The story of this market
The typical home in ZIP 46034 sells for about $344,398, or $168 per square foot.
Prices are down 18% from a year ago, which gives buyers more room to negotiate. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $747 a month.
ZIP 46034 — Cicero
The 46034 housing market shows signs of stabilization following a period of price correction, with inventory remaining tight. While year-over-year prices have dipped, the area maintains strong appeal for buyers seeking waterfront access and suburban value compared to the more expensive southern Hamilton County markets.
This ZIP is well-suited for families and outdoor enthusiasts who prioritize waterfront access and a quieter, small-town atmosphere while remaining within commuting distance of larger Hamilton County job centers.
Median prices moved down 18.0% year over year.
Homes spend a median of 34 days on market with 2.6 months of supply — a fast-moving market.
19% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.6% · poverty 9.2% — 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 7.8%/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 6.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 46034, Hamilton County IN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Schools serving the Cicero area are generally rated as average, with local community support for the Hamilton Heights School Corporation.
The area is subject to standard Midwestern weather risks, including seasonal severe thunderstorms and occasional flooding near Morse Reservoir.
Economic momentum is driven by proximity to the broader Hamilton County employment corridor, though the immediate ZIP remains largely residential with limited large-scale 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.
Commuters typically drive toward the Noblesville and Carmel employment hubs, with average commute times reflecting a suburban-to-urban transit pattern.
The area is anchored by Morse Reservoir, offering significant boating, fishing, and waterfront recreation, alongside local parks and community trails.
The rental market is characterized by moderate turnover and steady demand, with limited new multi-family inventory compared to the southern parts of the county.
The local economy is primarily supported by small businesses, agriculture, and the service sector, with many residents commuting to larger employers in Noblesville and Indianapolis.
Development is primarily focused on low-density residential expansion and infrastructure maintenance around the reservoir.
Parcels are subject to Hamilton Heights School Corporation taxes and local municipal utility districts.
Standard property insurance market with typical coverage for wind and storm damage.
Data retrieved from US Census Bureau ZCTA profile for 46034.
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.
- Dave & Buster's Indianapolis3.915.3 mi
- Smiley Ocean Themed Adventure Park4.315.1 mi
- The Waterpark4.313.3 mi
- Sky Zone Trampoline Park4.315.2 mi
- Adrenaline Family Adventure Park4.411.5 mi
- Droplight Grand Park Sports Campus4.67.3 mi
- Ruoff Music Center4.510.4 mi
- Topgolf Fishers4.512 mi
- Fishers Event Center3.812.7 mi
- Conner Prairie4.610 mi
- Conner Prairie4.610 mi
- Pinheads & Alley’s Alehouse4.69.9 mi
- Emagine Noblesville4.611.2 mi
- Flix Brewhouse4.412.3 mi
- Adrenaline Family Adventure Park4.411.5 mi
- Conner Prairie4.610 mi
- Indianapolis Art Center4.718.2 mi
- Nickel Plate Express4.45.1 mi
- BuffaLouie's Carmel4.411.4 mi
- The Escape Room Fishers4.912 mi
- Droplight Grand Park Sports Campus4.67.3 mi
- Conner Prairie4.610 mi
- Morse Park & Beach4.53.7 mi
- Meadowlark Park4.611.2 mi
- Cool Creek Park Nature Center4.79.3 mi
- Morse Lake Marina4.32.5 mi
- White River Yacht Club4.617.2 mi
- Indianapolis Yacht Club4.614.9 mi
- SpeedWorx Marine - Docks & Lifts4.98.5 mi
- Morse Reservoir4.81.7 mi
- Topgolf Fishers4.512 mi
- Chatham Hills (The Club at Chatham Hills)4.66 mi
- Birdies Miniature Golf Course & Sports Bar4.38.1 mi
- Purgatory Golf Club4.55.4 mi
- Pebble Brook Golf Course & Grill4.35.8 mi
- Meijer4.412.2 mi
- Hamilton Town Center4.611.1 mi
- Meijer4.47 mi
- Meijer4.48.8 mi
- Clay Terrace4.510.3 mi
- Flights Craft Bar & Kitchen3.929.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
A major regional attraction for boating, fishing, and water sports.
Features community pool, trails, and picnic areas.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.