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Single Family ResidenceResidential
$95,241$117 / 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 77How 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

502 S GERRARD DR

INDIANAPOLIS, IN 46241
2
Beds
0
Baths
816 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.
0.44 ac
Lot SizeThe size of the land the home sits on, from county records.
1949
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.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$95K
$73K low$117K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$244 (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.$98,200 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$15,500
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$82,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$98,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$98,200

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.0.44
ConstructionThe main material the home's frame and walls are built from.Wood (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.Above-Ground Pool
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 124 ft²Shed · 64 ft²

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

E
Rhoades Elementary SchoolD-
Elementary · Grades KG–6 · 0.2 mi
M
Lynhurst 7th & 8th Grade CenterD
Middle · Grades 7–8 · 2.3 mi
H
Ben Davis High School
High · Grades 10–12 · 2.9 mi

District: Wayne Township Metropolitan School District

Neighborhood · ZIP 46241These 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.85
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.105
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.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.10%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.17%
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.33,896
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,461 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$51,225
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$60,448
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

502 S Gerrard 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 less than 94% of homes in Marion County
  • Costs less per square foot than 79% of homes in Marion County
  • Smaller than 94% of homes in Marion County
  • Has a bigger lot than 91% of homes in Indianapolis 46241
  • Older than 71% of homes in Marion County

What homes are worth in Indianapolis 46241

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

This home
$59K$266K

This home is worth more than 13% of homes in Indianapolis 46241.

How it measures up in Indianapolis 46241

The dot is this home. The mark in the middle is the typical home in Indianapolis 46241.

Estimated value$95,241
CheaperTypical $144,163Pricier

Pricier than 13% of homes nearby

Price per ft²$117
CheaperTypical $129Pricier

Pricier than 35% of homes nearby

Living area816 ft²
SmallerTypical 1,140 ft²Bigger

Bigger than 14% of homes nearby

Lot size0.44 ac
SmallerTypical 0.19 acBigger

Bigger than 91% of homes nearby

Year built1949
OlderTypical 1950Newer

Newer than 49% of homes nearby

How 502 S Gerrard Dr ranks against every home in each area.
MeasureThis homeGarden CityIndianapolis 46241Marion County
Estimated valuepricier than$95,24113% of homes13% of homes6% of homes
Price per ft²pricier than$11737% of homes35% of homes21% of homes
Living areabigger than816 ft²14% of homes14% of homes6% of homes
Lot sizebigger than0.44 ac88% of homes91% of homes85% of homes
Year builtnewer than194952% of homes49% of homes29% of homes

About 502 S Gerrard Dr

How much is 502 S Gerrard Dr, Indianapolis, IN worth?

The TopHap Estimate for 502 S Gerrard Dr, Indianapolis, IN is $95,241 as of Sep 24, 2026. The likely range is $72,988 to $117,494. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 502 S Gerrard Dr, Indianapolis, IN?

502 S Gerrard Dr, Indianapolis, IN has 2 bedrooms, 816 square feet of living space and a 0.44-acre lot.

When was 502 S Gerrard Dr, Indianapolis, IN built?

502 S Gerrard Dr, Indianapolis, IN was built in 1949, making it 77 years old. The building has 1 story.

What schools serve 502 S Gerrard Dr, Indianapolis, IN?

502 S Gerrard Dr, Indianapolis, IN is assigned to Rhoades Elementary School (elementary), rated D-; Lynhurst 7th & 8th Grade Center (middle), rated D; Ben Davis High School (high). All sit in Wayne Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 502 S Gerrard Dr, Indianapolis, IN compare to other homes in Indianapolis 46241?

Among the 9,912 homes in Indianapolis 46241, it is worth more than 13% of them ($95,241 against a typical $144,163), its price per square foot is higher than 35% of them ($117 against a typical $129), it is bigger than 14% of them (816 ft² against a typical 1,140 ft²), its lot is bigger than 91% of them (0.44 ac against a typical 0.19 ac) and it is newer than 49% of them (1949 against a typical 1950). Measured against all of Marion County, it is worth more than 6% 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 502 S Gerrard Dr, Indianapolis, IN?

The 2024 property tax bill for 502 S Gerrard Dr, Indianapolis, IN was $244. The county assessed it at $98,200.

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