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Single Family ResidenceResidential
$226,452$152 / 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 Sep 24, 2026

5507 HOBBS CT

INDIANAPOLIS, IN 46221
3
Beds
1.5
Baths
1,488 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.
0.52 ac
Lot SizeThe size of the land the home sits on, from county records.
1978
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.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$226K
$212K low$241K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,246 (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.$210,400 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$20,600
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$189,800
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$197,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$210,400

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.1991
Lot (acres)The size of the land the home sits on, from county records.0.52
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
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
ViewThe type of view from the property, or another feature of the site that affects value.Extra Front
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 54 ft²

Transaction History(2)

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
Valley Mills Elementary SchoolD
Elementary · Grades 1–6 · 0.9 mi
M
Decatur Middle SchoolD
Middle · Grades 7–8 · 1.0 mi
H
Decatur Central High School
High · Grades 9–12 · 1.1 mi

District: Decatur Township Metropolitan School District

Neighborhood · ZIP 46221These 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.99
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.109
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.44

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.11%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
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.27,491
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,347 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$64,261
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$76,190
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

5507 Hobbs Ct 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.

  • Has a bigger lot than 89% of homes in Indianapolis 46221
  • Older than 74% of homes in Valley Mills

What homes are worth in Indianapolis 46221

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

This home
$65K$335K

This home is worth more than 63% of homes in Indianapolis 46221.

How it measures up in Indianapolis 46221

The dot is this home. The mark in the middle is the typical home in Indianapolis 46221.

Estimated value$226,452
CheaperTypical $211,320Pricier

Pricier than 63% of homes nearby

Price per ft²$152
CheaperTypical $146Pricier

Pricier than 57% of homes nearby

Living area1,488 ft²
SmallerTypical 1,350 ft²Bigger

Bigger than 63% of homes nearby

Lot size0.52 ac
SmallerTypical 0.2 acBigger

Bigger than 89% of homes nearby

Year built1978
OlderTypical 1968Newer

Newer than 60% of homes nearby

How 5507 Hobbs Ct ranks against every home in each area.
MeasureThis homeValley MillsIndianapolis 46221Marion County
Estimated valuepricier than$226,45245% of homes63% of homes49% of homes
Price per ft²pricier than$15246% of homes57% of homes55% of homes
Living areabigger than1,488 ft²51% of homes63% of homes49% of homes
Lot sizebigger than0.52 ac88% of homes89% of homes89% of homes
Year builtnewer than197826% of homes60% of homes63% of homes

About 5507 Hobbs Ct

How much is 5507 Hobbs Ct, Indianapolis, IN worth?

The TopHap Estimate for 5507 Hobbs Ct, Indianapolis, IN is $226,452 as of Sep 24, 2026. The likely range is $211,771 to $241,133. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5507 Hobbs Ct, Indianapolis, IN last sell?

5507 Hobbs Ct, Indianapolis, IN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 5507 Hobbs Ct, Indianapolis, IN?

5507 Hobbs Ct, Indianapolis, IN has 3 bedrooms, 1.5 bathrooms, 1,488 square feet of living space and a 0.52-acre lot.

When was 5507 Hobbs Ct, Indianapolis, IN built?

5507 Hobbs Ct, Indianapolis, IN was built in 1978, making it 48 years old. The building has 1 story.

What schools serve 5507 Hobbs Ct, Indianapolis, IN?

5507 Hobbs Ct, Indianapolis, IN is assigned to Valley Mills Elementary School (elementary), rated D; Decatur Middle School (middle), rated D; Decatur Central High School (high). All sit in Decatur Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5507 Hobbs Ct, Indianapolis, IN compare to other homes in Indianapolis 46221?

Among the 9,621 homes in Indianapolis 46221, it is worth more than 63% of them ($226,452 against a typical $211,320), its price per square foot is higher than 57% of them ($152 against a typical $146), it is bigger than 63% of them (1,488 ft² against a typical 1,350 ft²), its lot is bigger than 89% of them (0.52 ac against a typical 0.2 ac) and it is newer than 60% of them (1978 against a typical 1968). Measured against all of Marion County, it is worth more than 49% 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 5507 Hobbs Ct, Indianapolis, IN?

The 2025 property tax bill for 5507 Hobbs Ct, Indianapolis, IN was $2,246. The county assessed it at $210,400.

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