The story of this market
The typical home in ZIP 46064 sells for about $329,000, or $185 per square foot.
Prices are down 8.1% from a year ago, which gives buyers more room to negotiate. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $1,570 a month.
ZIP 46064 — Pendleton
The housing market in 46064 shows signs of stabilization with a median sale price of $329,000, reflecting a slight year-over-year adjustment. Demand remains steady, supported by the area's appeal to commuters and families, though inventory levels are currently balanced. The market is driven by local growth and proximity to the Indianapolis metro area.
This ZIP is ideal for families and commuters seeking a suburban lifestyle with access to quality schools and a small-town atmosphere while remaining within reach of Indianapolis.
Median prices moved down 8.1% year over year.
Homes spend a median of 46 days on market with 4.2 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 5.2% — 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 9.0%/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 5.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 46064, Madison County IN
Pendleton generally reports lower crime rates compared to the broader Indianapolis metropolitan area, with property crime being the primary concern.
The area is served by the South Madison Community School Corporation, which is generally regarded as a high-performing district within the region.
The region faces standard Midwestern climate risks, including severe thunderstorms and occasional wind events; flood risk is localized to specific low-lying areas near Fall Creek.
Pendleton is experiencing steady residential growth as a suburban extension of the Indianapolis metro, supported by its proximity to I-69 and local industrial 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 primarily utilize I-69 for access to the Indianapolis employment core, with average commute times significantly impacted by regional traffic patterns.
The area features Falls Park, which offers trails, historic landmarks, and community events, alongside proximity to local golf courses and regional shopping centers.
The rental market is characterized by limited inventory and rising demand, with rents trending upward as the area attracts more commuters.
The local economy is supported by a mix of manufacturing, logistics, and service-sector employers, with many residents commuting to Indianapolis for professional roles.
Transportation is heavily reliant on private vehicles, with I-69 serving as the primary artery for regional connectivity.
Development is focused on expanding residential subdivisions and improving local infrastructure to accommodate population growth.
The Madison County Assessor manages property valuations using a mass appraisal system based on annual market adjustments.
Parcels are subject to South Madison Community School Corporation taxes and local municipal service districts.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in Central Indiana.
Data retrieved from U.S. Census Bureau ACS 5-year estimates for ZCTA 46064.
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. Source: NCES EDGE public school locations 2023-24.
A central community hub featuring waterfalls, walking trails, and historic structures.
A local recreational facility serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.