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Sarah Mitchell
Compass Real Estate · ZIP 46055
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46055 ZIP Code Housing Market
$415,000median sale price
What is the 46055 housing market like right now?
The median home sale price in ZIP code 46055 is $415,000, up 1.9% year-over-year. Homes sell in an average of 61 days with 99 active listings. The market is currently a leaning buyer's. (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 46055 ZIP code a buyer's or seller's market?
ZIP code 46055 is currently a leaning buyer's and homes selling in about 61 days. How we determine this →
What are the latest 46055 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $415,000 |
| Median list price | $427,450 |
| Year-over-year price change | +1.9% |
| Average days on market | 61 days |
| Active inventory | 99 listings |
| Sale-to-list price ratio | 98.8% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 46055 zip code, located in McCordsville, IN, is currently classified as a leaning buyer's. The median sale price stands at $415,000, representing a +1.9% change year over year. Homes in this area spend an average of 61 days on the market before going under contract. There are currently 99 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 46055 sits in the McCordsville, IN area, roughly 1 miles from downtown McCordsville. Because home prices are set street by street, this ZIP can move differently from McCordsville's citywide averages. The figures below reflect 46055 specifically — drawn from Redfin transactions, U.S. Census data for its 16,010 residents, and Zillow value estimates.
Homes sold
139
Last 12 weeks
Days on market
61
Average pace
Active listings
99
Sale-to-list
98.8%
Below asking
What is driving the 46055 housing market?
The 46055 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 98.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 46055 have increased +1.9% compared to last year, suggesting continued demand and potential for further appreciation. 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 46055 stands at $405,158, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $2,193 per month. This gives a price-to-rent ratio of approximately 15.4, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 46055?
Population
16,010
Median income
$113,784/yr
Median age
38.4 years
Owner-occupied
82.3%
College grads
55.1%
Avg commute
35.65 min
What is it like living in 46055?
Zip code 46055 is home to approximately 16,010 residents. The median household income is $113,784 per year, which shapes the types of homes and amenities available in the area. With a median age of 38.4 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 82.3% 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 55.1% 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 35.65 minutes, which is above the national average and may reflect a suburban or exurban setting where residents trade commute time for more affordable housing or larger lots. 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 46055.
Which public schools serve ZIP 46055?
2 schools tracked · 959 students
The largest public schools serving ZIP code 46055 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.
McCordsville Elementary School
Grades K-5 · 686 students
Geist Montessori Academy
Grades K-8 · 273 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 46055
What is the median home price in 46055?
The current median sale price in 46055 is $415,000, based on recent Redfin transaction data. Prices have changed +1.9% 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 46055 a buyer's or seller's market?
The 46055 zip code is currently classified as a leaning buyer's. 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 46055?
Zip code 46055 has a population of approximately 16,010 residents. The median household income is $113,784 per year. About 82.3% 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 46055?
Properties Incorporated provides comprehensive data for 46055 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 46055 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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