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Sarah Mitchell
Compass Real Estate · ZIP 46037
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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46037 ZIP Code Housing Market
$443,000median sale price
What is the 46037 housing market like right now?
The median home sale price in ZIP code 46037 is $443,000, down 1.6% year-over-year. Homes sell in an average of 25 days with 94 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 46037 ZIP code a buyer's or seller's market?
ZIP code 46037 is currently a balanced market and homes selling in about 25 days. How we determine this →
What are the latest 46037 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $443,000 |
| Median list price | $454,740 |
| Year-over-year price change | -1.6% |
| Average days on market | 25 days |
| Active inventory | 94 listings |
| Sale-to-list price ratio | 98.7% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 46037 zip code, located in Fishers, IN, is currently classified as a balanced market. The median sale price stands at $443,000, representing a -1.6% change year over year. Homes in this area spend an average of 25 days on the market before going under contract. There are currently 94 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 46037 sits in the Fishers, IN area, roughly 1.3 miles from downtown Fishers. Because home prices are set street by street, this ZIP can move differently from Fishers's citywide averages. The figures below reflect 46037 specifically — drawn from Redfin transactions, U.S. Census data for its 48,713 residents, and Zillow value estimates.
Homes sold
213
Last 12 weeks
Days on market
25
Average pace
Active listings
94
Sale-to-list
98.7%
Below asking
What is driving the 46037 housing market?
The 46037 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 46037 have declined -1.6% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 46037 stands at $479,589, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,966 per month. This gives a price-to-rent ratio of approximately 20.3, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 46037?
Population
48,713
Median income
$141,810/yr
Median age
38.5 years
Owner-occupied
79.7%
College grads
68.7%
Avg commute
29.4 min
What is it like living in 46037?
Zip code 46037 is home to approximately 48,713 residents. The median household income is $141,810 per year, which shapes the types of homes and amenities available in the area. With a median age of 38.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 79.7% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 68.7% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 29.4 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 46037.
Which public schools serve ZIP 46037?
9 schools tracked · 9,731 students
The largest public schools serving ZIP code 46037 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Hamilton Southeastern HS
Grades 9-12 · 3,445 students
Hamilton SE Int and Jr High Sch
Grades 5-8 · 1,278 students
Fall Creek Junior High
Grades 7-8 · 1,015 students
Fall Creek Intermediate School
Grades 5-6 · 864 students
Southeastern Elementary School
Grades PK-4 · 828 students
Brooks School Elementary
Grades PK-4 · 788 students
Lantern Road Elementary School
Grades PK-4 · 512 students
Fall Creek Elementary School
Grades PK-4 · 508 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 46037
What is the median home price in 46037?
The current median sale price in 46037 is $443,000, based on recent Redfin transaction data. Prices have changed -1.6% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 46037 a buyer's or seller's market?
The 46037 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 46037?
Zip code 46037 has a population of approximately 48,713 residents. The median household income is $141,810 per year. About 79.7% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 46037?
Properties Incorporated provides comprehensive data for 46037 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 46037 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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