Homes for Sale 46204

Downtown Indianapolis — the Mile Square and near-downtown core.

46204 is the Mile Square and near-downtown core — Indianapolis's most walkable zip, home to Tarkington Tower, Mass Ave, Monument Circle, Lucas Oil Stadium, and a growing roster of loft and condo conversions.

"Downtown Indianapolis is genuinely underpriced compared to comparable city-center markets. If you want to own in the urban core, 46204 is where to look." — Cynthia
46204
Zip Code
Downtown Indianapolis, IN
97
Walk Score
Walker's Paradise
$350K+
Median Condo
Urban core market
Live listings

Homes for Sale in 46204

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Local favorites

Three 46204 places we send clients to first

Local Restaurant

A neighborhood favorite that regulars return to week after week.

★★★★★5.0 View on Google Maps

Community Park

Green space and recreational facilities serving this zip code.

★★★★★5.0 View on Google Maps

Coffee Shop

The go-to morning spot for residents of this area.

★★★★★4.0 View on Google Maps

Why 46204?

46204 is Indianapolis's urban core — the Mile Square and its immediate surrounding blocks. The Center for the Performing Arts, Mass Ave restaurants, Lucas Oil Stadium, Gainbridge Fieldhouse, and Monument Circle are all walkable from most 46204 addresses.

The housing stock in 46204 is primarily condominiums — from older converted buildings to purpose-built towers like Tarkington Tower. The inventory is limited and turns over slowly, particularly at the premium end. Buyers in this zip code benefit from a broker who knows the building-by-building landscape.

Downtown Indianapolis is genuinely competitive with other Midwestern city centers on price while offering more walkable amenities than most. For urban buyers considering Nashville, Columbus, or Kansas City, Indianapolis offers comparable culture and livability at a lower price point.

Frequently asked

About 46204

01 What neighborhoods are in 46204? +

46204 covers the Mile Square (downtown Indianapolis proper), near parts of the Cultural District, Mass Ave, and the areas immediately surrounding Monument Circle.

02 What are homes like in 46204? +

Primarily condominiums — from 1-bedroom executive units to penthouse configurations. A limited number of historic rowhouses and townhomes also exist. True single-family homes are rare.

03 What's the Walk Score in 46204? +

46204 has a Walk Score of 97 — Walker's Paradise. The Center for the Performing Arts, Mass Ave, and Monument Circle are all walkable from most addresses.

04 What are condo prices in 46204? +

Entry-level 1-bedroom condos start around $250K. Two-bedroom units typically run $350K–$600K. Premium buildings and penthouse units can exceed $1M.

05 What schools serve 46204? +

Indianapolis Public Schools serves 46204, including several IPS magnet schools and the IPS Downtown elementary option. Most 46204 residents without school-age children consider this a secondary factor.