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Single Family ResidenceResidential
$212,567$157 / 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 Aug 30, 2026
Last sold for $149,900 on Jan 4, 2018

508 WALLACE AVE

INDIANAPOLIS, IN 46201
3
Beds
1
Baths
1,352 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.
0.1 ac
Lot SizeThe size of the land the home sits on, from county records.
1920
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
8
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

$213K
$197K low$228K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$149,900 · Jan 4, 2018

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,231 (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.$207,400 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$11,800
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$195,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$190,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$207,400

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.42
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
78
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
89
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
42
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

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
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2010
Lot (acres)The size of the land the home sits on, from county records.0.10
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
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
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

Transaction History(6)

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
Ralph Waldo Emerson School 58D+
Elementary · Grades KG–5 · 0.2 mi
M
Thomas Carr Howe Middle School
Middle · Grades 6–8 · 0.5 mi
H
Purdue Polytechnic High School EnglewoodD-
High · Grades 9–12 · 1.3 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46201These 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.157
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.106
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.35

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.83%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.25%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.30,849
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,535 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$46,392
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$60,958
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

508 Wallace 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 more than 75% of homes in Indianapolis 46201
  • Costs more per square foot than 70% of homes in Indianapolis 46201
  • Has a smaller lot than 89% of homes in Marion County
  • Older than 87% of homes in Marion County

What homes are worth in Indianapolis 46201

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

This home
$72K$469K

This home is worth more than 75% of homes in Indianapolis 46201.

How it measures up in Indianapolis 46201

The dot is this home. The mark in the middle is the typical home in Indianapolis 46201.

Estimated value$212,567
CheaperTypical $162,350Pricier

Pricier than 75% of homes nearby

Price per ft²$157
CheaperTypical $127Pricier

Pricier than 70% of homes nearby

Living area1,352 ft²
SmallerTypical 1,232 ft²Bigger

Bigger than 58% of homes nearby

Lot size0.1 ac
SmallerTypical 0.12 acBigger

Bigger than 22% of homes nearby

Year built1920
OlderTypical 1920Newer

Newer than 51% of homes nearby

How 508 Wallace Ave ranks against every home in each area.
MeasureThis homeIndianapolis 46201Marion County
Estimated valuepricier than$212,56775% of homes43% of homes
Price per ft²pricier than$15770% of homes59% of homes
Living areabigger than1,352 ft²58% of homes40% of homes
Lot sizebigger than0.1 ac22% of homes11% of homes
Year builtnewer than192051% of homes13% of homes

About 508 Wallace Ave

How much is 508 Wallace Ave, Indianapolis, IN worth?

The TopHap Estimate for 508 Wallace Ave, Indianapolis, IN is $212,567 as of Aug 30, 2026. The likely range is $196,652 to $228,482. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 508 Wallace Ave, Indianapolis, IN last sell?

508 Wallace Ave, Indianapolis, IN last sold on Jan 4, 2018 for $149,900, according to the county's recorded deed.

How big is 508 Wallace Ave, Indianapolis, IN?

508 Wallace Ave, Indianapolis, IN has 3 bedrooms, 1 bathrooms, 1,352 square feet of living space and a 0.10-acre lot.

When was 508 Wallace Ave, Indianapolis, IN built?

508 Wallace Ave, Indianapolis, IN was built in 1920, making it 106 years old. The building has 1 story.

What schools serve 508 Wallace Ave, Indianapolis, IN?

508 Wallace Ave, Indianapolis, IN is assigned to Ralph Waldo Emerson School 58 (elementary), rated D+; Thomas Carr Howe Middle School (middle); Purdue Polytechnic High School Englewood (high), rated D-. All sit in Indianapolis Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 508 Wallace Ave, Indianapolis, IN compare to other homes in Indianapolis 46201?

Among the 13,804 homes in Indianapolis 46201, it is worth more than 75% of them ($212,567 against a typical $162,350), its price per square foot is higher than 70% of them ($157 against a typical $127), it is bigger than 58% of them (1,352 ft² against a typical 1,232 ft²), its lot is bigger than 22% of them (0.1 ac against a typical 0.12 ac) and it is newer than 51% of them (1920 against a typical 1920). Measured against all of Marion County, it is worth more than 43% 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 508 Wallace Ave, Indianapolis, IN?

The 2024 property tax bill for 508 Wallace Ave, Indianapolis, IN was $2,231. The county assessed it at $207,400.

More homes on Wallace Ave

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Assigned schools

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