Golf Club4.19.2 mi
- Deer Creek Golf Club4.511 mi
- Oak Tree Golf Course3.912.7 mi
- Beasley's Orchard4.711.5 mi
- Trader Buck’s Flea Market410.5 mi
- Dollar General4.25.5 mi
- Indianapolis International Airport4.620.2 mi
- Flights Craft Bar & Kitchen3.922.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A private residential community and lake offering boating, fishing, and swimming.
Key-figure check: median price diverges 44.2% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $397,425 (44.2% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $397,425 (+44.2% vs the published ten-year series (2025)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.