ZIP Code Market Report · Updated May 2026
Is 46201 a Buyer's
or Seller's Market?
📍 Indianapolis, Indiana · IN
68
🟡 WARM
Balanced market
27 days avg on market · Tax rate: 0.85%/yr
Mortgage Breakdown — 46201
Median Price$285,000
20% Down$57,000
Loan Amount$228,000
Rate (~6.7%)$1,471/mo P&I
Property Tax$201/mo
Total PITI$1,790/mo
Income Needed$59,666/yr
Educational purposes only. Market data is estimated. Not financial advice. Always verify with a licensed professional.
The other half of the answer
Prices tell you what a house costs here. They do not tell you whether a lender will approve the loan — and that varies more than almost anyone realises.
23.6%
of FHA applications denied in Indianapolis-Carmel-Anderson, IN, 2025 · national 22.1%
VANDERBILT MORTGAGE AND FINANCE, INC
4.0% FREEDOM MORTGAGE CORPORATION
16.9% United Wholesale Mortgage
21.9% Lennar Mortgage, LLC
33.9% A 29.9-point spread between the busiest FHA lenders in this metro.
Loans under $150K denied at 37.8% versus 20.5% above $250K.
CFPB HMDA 2025, computed by FinanceRateCalc. Covers the highest-volume lenders published for this market, not all lenders. Rates reflect applicant mix as well as lender practice — historical observations, not predictions. CC BY 4.0, not independently reproduced.
The Denial Dispatch
One finding a week from the federal mortgage record.
One chart, three paragraphs, every Saturday. Measured, not assumed.
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