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Single Family ResidenceResidential
$221,125$175 / 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 92How 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
Last sold for $205,000 on Jun 7, 2024

534 E 40TH ST

INDIANAPOLIS, IN 46205
2
Beds
0
Baths
1,261 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.
2,701 ft²
Lot SizeThe size of the land the home sits on, from county records.
1917
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$221K
$203K low$239K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$205,000 · Jun 7, 2024

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,042 (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.$212,300 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$25,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$187,300
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$174,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$212,300

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.12 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
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.1965
Lot (acres)The size of the land the home sits on, from county records.0.06
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
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(7)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(1)

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

E
Phalen Leadership Academy at Louis B. Russell 48B
Elementary · Grades KG–6 · 0.7 mi
H
Shortridge High SchoolD
High · Grades 9–12 · 0.8 mi
M
KIPP Indy College Prep Middle SchoolD
Middle · Grades 6–8 · 1.6 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46205These 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.119
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.101
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.38

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.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.28%
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.1.5%
PopulationHow many people live in this area.28,148
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,340 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$75,510
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$94,995
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

534 E 40th 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 less than 90% of homes in Meridian Kessler
  • Costs less per square foot than 81% of homes in Meridian Kessler
  • Smaller than 78% of homes in Meridian Kessler
  • Has a smaller lot than 96% of homes in Indianapolis 46205
  • Older than 90% of homes in Marion County

What homes are worth in Indianapolis 46205

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

This home
$82K$896K

This home is worth more than 39% of homes in Indianapolis 46205.

How it measures up in Indianapolis 46205

The dot is this home. The mark in the middle is the typical home in Indianapolis 46205.

Estimated value$221,125
CheaperTypical $259,410Pricier

Pricier than 39% of homes nearby

Price per ft²$175
CheaperTypical $175Pricier

Pricier than 50% of homes nearby

Living area1,261 ft²
SmallerTypical 1,584 ft²Bigger

Bigger than 34% of homes nearby

Lot size2,701 ft²
SmallerTypical 0.14 acBigger

Bigger than 4% of homes nearby

Year built1917
OlderTypical 1925Newer

Newer than 25% of homes nearby

How 534 E 40th St ranks against every home in each area.
MeasureThis homeMeridian KesslerIndianapolis 46205Marion County
Estimated valuepricier than$221,12510% of homes39% of homes46% of homes
Price per ft²pricier than$17519% of homes50% of homes75% of homes
Living areabigger than1,261 ft²22% of homes34% of homes34% of homes
Lot sizebigger than2,701 ft²5% of homes4% of homes5% of homes
Year builtnewer than191717% of homes25% of homes10% of homes

About 534 E 40th St

How much is 534 E 40th St, Indianapolis, IN worth?

The TopHap Estimate for 534 E 40th St, Indianapolis, IN is $221,125 as of Sep 24, 2026. The likely range is $203,173 to $239,077. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 534 E 40th St, Indianapolis, IN last sell?

534 E 40th St, Indianapolis, IN last sold on Jun 7, 2024 for $205,000, according to the county's recorded deed. TopHap holds 4 recorded sales for this parcel.

How big is 534 E 40th St, Indianapolis, IN?

534 E 40th St, Indianapolis, IN has 2 bedrooms, 1,261 square feet of living space and a 0.06-acre lot.

When was 534 E 40th St, Indianapolis, IN built?

534 E 40th St, Indianapolis, IN was built in 1917, making it 109 years old. The building has 1 story.

What schools serve 534 E 40th St, Indianapolis, IN?

534 E 40th St, Indianapolis, IN is assigned to Phalen Leadership Academy at Louis B. Russell 48 (elementary), rated B; Shortridge High School (high), rated D; KIPP Indy College Prep Middle School (middle), rated D. All sit in Indianapolis Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 534 E 40th St, Indianapolis, IN compare to other homes in Indianapolis 46205?

Among the 10,202 homes in Indianapolis 46205, it is worth more than 39% of them ($221,125 against a typical $259,410), its price per square foot is higher than 50% of them ($175 against a typical $175), it is bigger than 34% of them (1,261 ft² against a typical 1,584 ft²), its lot is bigger than 4% of them (2,701 ft² against a typical 0.14 ac) and it is newer than 25% of them (1917 against a typical 1925). Measured against all of Marion County, it is worth more than 46% 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 534 E 40th St, Indianapolis, IN?

The 2024 property tax bill for 534 E 40th St, Indianapolis, IN was $2,042. The county assessed it at $212,300.

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