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Single Family ResidenceResidential
$240,022$139 / 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

506 MONROE ST

INDIANAPOLIS, IN 46229
1
Baths
1,726 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.
0.4 ac
Lot SizeThe size of the land the home sits on, from county records.
1996
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$240K
$222K low$258K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,774 (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.$241,200 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$24,200
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$217,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$241,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$241,200

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.0.40
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)
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
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
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 120 ft²

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
Eastridge Elementary SchoolD
Elementary · Grades KG–4 · 0.3 mi
H
Warren Central High School
High · Grades 9–12 · 1.8 mi
M
Creston Intermediate and Middle SchoolD-
Middle · Grades 5–8 · 1.9 mi

District: Warren Township Metropolitan School District

Neighborhood · ZIP 46229These 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.63
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.113
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.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.17%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.9.2%
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.29,549
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,671 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$66,387
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$91,318
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.41 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

506 Monroe St 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 94% of homes in Cumberland
  • Bigger than 72% of homes in Cumberland
  • Has a bigger lot than 85% of homes in Cumberland
  • Among the newest homes in Cumberland

What homes are worth in Indianapolis 46229

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

This home
$95K$395K

This home is worth more than 68% of homes in Indianapolis 46229.

How it measures up in Indianapolis 46229

The dot is this home. The mark in the middle is the typical home in Indianapolis 46229.

Estimated value$240,022
CheaperTypical $213,753Pricier

Pricier than 68% of homes nearby

Price per ft²$139
CheaperTypical $132Pricier

Pricier than 59% of homes nearby

Living area1,726 ft²
SmallerTypical 1,634 ft²Bigger

Bigger than 56% of homes nearby

Lot size0.4 ac
SmallerTypical 0.22 acBigger

Bigger than 84% of homes nearby

Year built1996
OlderTypical 1987Newer

Newer than 68% of homes nearby

How 506 Monroe St ranks against every home in each area.
MeasureThis homeCumberlandIndianapolis 46229Marion County
Estimated valuepricier than$240,02294% of homes68% of homes55% of homes
Price per ft²pricier than$13956% of homes59% of homes42% of homes
Living areabigger than1,726 ft²72% of homes56% of homes62% of homes
Lot sizebigger than0.4 ac85% of homes84% of homes81% of homes
Year builtnewer than1996almost all homes68% of homes80% of homes

About 506 Monroe St

How much is 506 Monroe St, Indianapolis, IN worth?

The TopHap Estimate for 506 Monroe St, Indianapolis, IN is $240,022 as of Sep 24, 2026. The likely range is $222,058 to $257,986. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 506 Monroe St, Indianapolis, IN last sell?

506 Monroe St, Indianapolis, IN last sold on Mar 26, 2013, according to the county's recorded deed.

How big is 506 Monroe St, Indianapolis, IN?

506 Monroe St, Indianapolis, IN has 1 bathrooms, 1,726 square feet of living space and a 0.40-acre lot.

When was 506 Monroe St, Indianapolis, IN built?

506 Monroe St, Indianapolis, IN was built in 1996, making it 30 years old. The building has 1 story.

What schools serve 506 Monroe St, Indianapolis, IN?

506 Monroe St, Indianapolis, IN is assigned to Eastridge Elementary School (elementary), rated D; Warren Central High School (high); Creston Intermediate and Middle School (middle), rated D-. All sit in Warren Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 506 Monroe St, Indianapolis, IN compare to other homes in Indianapolis 46229?

Among the 8,836 homes in Indianapolis 46229, it is worth more than 68% of them ($240,022 against a typical $213,753), its price per square foot is higher than 59% of them ($139 against a typical $132), it is bigger than 56% of them (1,726 ft² against a typical 1,634 ft²), its lot is bigger than 84% of them (0.4 ac against a typical 0.22 ac) and it is newer than 68% of them (1996 against a typical 1987). Measured against all of Marion County, it is worth more than 55% 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 506 Monroe St, Indianapolis, IN?

The 2024 property tax bill for 506 Monroe St, Indianapolis, IN was $2,774. The county assessed it at $241,200.

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Assigned schools

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