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Single Family ResidenceResidential
$240,120$186 / 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 94How 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

5503 W 16TH ST

INDIANAPOLIS, IN 46224
2
Beds
0
Baths
1,288 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.
0.19 ac
Lot SizeThe size of the land the home sits on, from county records.
1948
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.
4
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$240K
$225K low$255K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,721 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$317,500 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$22,300
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$295,200
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$302,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$317,500

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.4 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.2018
Lot (acres)The size of the land the home sits on, from county records.0.19
ConstructionThe main material the home's frame and walls are built from.Brick
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, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.Above-Ground Pool

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.

M
Speedway Junior High SchoolA-
Middle · Grades 7–8 · 0.4 mi
E
Arthur C. Newby Elementary SchoolA
Elementary · Grades KG–6 · 0.4 mi
H
Speedway High School
High · Grades 9–12 · 1.0 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

5503 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 more than 69% of homes in Indianapolis 46224
  • Costs more per square foot than 82% of homes in Marion County
  • Older than 76% 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
$105K$338K

This home is worth more than 69% 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$240,120
CheaperTypical $212,161Pricier

Pricier than 69% of homes nearby

Price per ft²$186
CheaperTypical $160Pricier

Pricier than 72% of homes nearby

Living area1,288 ft²
SmallerTypical 1,209 ft²Bigger

Bigger than 58% of homes nearby

Lot size0.19 ac
SmallerTypical 0.18 acBigger

Bigger than 57% of homes nearby

Year built1948
OlderTypical 1958Newer

Newer than 24% of homes nearby

How 5503 W 16th St ranks against every home in each area.
MeasureThis homeSpeedwayIndianapolis 46224Marion County
Estimated valuepricier than$240,12048% of homes69% of homes54% of homes
Price per ft²pricier than$18644% of homes72% of homes82% of homes
Living areabigger than1,288 ft²56% of homes58% of homes36% of homes
Lot sizebigger than0.19 ac43% of homes57% of homes50% of homes
Year builtnewer than194843% of homes24% of homes28% of homes

About 5503 W 16th St

How much is 5503 W 16th St, Indianapolis, IN worth?

The TopHap Estimate for 5503 W 16th St, Indianapolis, IN is $240,120 as of Oct 21, 2026. The likely range is $224,949 to $255,291. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5503 W 16th St, Indianapolis, IN last sell?

5503 W 16th St, Indianapolis, IN last sold on Apr 24, 2026, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 5503 W 16th St, Indianapolis, IN?

5503 W 16th St, Indianapolis, IN has 2 bedrooms, 1,288 square feet of living space and a 0.19-acre lot.

When was 5503 W 16th St, Indianapolis, IN built?

5503 W 16th St, Indianapolis, IN was built in 1948, making it 78 years old. The building has 1 story.

What schools serve 5503 W 16th St, Indianapolis, IN?

5503 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 5503 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 69% of them ($240,120 against a typical $212,161), its price per square foot is higher than 72% of them ($186 against a typical $160), it is bigger than 58% of them (1,288 ft² against a typical 1,209 ft²), its lot is bigger than 57% of them (0.19 ac against a typical 0.18 ac) and it is newer than 24% of them (1948 against a typical 1958). Measured against all of Marion County, it is worth more than 54% 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 5503 W 16th St, Indianapolis, IN?

The 2025 property tax bill for 5503 W 16th St, Indianapolis, IN was $3,721. The county assessed it at $317,500.

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