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Single Family ResidenceResidential
$177,120$64 / 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 91How 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

5504 TERRACE AVE

INDIANAPOLIS, IN 46203
3
Beds
0
Baths
2,760 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.
0.41 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.
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

$177K
$161K low$193K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,595 (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.$141,900 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$5,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$136,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$141,900
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$141,900

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.0.41
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (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.Mixed
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 · 100 ft²

Transaction History(1)

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
Lowell Elementary SchoolD+
Elementary · Grades KG–4 · 1.4 mi
M
Raymond Park Intermediate and Middle SchoolD
Middle · Grades 5–8 · 3.2 mi
H
Warren Central High School
High · Grades 9–12 · 4.8 mi

District: Warren Township Metropolitan School District

Neighborhood · ZIP 46203These 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.128
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 100.36

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.88%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.3%
PopulationHow many people live in this area.39,395
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,862 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$57,786
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$71,941
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

5504 Terrace Ave 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 70% of homes in Marion County
  • Among the lowest price per square foot in Southeast
  • Bigger than 97% of homes in Indianapolis 46203
  • Has a bigger lot than 92% of homes in Indianapolis 46203
  • Older than 87% of homes in Southeast

What homes are worth in Indianapolis 46203

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

This home
$75K$481K

This home is worth more than 60% of homes in Indianapolis 46203.

How it measures up in Indianapolis 46203

The dot is this home. The mark in the middle is the typical home in Indianapolis 46203.

Estimated value$177,120
CheaperTypical $154,623Pricier

Pricier than 60% of homes nearby

Price per ft²$64
CheaperTypical $131Pricier

Pricier than 2% of homes nearby

Living area2,760 ft²
SmallerTypical 1,198 ft²Bigger

Bigger than 97% of homes nearby

Lot size0.41 ac
SmallerTypical 0.13 acBigger

Bigger than 92% of homes nearby

Year built1940
OlderTypical 1947Newer

Newer than 47% of homes nearby

How 5504 Terrace Ave ranks against every home in each area.
MeasureThis homeSoutheastIndianapolis 46203Marion County
Estimated valuepricier than$177,12043% of homes60% of homes30% of homes
Price per ft²pricier than$64almost no homes2% of homesalmost no homes
Living areabigger than2,760 ft²96% of homes97% of homes91% of homes
Lot sizebigger than0.41 ac68% of homes92% of homes83% of homes
Year builtnewer than194013% of homes47% of homes24% of homes

About 5504 Terrace Ave

How much is 5504 Terrace Ave, Indianapolis, IN worth?

The TopHap Estimate for 5504 Terrace Ave, Indianapolis, IN is $177,120 as of Sep 24, 2026. The likely range is $160,988 to $193,252. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 5504 Terrace Ave, Indianapolis, IN?

5504 Terrace Ave, Indianapolis, IN has 3 bedrooms, 2,760 square feet of living space and a 0.41-acre lot.

When was 5504 Terrace Ave, Indianapolis, IN built?

5504 Terrace Ave, Indianapolis, IN was built in 1940, making it 86 years old. The building has 1 story.

What schools serve 5504 Terrace Ave, Indianapolis, IN?

5504 Terrace Ave, Indianapolis, IN is assigned to Lowell Elementary School (elementary), rated D+; Raymond Park Intermediate and Middle School (middle), rated D; Warren Central High School (high). All sit in Warren Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5504 Terrace Ave, Indianapolis, IN compare to other homes in Indianapolis 46203?

Among the 15,946 homes in Indianapolis 46203, it is worth more than 60% of them ($177,120 against a typical $154,623), its price per square foot is higher than 2% of them ($64 against a typical $131), it is bigger than 97% of them (2,760 ft² against a typical 1,198 ft²), its lot is bigger than 92% of them (0.41 ac against a typical 0.13 ac) and it is newer than 47% of them (1940 against a typical 1947). Measured against all of Marion County, it is worth more than 30% 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 5504 Terrace Ave, Indianapolis, IN?

The 2024 property tax bill for 5504 Terrace Ave, Indianapolis, IN was $1,595. The county assessed it at $141,900.

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