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Single Family ResidenceResidential
$210,853$114 / 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

515 TERRACE AVE

INDIANAPOLIS, IN 46203
2
Beds
0
Baths
1,848 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.
3,485 ft²
Lot SizeThe size of the land the home sits on, from county records.
1905
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
3
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$211K
$196K low$226K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,168 (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.$141,100 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$34,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$107,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$133,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$141,100

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.
0
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
80
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
87
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.
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
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.1958
Lot (acres)The size of the land the home sits on, from county records.0.08
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
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(4)

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
James A. Garfield School 31D+
Elementary · Grades KG–5 · 0.3 mi
H
Christel House Schools at Manual High School
High · Grades 9–12 · 1.0 mi
M
Christel House Academy SouthD
Middle · Grades KG–8 · 1.4 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46203These 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.128
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.107
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.36

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.88%
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.18%
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.39,395
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,862 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$57,786
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$71,941
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

515 Terrace 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 71% of homes in Indianapolis 46203
  • Costs less per square foot than 80% of homes in Marion County
  • Bigger than 81% of homes in Indianapolis 46203
  • Has a smaller lot than 93% of homes in Marion County
  • Older than 94% of homes in Marion County

What homes are worth in Indianapolis 46203

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

This home
$73K$480K

This home is worth more than 71% of homes in Indianapolis 46203.

How it measures up in Indianapolis 46203

The dot is this home. The mark in the middle is the typical home in Indianapolis 46203.

Estimated value$210,853
CheaperTypical $154,400Pricier

Pricier than 71% of homes nearby

Price per ft²$114
CheaperTypical $131Pricier

Pricier than 29% of homes nearby

Living area1,848 ft²
SmallerTypical 1,186 ft²Bigger

Bigger than 81% of homes nearby

Lot size3,485 ft²
SmallerTypical 0.13 acBigger

Bigger than 8% of homes nearby

Year built1905
OlderTypical 1947Newer

Newer than 16% of homes nearby

How 515 Terrace Ave ranks against every home in each area.
MeasureThis homeNear SouthsideIndianapolis 46203Marion County
Estimated valuepricier than$210,85349% of homes71% of homes42% of homes
Price per ft²pricier than$11425% of homes29% of homes20% of homes
Living areabigger than1,848 ft²66% of homes81% of homes68% of homes
Lot sizebigger than3,485 ft²27% of homes8% of homes7% of homes
Year builtnewer than190542% of homes16% of homes6% of homes

About 515 Terrace Ave

How much is 515 Terrace Ave, Indianapolis, IN worth?

The TopHap Estimate for 515 Terrace Ave, Indianapolis, IN is $210,853 as of Sep 24, 2026. The likely range is $196,168 to $225,538. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 515 Terrace Ave, Indianapolis, IN last sell?

515 Terrace Ave, Indianapolis, IN last sold on Jul 23, 2015, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 515 Terrace Ave, Indianapolis, IN?

515 Terrace Ave, Indianapolis, IN has 2 bedrooms, 1,848 square feet of living space and a 0.08-acre lot.

When was 515 Terrace Ave, Indianapolis, IN built?

515 Terrace Ave, Indianapolis, IN was built in 1905, making it 121 years old. The building has 1 story.

What schools serve 515 Terrace Ave, Indianapolis, IN?

515 Terrace Ave, Indianapolis, IN is assigned to James A. Garfield School 31 (elementary), rated D+; Christel House Schools at Manual High School (high); Christel House Academy South (middle), rated D. All sit in Indianapolis Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 515 Terrace Ave, Indianapolis, IN compare to other homes in Indianapolis 46203?

Among the 15,946 homes in Indianapolis 46203, it is worth more than 71% of them ($210,853 against a typical $154,400), its price per square foot is higher than 29% of them ($114 against a typical $131), it is bigger than 81% of them (1,848 ft² against a typical 1,186 ft²), its lot is bigger than 8% of them (3,485 ft² against a typical 0.13 ac) and it is newer than 16% of them (1905 against a typical 1947). Measured against all of Marion County, it is worth more than 42% 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 515 Terrace Ave, Indianapolis, IN?

The 2024 property tax bill for 515 Terrace Ave, Indianapolis, IN was $3,168. The county assessed it at $141,100.

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