Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$236,296$112 / 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 88How 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

5122 FLAME WAY

INDIANAPOLIS, IN 46254
3
Beds
2 / 1
Baths
2,112 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.
0.11 ac
Lot SizeThe size of the land the home sits on, from county records.
1998
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
10
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

$236K
$207K low$266K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,313 (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 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$27,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$180,300
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$207,400
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

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.15 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.0.11
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
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 SchoolC+
Elementary · Grades KG–5 · 0.5 mi
M
Guion Creek Middle SchoolD
Middle · Grades 6–8 · 1.5 mi
H
Pike High SchoolC
High · Grades 9–12 · 2.2 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%

Owner Tools

Do you own this home?
Claim this home

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

5122 Flame Way 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 82% of homes in Northwest High School
  • Costs less per square foot than 90% of homes in Indianapolis 46254
  • Bigger than 91% of homes in Northwest High School
  • Has a smaller lot than 85% of homes in Marion County
  • Newer than 92% 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
$69K$452K

This home is worth more than 64% 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$236,296
CheaperTypical $218,614Pricier

Pricier than 64% of homes nearby

Price per ft²$112
CheaperTypical $147Pricier

Pricier than 10% of homes nearby

Living area2,112 ft²
SmallerTypical 1,448 ft²Bigger

Bigger than 88% of homes nearby

Lot size0.11 ac
SmallerTypical 0.16 acBigger

Bigger than 31% of homes nearby

Year built1998
OlderTypical 1990Newer

Newer than 86% of homes nearby

How 5122 Flame Way ranks against every home in each area.
MeasureThis homeNorthwest High SchoolIndianapolis 46254Marion County
Estimated valuepricier than$236,29682% of homes64% of homes53% of homes
Price per ft²pricier than$11222% of homes10% of homes18% of homes
Living areabigger than2,112 ft²91% of homes88% of homes78% of homes
Lot sizebigger than0.11 ac18% of homes31% of homes15% of homes
Year builtnewer than199892% of homes86% of homes82% of homes

About 5122 Flame Way

How much is 5122 Flame Way, Indianapolis, IN worth?

The TopHap Estimate for 5122 Flame Way, Indianapolis, IN is $236,296 as of Aug 30, 2026. The likely range is $207,054 to $265,538. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5122 Flame Way, Indianapolis, IN last sell?

5122 Flame Way, Indianapolis, IN last sold on Nov 30, 2005, according to the county's recorded deed.

How big is 5122 Flame Way, Indianapolis, IN?

5122 Flame Way, Indianapolis, IN has 3 bedrooms, 2 bathrooms, 2,112 square feet of living space and a 0.11-acre lot.

When was 5122 Flame Way, Indianapolis, IN built?

5122 Flame Way, Indianapolis, IN was built in 1998, making it 28 years old. The building has 2 stories.

What schools serve 5122 Flame Way, Indianapolis, IN?

5122 Flame Way, Indianapolis, IN is assigned to Deer Run Elementary School (elementary), rated C+; Guion Creek Middle School (middle), rated D; Pike High School (high), rated C. All sit in Pike Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5122 Flame Way, Indianapolis, IN compare to other homes in Indianapolis 46254?

Among the 9,882 homes in Indianapolis 46254, it is worth more than 64% of them ($236,296 against a typical $218,614), its price per square foot is higher than 10% of them ($112 against a typical $147), it is bigger than 88% of them (2,112 ft² against a typical 1,448 ft²), its lot is bigger than 31% of them (0.11 ac against a typical 0.16 ac) and it is newer than 86% of them (1998 against a typical 1990). Measured against all of Marion County, it is worth more than 53% 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 5122 Flame Way, Indianapolis, IN?

The 2024 property tax bill for 5122 Flame Way, Indianapolis, IN was $2,313. The county assessed it at $207,400.

More homes on Flame Way

Closest homes

More homes in Indianapolis 46254

Assigned schools

Explore the area

See this home in context

Open 5122 Flame Way on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map