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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Zionsville, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Zionsville, IN Housing Market Trends

With a population of 31,982, 11,271 total housing units (homes and apartments), and a median house value of $521,856, Zionsville house prices are not only among the most expensive in Indiana, Zionsville real estate also is some of the most expensive in all of America.

Zionsville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Zionsville than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Zionsville. Owner-occupied housing accounts for 84.65% of Zionsville's homes, and 62.12% have either three or four bedrooms, which is average sized relative to America.

Zionsville homes and real estate are some of the newest in America. 44.99% of Zionsville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Zionsville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.84%), and between 1940-1969 ( 9.70%). There's also some housing in Zionsville built before 1939 ( 3.46%).

Zionsville Home Appreciation Rates

Real estate appreciation rates in Zionsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.60% during the period.

Over the last year, Zionsville appreciation rates have trailed the rest of the nation. In the last twelve months, Zionsville's appreciation rate has been 4.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Zionsville were at -0.53%, which equates to an annual appreciation rate of -2.11%.

Relative to Indiana, our data show that Zionsville's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$521,856

Zionsville, IN Home Prices
> $1,249,000
$937,001 - $1,249,000
$625,001 - $937,000
$500,001 - $625,000
$375,001 - $500,000
$250,001 - $375,000
$125,001 - $250,000
$62,001 - $125,000
$0 - $62,000
5.6%
5.6%
7.4%
7.4%
29.3%
29.3%
15.7%
15.7%
19.5%
19.5%
17.2%
17.2%
4.1%
4.1%
0.3%
0.3%
0.9%
0.9%
0% 100.0%
% of Homes
Very High

for Indiana

Very High

for nation

Number of Homes And Apartments:

11,271

Zionsville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,278 / per month

Homeownership Rate

Owners
Renters
84.7%
84.7%
15.3%
15.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.9%
2.9%
97.1%
97.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
45.0%
45.0%
41.8%
41.8%
9.7%
9.7%
3.5%
3.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
83.2%
83.2%
5.3%
5.3%
1.4%
1.4%
9.7%
9.7%
0.4%
0.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
4.4%
4.4%
11.3%
11.3%
25.1%
25.1%
37.0%
37.0%
21.0%
21.0%
0% 100.0%
% of Homes