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Single Family ResidenceResidential
$231,097$164 / 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

5001 FALCON GROVE DR

INDIANAPOLIS, IN 46254
3
Beds
1
Baths
1,406 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.
0.22 ac
Lot SizeThe size of the land the home sits on, from county records.
1992
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$231K
$215K low$247K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,494 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$284,400 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$42,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$242,400
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$228,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$284,400

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.0.22
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.No Foundation
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(1)

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
Deer Run Elementary SchoolD-
Elementary · Grades KG–5 · 0.5 mi
M
Guion Creek Middle SchoolD-
Middle · Grades 6–8 · 1.7 mi
H
Pike High School
High · Grades 9–12 · 2.4 mi

District: Pike Township Metropolitan School District

Neighborhood · ZIP 46254These 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.104
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.109
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.37

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.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.22%
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.1.3%
PopulationHow many people live in this area.40,937
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,930 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$61,996
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$80,830
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%

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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

5001 Falcon Grove Dr 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 more than 78% of homes in Northwest High School
  • Costs more per square foot than 80% of homes in Northwest High School
  • Has a bigger lot than 76% of homes in Northwest High School
  • Newer than 79% of homes in Northwest High School

What homes are worth in Indianapolis 46254

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

This home
$86K$471K

This home is worth more than 61% of homes in Indianapolis 46254.

How it measures up in Indianapolis 46254

The dot is this home. The mark in the middle is the typical home in Indianapolis 46254.

Estimated value$231,097
CheaperTypical $217,825Pricier

Pricier than 61% of homes nearby

Price per ft²$164
CheaperTypical $146Pricier

Pricier than 74% of homes nearby

Living area1,406 ft²
SmallerTypical 1,452 ft²Bigger

Bigger than 46% of homes nearby

Lot size0.22 ac
SmallerTypical 0.16 acBigger

Bigger than 72% of homes nearby

Year built1992
OlderTypical 1990Newer

Newer than 60% of homes nearby

How 5001 Falcon Grove Dr ranks against every home in each area.
MeasureThis homeNorthwest High SchoolIndianapolis 46254Marion County
Estimated valuepricier than$231,09778% of homes61% of homes51% of homes
Price per ft²pricier than$16480% of homes74% of homes66% of homes
Living areabigger than1,406 ft²56% of homes46% of homes44% of homes
Lot sizebigger than0.22 ac76% of homes72% of homes56% of homes
Year builtnewer than199279% of homes60% of homes76% of homes

About 5001 Falcon Grove Dr

How much is 5001 Falcon Grove Dr, Indianapolis, IN worth?

The TopHap Estimate for 5001 Falcon Grove Dr, Indianapolis, IN is $231,097 as of Sep 24, 2026. The likely range is $215,112 to $247,082. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5001 Falcon Grove Dr, Indianapolis, IN last sell?

5001 Falcon Grove Dr, Indianapolis, IN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 5001 Falcon Grove Dr, Indianapolis, IN?

5001 Falcon Grove Dr, Indianapolis, IN has 3 bedrooms, 1 bathrooms, 1,406 square feet of living space and a 0.22-acre lot.

When was 5001 Falcon Grove Dr, Indianapolis, IN built?

5001 Falcon Grove Dr, Indianapolis, IN was built in 1992, making it 34 years old. The building has 1 story.

What schools serve 5001 Falcon Grove Dr, Indianapolis, IN?

5001 Falcon Grove Dr, Indianapolis, IN is assigned to Deer Run Elementary School (elementary), rated D-; Guion Creek Middle School (middle), rated D-; Pike High School (high). All sit in Pike Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5001 Falcon Grove Dr, Indianapolis, IN compare to other homes in Indianapolis 46254?

Among the 9,885 homes in Indianapolis 46254, it is worth more than 61% of them ($231,097 against a typical $217,825), its price per square foot is higher than 74% of them ($164 against a typical $146), it is bigger than 46% of them (1,406 ft² against a typical 1,452 ft²), its lot is bigger than 72% of them (0.22 ac against a typical 0.16 ac) and it is newer than 60% of them (1992 against a typical 1990). Measured against all of Marion County, it is worth more than 51% 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 5001 Falcon Grove Dr, Indianapolis, IN?

The 2025 property tax bill for 5001 Falcon Grove Dr, Indianapolis, IN was $2,494. The county assessed it at $284,400.

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