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Single Family ResidenceResidential
$145,104$141 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 93How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Sep 24, 2026

4840 NORWALDO AVE

INDIANAPOLIS, IN 46205
2
Beds
1
Baths
1,030 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.19 ac
Lot SizeThe size of the land the home sits on, from county records.
1940
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
3
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$145K
$134K low$156K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$722 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$90,800 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$32,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$58,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$90,800
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$90,800

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.7 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMarion
Lot (acres)The size of the land the home sits on, from county records.0.19
ConstructionThe main material the home's frame and walls are built from.Brick
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 360 ft²

Transaction History(3)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Rousseau McClellan Montessori School 91B-
Elementary · Grades PK–5 · 0.3 mi
M
Avondale Meadows Middle SchoolD
Middle · Grades 6–8 · 1.3 mi
H
Purdue Polytechnic High School Broad Ripple
High · Grades 9–12 · 1.9 mi

District: Avondale Meadows Middle School

Neighborhood · ZIP 46205These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.119
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.101
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.38

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.28%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.14%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.28,148
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,340 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$75,510
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$94,995
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.40 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

Owner Tools

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

4840 Norwaldo Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 92% of homes in Fairgrounds
  • Costs less per square foot than 85% of homes in Fairgrounds
  • Smaller than 82% of homes in Marion County
  • Has a bigger lot than 90% of homes in Fairgrounds
  • Older than 76% of homes in Marion County

What homes are worth in Indianapolis 46205

Each bar is how many homes fall in that price range. The marker is this home.

This home
$82K$941K

This home is worth more than 11% of homes in Indianapolis 46205.

How it measures up in Indianapolis 46205

The dot is this home. The mark in the middle is the typical home in Indianapolis 46205.

Estimated value$145,104
CheaperTypical $259,900Pricier

Pricier than 11% of homes nearby

Price per ft²$141
CheaperTypical $175Pricier

Pricier than 27% of homes nearby

Living area1,030 ft²
SmallerTypical 1,588 ft²Bigger

Bigger than 22% of homes nearby

Lot size0.19 ac
SmallerTypical 0.14 acBigger

Bigger than 79% of homes nearby

Year built1940
OlderTypical 1925Newer

Newer than 67% of homes nearby

How 4840 Norwaldo Ave ranks against every home in each area.
MeasureThis homeFairgroundsIndianapolis 46205Marion County
Estimated valuepricier than$145,1048% of homes11% of homes20% of homes
Price per ft²pricier than$14115% of homes27% of homes43% of homes
Living areabigger than1,030 ft²61% of homes22% of homes18% of homes
Lot sizebigger than0.19 ac90% of homes79% of homes50% of homes
Year builtnewer than194051% of homes67% of homes24% of homes

About 4840 Norwaldo Ave

How much is 4840 Norwaldo Ave, Indianapolis, IN worth?

The TopHap Estimate for 4840 Norwaldo Ave, Indianapolis, IN is $145,104 as of Sep 24, 2026. The likely range is $134,375 to $155,833. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 4840 Norwaldo Ave, Indianapolis, IN last sell?

4840 Norwaldo Ave, Indianapolis, IN last sold on Jun 23, 2017, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 4840 Norwaldo Ave, Indianapolis, IN?

4840 Norwaldo Ave, Indianapolis, IN has 2 bedrooms, 1 bathrooms, 1,030 square feet of living space and a 0.19-acre lot.

When was 4840 Norwaldo Ave, Indianapolis, IN built?

4840 Norwaldo Ave, Indianapolis, IN was built in 1940, making it 86 years old. The building has 1 story.

What schools serve 4840 Norwaldo Ave, Indianapolis, IN?

4840 Norwaldo Ave, Indianapolis, IN is assigned to Rousseau McClellan Montessori School 91 (elementary), rated B-; Avondale Meadows Middle School (middle), rated D; Purdue Polytechnic High School Broad Ripple (high). All sit in Avondale Meadows Middle School. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 4840 Norwaldo Ave, Indianapolis, IN compare to other homes in Indianapolis 46205?

Among the 10,202 homes in Indianapolis 46205, it is worth more than 11% of them ($145,104 against a typical $259,900), its price per square foot is higher than 27% of them ($141 against a typical $175), it is bigger than 22% of them (1,030 ft² against a typical 1,588 ft²), its lot is bigger than 79% of them (0.19 ac against a typical 0.14 ac) and it is newer than 67% of them (1940 against a typical 1925). Measured against all of Marion County, it is worth more than 20% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 4840 Norwaldo Ave, Indianapolis, IN?

The 2024 property tax bill for 4840 Norwaldo Ave, Indianapolis, IN was $722. The county assessed it at $90,800.

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