The story of this market
The typical home in ZIP 46162 sells for about $340,000, or $160 per square foot.
Prices are roughly flat from a year ago (-0.06%), a market in balance. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 46162 — Needham
The housing market in 46162 remains stable with a median sale price of $340,000 and a balanced inventory. While year-over-year price growth is flat, the area continues to see strong demand from commuters and families, supported by a robust local logistics economy. Market conditions are currently characterized by competitive bidding on well-priced homes.
This ZIP is ideal for families and commuters seeking suburban living with convenient access to Indianapolis employment centers and modern amenities.
Median prices moved down 0.1% year over year.
Homes spend a median of 27 days on market with 2.0 months of supply — a fast-moving market.
47% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 0.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 46162, Hendricks County IN
The area is served by the Plainfield Community School Corporation, which generally maintains strong academic performance ratings within the region.
The area benefits from proximity to the Indianapolis International Airport and major logistics hubs, driving consistent residential and commercial development.
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 to Indianapolis via I-70, with typical drive times ranging from 20 to 30 minutes depending on traffic.
The area features the Hummel Park system, several local golf courses, and proximity to the Metropolis shopping district.
The rental market is characterized by steady demand driven by logistics sector employment, with moderate vacancy pressure.
The economy is heavily anchored by the logistics, distribution, and aviation sectors due to proximity to the Indianapolis International Airport.
The area is served by I-70 and US-40, providing primary transit corridors to the Indianapolis metro area.
Ongoing residential subdivisions and commercial logistics park expansions are the primary drivers of the local development pipeline.
Hendricks County Assessor manages property valuations based on annual market adjustments.
Parcels are subject to Plainfield Community School Corporation taxes and local municipal service districts.
Standard Midwestern property insurance market with typical coverage requirements for wind and storm hazards.
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.
Large community park with trails and sports facilities.
Major open-air retail and dining destination.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).