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CondominiumResidential
$357,727$200 / 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

5361 CHIPWOOD LN

INDIANAPOLIS, IN 46226
1.5
Baths
1,789 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.
2,178 ft²
Lot SizeThe size of the land the home sits on, from county records.
1987
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$358K
$333K low$382K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,145 (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.$305,000 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$26,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$278,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$264,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$305,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
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.2006
Lot (acres)The size of the land the home sits on, from county records.0.05
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.No Foundation
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(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
Robert Lee Frost School 106F
Elementary · Grades KG–5 · 0.3 mi
M
Arlington Middle SchoolF
Middle · Grades 6–8 · 0.8 mi
H
Purdue Polytechnic High School Broad Ripple
High · Grades 9–12 · 3.5 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46226These 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.124
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 100.31

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.90%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.14%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.19%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.43,792
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,210 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$47,427
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$61,159
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.41 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

5361 Chipwood 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 more than 96% of homes in Indianapolis 46226
  • Costs more per square foot than 98% of homes in Indianapolis 46226
  • Bigger than 78% of homes in Indianapolis 46226
  • Has a smaller lot than 96% of homes in Indianapolis 46226
  • Newer than 98% of homes in Indianapolis 46226

What homes are worth in Indianapolis 46226

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

This home
$88K$499K

This home is worth more than 96% of homes in Indianapolis 46226.

How it measures up in Indianapolis 46226

The dot is this home. The mark in the middle is the typical home in Indianapolis 46226.

Estimated value$357,727
CheaperTypical $155,691Pricier

Pricier than 96% of homes nearby

Price per ft²$200
CheaperTypical $126Pricier

Pricier than 98% of homes nearby

Living area1,789 ft²
SmallerTypical 1,294 ft²Bigger

Bigger than 78% of homes nearby

Lot size2,178 ft²
SmallerTypical 0.21 acBigger

Bigger than 4% of homes nearby

Year built1987
OlderTypical 1957Newer

Newer than 98% of homes nearby

How 5361 Chipwood Ln ranks against every home in each area.
MeasureThis homeBrendonwoodIndianapolis 46226Marion County
Estimated valuepricier than$357,72774% of homes96% of homes85% of homes
Price per ft²pricier than$20091% of homes98% of homes88% of homes
Living areabigger than1,789 ft²25% of homes78% of homes65% of homes
Lot sizebigger than2,178 ft²17% of homes4% of homes5% of homes
Year builtnewer than198797% of homes98% of homes70% of homes

About 5361 Chipwood Ln

How much is 5361 Chipwood Ln, Indianapolis, IN worth?

The TopHap Estimate for 5361 Chipwood Ln, Indianapolis, IN is $357,727 as of Sep 24, 2026. The likely range is $333,300 to $382,154. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5361 Chipwood Ln, Indianapolis, IN last sell?

5361 Chipwood Ln, Indianapolis, IN last sold on Jul 25, 2022, according to the county's recorded deed. TopHap holds 3 recorded sales for this parcel.

How big is 5361 Chipwood Ln, Indianapolis, IN?

5361 Chipwood Ln, Indianapolis, IN has 1.5 bathrooms, 1,789 square feet of living space and a 0.05-acre lot.

When was 5361 Chipwood Ln, Indianapolis, IN built?

5361 Chipwood Ln, Indianapolis, IN was built in 1987, making it 39 years old. It is a condo/apartment home. The building has 1 story.

What schools serve 5361 Chipwood Ln, Indianapolis, IN?

5361 Chipwood Ln, Indianapolis, IN is assigned to Robert Lee Frost School 106 (elementary), rated F; Arlington Middle School (middle), rated F; Purdue Polytechnic High School Broad Ripple (high). All sit in Indianapolis Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5361 Chipwood Ln, Indianapolis, IN compare to other homes in Indianapolis 46226?

Among the 14,550 homes in Indianapolis 46226, it is worth more than 96% of them ($357,727 against a typical $155,691), its price per square foot is higher than 98% of them ($200 against a typical $126), it is bigger than 78% of them (1,789 ft² against a typical 1,294 ft²), its lot is bigger than 4% of them (2,178 ft² against a typical 0.21 ac) and it is newer than 98% of them (1987 against a typical 1957). Measured against all of Marion County, it is worth more than 85% 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 5361 Chipwood Ln, Indianapolis, IN?

The 2024 property tax bill for 5361 Chipwood Ln, Indianapolis, IN was $3,145. The county assessed it at $305,000.

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