46038 — Hamilton County, Indiana Market Snapshot
Housing market data for zip code 46038 in Hamilton County, Indiana. Updated monthly with median prices, days on market, and more.
Market Sales Data
14 sales in 2026 (year to date)
Median Sale Price
$278,700
Days to Sell
34
Homes Sold
14
Inventory
11
Sale-to-List
98.8%
New Listings
26
Price/SqFt
$160
Pending Sales
23
Conforming Loan Available
Most homebuyers in 46038 can comfortably use conventional financing. The median home price of $278,700 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
46038's market is balanced with homes taking an average of 34 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 46038 (98.8% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 46038 can comfortably use conventional financing. The median home price of $278,700 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 46038 are set at the county level.
2026 Loan Limits — Hamilton County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 46038
To purchase the median home at $278,700 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,285.
Monthly Payment
$2,285
Income Required
$97,942
Principal & Interest
$1,717/mo
Down Payment (5%)
$13,935
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 46038.
Estimated Monthly Payment
$1,875
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