Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$146,564$123 / 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 84How 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

5243 FALCON LN

INDIANAPOLIS, IN 46224
3
Beds
0
Baths
1,189 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.
0.14 ac
Lot SizeThe size of the land the home sits on, from county records.
1960
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.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$147K
$123K low$170K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,495 (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.$136,000 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$7,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$128,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$136,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$136,000

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.0.14
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
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 · 80 ft²

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

E
Carl Wilde School 79D
Elementary · Grades PK–5 · 0.5 mi
M
Enlace AcademyD+
Middle · Grades KG–8 · 0.6 mi
H
George Washington High SchoolF
High · Grades 9–12 · 4.8 mi

District: Enlace Academy

Neighborhood · ZIP 46224These 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.95
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.111
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.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.18%
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.1.4%
PopulationHow many people live in this area.39,116
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,982 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$53,419
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$64,401
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

5243 Falcon Ln 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 86% of homes in Indianapolis 46224
  • Costs less per square foot than 84% of homes in Indianapolis 46224
  • Smaller than 71% of homes in Marion County
  • Has a smaller lot than 75% of homes in Indianapolis 46224
  • Newer than 88% of homes in Eagledale

What homes are worth in Indianapolis 46224

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

This home
$100K$340K

This home is worth more than 14% of homes in Indianapolis 46224.

How it measures up in Indianapolis 46224

The dot is this home. The mark in the middle is the typical home in Indianapolis 46224.

Estimated value$146,564
CheaperTypical $203,605Pricier

Pricier than 14% of homes nearby

Price per ft²$123
CheaperTypical $157Pricier

Pricier than 16% of homes nearby

Living area1,189 ft²
SmallerTypical 1,206 ft²Bigger

Bigger than 48% of homes nearby

Lot size0.14 ac
SmallerTypical 0.18 acBigger

Bigger than 25% of homes nearby

Year built1960
OlderTypical 1958Newer

Newer than 65% of homes nearby

How 5243 Falcon Ln ranks against every home in each area.
MeasureThis homeEagledaleIndianapolis 46224Marion County
Estimated valuepricier than$146,56452% of homes14% of homes20% of homes
Price per ft²pricier than$12328% of homes16% of homes26% of homes
Living areabigger than1,189 ft²70% of homes48% of homes29% of homes
Lot sizebigger than0.14 ac46% of homes25% of homes31% of homes
Year builtnewer than196088% of homes65% of homes47% of homes

About 5243 Falcon Ln

How much is 5243 Falcon Ln, Indianapolis, IN worth?

The TopHap Estimate for 5243 Falcon Ln, Indianapolis, IN is $146,564 as of Aug 30, 2026. The likely range is $122,926 to $170,202. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 5243 Falcon Ln, Indianapolis, IN?

5243 Falcon Ln, Indianapolis, IN has 3 bedrooms, 1,189 square feet of living space and a 0.14-acre lot.

When was 5243 Falcon Ln, Indianapolis, IN built?

5243 Falcon Ln, Indianapolis, IN was built in 1960, making it 66 years old. The building has 1 story.

What schools serve 5243 Falcon Ln, Indianapolis, IN?

5243 Falcon Ln, Indianapolis, IN is assigned to Carl Wilde School 79 (elementary), rated D; Enlace Academy (middle), rated D+; George Washington High School (high), rated F. All sit in Enlace Academy. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5243 Falcon Ln, Indianapolis, IN compare to other homes in Indianapolis 46224?

Among the 7,942 homes in Indianapolis 46224, it is worth more than 14% of them ($146,564 against a typical $203,605), its price per square foot is higher than 16% of them ($123 against a typical $157), it is bigger than 48% of them (1,189 ft² against a typical 1,206 ft²), its lot is bigger than 25% of them (0.14 ac against a typical 0.18 ac) and it is newer than 65% of them (1960 against a typical 1958). Measured against all of Marion County, it is worth more than 20% 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 5243 Falcon Ln, Indianapolis, IN?

The 2024 property tax bill for 5243 Falcon Ln, Indianapolis, IN was $1,495. The county assessed it at $136,000.

More homes on Falcon Ln

Closest homes

More homes in Indianapolis 46224

Assigned schools

Explore the area

See this home in context

Open 5243 Falcon Ln 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