How big are the homes in Indianapolis?

The average property size in Indianapolis is 2093.98 sq.ft., the largest being 13549 sq.ft., and the smallest being 200 sq.ft.

Frequently Asked Questions

Are house prices dropping in Indianapolis?

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $11,590.12. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

What is the housing market like in Indianapolis at this time?

The housing market and house prices in Indianapolis are going down. The average house price is $262,593.00 and the average price per square feet is $154.69 per square foot. At the moment, there are 18657 homes listed - 2889 active, 1461 pending, and 14307 sold in Indianapolis.

What is the most popular place to buy a house in Indianapolis?

The most popular place to buy a home in Indianapolis is 4910 - Marion - Center. 4910 - Marion - Center has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Indianapolis?

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,545.13. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Indianapolis being sold?

Properties in Indianapolis stay on the market for an average of 88 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Indianapolis?

The last home listed in Indianapolis was 885 minutes ago.

Can you visit houses in Indianapolis?

Currently, there are 49 open houses available for viewing in Indianapolis.

What is the most expensive house in Indianapolis?

The cost of the most expensive home in Indianapolis is $5,400,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Indianapolis?

The cost of the cheapest home in Indianapolis is $1,000.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Indianapolis?

The oldest home in Indianapolis was built in 1848, and the newest in 2026.

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$238,900

3 Beds

2 Baths

2,028 Sq. Ft.

506 Lawrence Avenue, Indianapolis, IN, 46227

Est. Payments: $0/mo

Residential

Built in 1954

70 days on Site

0.26 Lot Size

Central Air

Forced Air, Natural Gas

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

Terrific all limestone ranch with three bedrooms, one and a half bath, full basement, attached two car garage, big side yard with access door from house, covered front porch....and for under $260,000!!! Amazing value and quality. Undated electrical panel, good storage, sump pump in basement, almost new HVAC (either 2023/2024), wood burnin...

Source: MIBOR as distributed by MLS GRID, MLS ID: 22097285

Listing provided courtesy of Alice Steppe 317-794-2827 with Real Broker, LLC

Last Updated: 4/23/2026 | 10:40 PM

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Mortgage Insurance: 0/mo

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About the Neighborhood

North Perry provides easy access to highways such as I-74, making car travel efficient for daily commuting. Numerous bus lines serve the area, and bus stops are conveniently located near most residences. Residents benefit from proximity to a well-stocked supermarket and about 30 dining options within the neighborhood. Educational institutions, including primary and high schools, are accessible nearby. The neighborhood has a calm atmosphere with quiet streets, promoting a peaceful environment. Most housing consists of single detached homes and smaller apartment buildings built around the 1960s, offering a range of two and three-bedroom options well-suited to many living preferences.

Learn more about

Indianapolis Market Report

Avg. Days on Market

Avg. Price Per Sq. Ft.

179

Median List Price

$264,999

Homes Listed

3928

Frequently Asked Questions

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Schedule a Video Tour

Find your perfect home from anywhere. Schedule a personalized video tour with our expert agents for a real-time walkthrough and answers to all your questions.

Type	Dimensions	Level
Living Room	16x20	Main
Primary Bedroom	14x11	Main
Kitchen	13x8	Main
Play Room	18x12	Main
Dining Room	9x9	Main
Bedroom 3	10x10	Main
Bedroom 2	13x10	Main