The story of this market
The typical home in ZIP 46069 sells for about $320,000, or $184 per square foot.
Prices are down 5.9% from a year ago, which gives buyers more room to negotiate. Homes take about 78 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $742 a month.
ZIP 46069 — Sheridan
The 46069 housing market is currently experiencing a period of price normalization with a year-over-year decline of 5.9%. While inventory remains limited, the market is considered warm, with homes selling in a median of 78 days. Several data points, such as specific vacancy rates and tax history, were not determinable at the ZIP level.
This ZIP is well-suited for families and individuals seeking a quieter, more rural lifestyle while maintaining access to the economic opportunities of the Indianapolis metro area.
Median prices moved down 5.9% year over year.
Homes spend a median of 78 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 1.7% — 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 -0.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 46069
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Sheridan Community Schools district, which provides public education for the local population.
The area is subject to standard Midwestern weather risks, including severe thunderstorms and occasional wind events; flood risk is generally low but varies by proximity to local waterways.
The area is experiencing modest development as part of the broader Hamilton County growth corridor, though it remains more rural than neighboring Westfield.
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.
Residents typically commute via US-31 or local state roads toward employment hubs in Westfield, Carmel, and the greater Indianapolis metropolitan area.
The area features local community parks and proximity to rural outdoor spaces, with more extensive shopping and dining amenities located in nearby Westfield.
The rental market is characterized by a median asking rent of $1,575, with demand driven by those seeking a more rural setting compared to the dense suburbs of southern Hamilton County.
The local economy is supported by a mix of agricultural roots and increasing integration into the Hamilton County service and professional employment sectors.
Transportation is primarily automobile-dependent, relying on state highways for connectivity to the regional employment core.
Development is largely focused on residential expansion consistent with the growth patterns of northern Hamilton County.
The Hamilton County Assessor manages property valuations, typically conducting annual adjustments based on market sales data.
Parcels are subject to local school district levies and county-wide property tax assessments.
Property insurance premiums are influenced by regional weather patterns, with standard coverage for wind and hail being typical for the area.
Data sourced from US Census Bureau and incomebyzipcode.com
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 Indianapolis3.918.5 mi
- Smiley Ocean Themed Adventure Park4.318.4 mi
- The Waterpark4.314.4 mi
- Sky Zone Trampoline Park4.319.2 mi
- Adrenaline Family Adventure Park4.418 mi
- Droplight Grand Park Sports Campus4.67.3 mi
- Ruoff Music Center4.518.9 mi
- Topgolf Fishers4.517.8 mi
- Fishers Event Center3.818.4 mi
- Conner Prairie4.615.6 mi
- Chatham Hills (The Club at Chatham Hills)4.66.8 mi
- Morse Park & Beach4.511.3 mi
- Regal Village Park3.811.7 mi
- Coxhall Gardens4.813 mi
- Stuckey Farm Orchard & Cider Mill4.24.8 mi
- Conner Prairie4.615.6 mi
- Indianapolis Art Center4.719.1 mi
- Nickel Plate Express4.412.9 mi
- BuffaLouie's Carmel4.412.9 mi
- Historic Potter's Covered Bridge4.713.5 mi
- Droplight Grand Park Sports Campus4.67.3 mi
- Morse Park & Beach4.511.3 mi
- Coxhall Gardens4.813 mi
- Cool Creek Park Nature Center4.711 mi
- Noblesville Fields of Dreams4.511.2 mi
- Morse Lake Marina4.311.3 mi
- White River Yacht Club4.618.4 mi
- SpeedWorx Marine - Docks & Lifts4.918.7 mi
- Chatham Hills (The Club at Chatham Hills)4.66.8 mi
- Birdies Miniature Golf Course & Sports Bar4.38.5 mi
- Pebble Brook Golf Course & Grill4.310.6 mi
- Wood Wind Golf Course4.18.8 mi
- Bear Slide Golf Club4.610 mi
- Meijer4.412.7 mi
- Meijer4.48.3 mi
- Clay Terrace4.511.8 mi
- Wilson Farm Market4.75.8 mi
- Stuckey Farm Orchard & Cider Mill4.24.8 mi
- Indianapolis International Airport4.629.5 mi
- Flights Craft Bar & Kitchen3.928.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community park providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.