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Single Family ResidenceResidential
$224,904$252 / 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 Oct 21, 2026

5408 W 16TH ST

INDIANAPOLIS, IN 46224
2
Beds
0
Baths
892 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.
0.16 ac
Lot SizeThe size of the land the home sits on, from county records.
1940
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$225K
$206K low$244K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,626 (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.$209,400 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$12,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$197,300
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$209,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$209,400

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.0.16
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
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, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

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

M
Speedway Junior High SchoolA-
Middle · Grades 7–8 · 0.3 mi
E
Arthur C. Newby Elementary SchoolA
Elementary · Grades KG–6 · 0.4 mi
H
Speedway High School
High · Grades 9–12 · 0.9 mi

District: Speedway School Town

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%

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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

5408 W 16th 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 68% of homes in Speedway
  • Costs more per square foot than 96% of homes in Marion County
  • Smaller than 91% of homes in Indianapolis 46224
  • Older than 84% of homes in Indianapolis 46224

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
$101K$338K

This home is worth more than 59% 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$224,904
CheaperTypical $212,138Pricier

Pricier than 59% of homes nearby

Price per ft²$252
CheaperTypical $160Pricier

Pricier than 95% of homes nearby

Living area892 ft²
SmallerTypical 1,213 ft²Bigger

Bigger than 9% of homes nearby

Lot size0.16 ac
SmallerTypical 0.18 acBigger

Bigger than 38% of homes nearby

Year built1940
OlderTypical 1958Newer

Newer than 16% of homes nearby

How 5408 W 16th St ranks against every home in each area.
MeasureThis homeSpeedwayIndianapolis 46224Marion County
Estimated valuepricier than$224,90432% of homes59% of homes48% of homes
Price per ft²pricier than$25290% of homes95% of homes96% of homes
Living areabigger than892 ft²13% of homes9% of homes9% of homes
Lot sizebigger than0.16 ac36% of homes38% of homes38% of homes
Year builtnewer than194027% of homes16% of homes24% of homes

About 5408 W 16th St

How much is 5408 W 16th St, Indianapolis, IN worth?

The TopHap Estimate for 5408 W 16th St, Indianapolis, IN is $224,904 as of Oct 21, 2026. The likely range is $206,141 to $243,667. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 5408 W 16th St, Indianapolis, IN?

5408 W 16th St, Indianapolis, IN has 2 bedrooms, 892 square feet of living space and a 0.16-acre lot.

When was 5408 W 16th St, Indianapolis, IN built?

5408 W 16th St, Indianapolis, IN was built in 1940, making it 86 years old. The building has 1 story.

What schools serve 5408 W 16th St, Indianapolis, IN?

5408 W 16th St, Indianapolis, IN is assigned to Speedway Junior High School (middle), rated A-; Arthur C. Newby Elementary School (elementary), rated A; Speedway High School (high). All sit in Speedway School Town. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5408 W 16th St, Indianapolis, IN compare to other homes in Indianapolis 46224?

Among the 7,939 homes in Indianapolis 46224, it is worth more than 59% of them ($224,904 against a typical $212,138), its price per square foot is higher than 95% of them ($252 against a typical $160), it is bigger than 9% of them (892 ft² against a typical 1,213 ft²), its lot is bigger than 38% of them (0.16 ac against a typical 0.18 ac) and it is newer than 16% of them (1940 against a typical 1958). Measured against all of Marion County, it is worth more than 48% 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 5408 W 16th St, Indianapolis, IN?

The 2024 property tax bill for 5408 W 16th St, Indianapolis, IN was $2,626. The county assessed it at $209,400.

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