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Single Family ResidenceResidential
$195,987$123 / 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 96How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026

5514 ARMSTRONG DR

INDIANAPOLIS, IN 46237
3
Beds
1
Baths
1,589 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.
0.28 ac
Lot SizeThe size of the land the home sits on, from county records.
1973
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
9
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

$196K
$188K low$204K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,087 (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.$208,700 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$33,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$174,800
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$208,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$208,700

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.7 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.0.2 percent flood zone

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
Lot (acres)The size of the land the home sits on, from county records.0.28
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.Raised (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Heat Pump
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
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 96 ft²

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.

Foreclosure Filings(1)

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

E
Arlington Elementary SchoolC+
Elementary · Grades KG–3 · 0.5 mi
H
Franklin Central High SchoolA
High · Grades 9–12 · 3.1 mi
M
Franklin Central Junior High SchoolB
Middle · Grades 7–8 · 4.9 mi

District: Franklin Township Community School Corporation

Neighborhood · ZIP 46237These 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.62
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.105
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.40

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.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.24%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.2%
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.45,004
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,029 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$76,746
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$93,081
Average tempThe average temperature here across a full year.52°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

5514 Armstrong Dr 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 85% of homes in Indianapolis 46237
  • Costs less per square foot than 92% of homes in I-65 / South Emerson
  • Has a bigger lot than 69% of homes in Marion County
  • Older than 85% of homes in Indianapolis 46237

What homes are worth in Indianapolis 46237

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

This home
$114K$563K

This home is worth more than 15% of homes in Indianapolis 46237.

How it measures up in Indianapolis 46237

The dot is this home. The mark in the middle is the typical home in Indianapolis 46237.

Estimated value$195,987
CheaperTypical $256,027Pricier

Pricier than 15% of homes nearby

Price per ft²$123
CheaperTypical $154Pricier

Pricier than 16% of homes nearby

Living area1,589 ft²
SmallerTypical 1,664 ft²Bigger

Bigger than 44% of homes nearby

Lot size0.28 ac
SmallerTypical 0.23 acBigger

Bigger than 66% of homes nearby

Year built1973
OlderTypical 1995Newer

Newer than 15% of homes nearby

How 5514 Armstrong Dr ranks against every home in each area.
MeasureThis homeI-65 / South EmersonIndianapolis 46237Marion County
Estimated valuepricier than$195,98718% of homes15% of homes36% of homes
Price per ft²pricier than$1238% of homes16% of homes26% of homes
Living areabigger than1,589 ft²49% of homes44% of homes55% of homes
Lot sizebigger than0.28 ac59% of homes66% of homes69% of homes
Year builtnewer than197317% of homes15% of homes60% of homes

About 5514 Armstrong Dr

How much is 5514 Armstrong Dr, Indianapolis, IN worth?

The TopHap Estimate for 5514 Armstrong Dr, Indianapolis, IN is $195,987 as of Aug 30, 2026. The likely range is $187,673 to $204,301. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5514 Armstrong Dr, Indianapolis, IN last sell?

5514 Armstrong Dr, Indianapolis, IN last sold on Jun 12, 2007, according to the county's recorded deed.

How big is 5514 Armstrong Dr, Indianapolis, IN?

5514 Armstrong Dr, Indianapolis, IN has 3 bedrooms, 1 bathrooms, 1,589 square feet of living space and a 0.28-acre lot.

When was 5514 Armstrong Dr, Indianapolis, IN built?

5514 Armstrong Dr, Indianapolis, IN was built in 1973, making it 53 years old. The building has 2 stories.

What schools serve 5514 Armstrong Dr, Indianapolis, IN?

5514 Armstrong Dr, Indianapolis, IN is assigned to Arlington Elementary School (elementary), rated C+; Franklin Central High School (high), rated A; Franklin Central Junior High School (middle), rated B. All sit in Franklin Township Community School Corporation. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5514 Armstrong Dr, Indianapolis, IN compare to other homes in Indianapolis 46237?

Among the 14,054 homes in Indianapolis 46237, it is worth more than 15% of them ($195,987 against a typical $256,027), its price per square foot is higher than 16% of them ($123 against a typical $154), it is bigger than 44% of them (1,589 ft² against a typical 1,664 ft²), its lot is bigger than 66% of them (0.28 ac against a typical 0.23 ac) and it is newer than 15% of them (1973 against a typical 1995). Measured against all of Marion County, it is worth more than 36% 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 5514 Armstrong Dr, Indianapolis, IN?

The 2024 property tax bill for 5514 Armstrong Dr, Indianapolis, IN was $2,087. The county assessed it at $208,700.

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