Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$186,985$164 / 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
Last sold for $1,298,800 on Jul 31, 2023

5535 GRAY RD

INDIANAPOLIS, IN 46237
2
Beds
0
Baths
1,141 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.
0.38 ac
Lot SizeThe size of the land the home sits on, from county records.
1956
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.
1
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$187K
$170K low$204K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$1,298,800 · Jul 31, 2023

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,549 (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.$175,600 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$30,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$145,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$162,100
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$175,600

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.0.38
ConstructionThe main material the home's frame and walls are built from.Stone
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
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.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 · 192 ft²

Transaction History(5)

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(2)

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

E
Jeremiah Gray Elementary SchoolB
Elementary · Grades 1–5 · 0.3 mi
M
Southport Middle SchoolB-
Middle · Grades 7–8 · 1.2 mi
H
Southport High SchoolC
High · Grades 9–12 · 2.6 mi

District: Perry Township Metropolitan School District

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%

Owner Tools

Do you own this home?
Claim this home

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

5535 Gray Rd 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 88% of homes in I-65 / South Emerson
  • Costs more per square foot than 66% of homes in Marion County
  • Smaller than 91% of homes in Indianapolis 46237
  • Has a bigger lot than 82% of homes in Indianapolis 46237
  • Older than 95% of homes in I-65 / South Emerson

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
$113K$540K

This home is worth more than 12% 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$186,985
CheaperTypical $253,855Pricier

Pricier than 12% of homes nearby

Price per ft²$164
CheaperTypical $152Pricier

Pricier than 65% of homes nearby

Living area1,141 ft²
SmallerTypical 1,664 ft²Bigger

Bigger than 9% of homes nearby

Lot size0.38 ac
SmallerTypical 0.23 acBigger

Bigger than 82% of homes nearby

Year built1956
OlderTypical 1995Newer

Newer than 7% of homes nearby

How 5535 Gray Rd ranks against every home in each area.
MeasureThis homeI-65 / South EmersonIndianapolis 46237Marion County
Estimated valuepricier than$186,98512% of homes12% of homes33% of homes
Price per ft²pricier than$16460% of homes65% of homes66% of homes
Living areabigger than1,141 ft²13% of homes9% of homes25% of homes
Lot sizebigger than0.38 ac76% of homes82% of homes81% of homes
Year builtnewer than19565% of homes7% of homes41% of homes

About 5535 Gray Rd

How much is 5535 Gray Rd, Indianapolis, IN worth?

The TopHap Estimate for 5535 Gray Rd, Indianapolis, IN is $186,985 as of Sep 24, 2026. The likely range is $170,278 to $203,692. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5535 Gray Rd, Indianapolis, IN last sell?

5535 Gray Rd, Indianapolis, IN last sold on Jul 31, 2023 for $1,298,800, according to the county's recorded deed.

How big is 5535 Gray Rd, Indianapolis, IN?

5535 Gray Rd, Indianapolis, IN has 2 bedrooms, 1,141 square feet of living space and a 0.38-acre lot.

When was 5535 Gray Rd, Indianapolis, IN built?

5535 Gray Rd, Indianapolis, IN was built in 1956, making it 70 years old. The building has 1 story.

What schools serve 5535 Gray Rd, Indianapolis, IN?

5535 Gray Rd, Indianapolis, IN is assigned to Jeremiah Gray Elementary School (elementary), rated B; Southport Middle School (middle), rated B-; Southport High School (high), rated C. All sit in Perry Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5535 Gray Rd, Indianapolis, IN compare to other homes in Indianapolis 46237?

Among the 14,056 homes in Indianapolis 46237, it is worth more than 12% of them ($186,985 against a typical $253,855), its price per square foot is higher than 65% of them ($164 against a typical $152), it is bigger than 9% of them (1,141 ft² against a typical 1,664 ft²), its lot is bigger than 82% of them (0.38 ac against a typical 0.23 ac) and it is newer than 7% of them (1956 against a typical 1995). Measured against all of Marion County, it is worth more than 33% 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 5535 Gray Rd, Indianapolis, IN?

The 2025 property tax bill for 5535 Gray Rd, Indianapolis, IN was $4,549. The county assessed it at $175,600.

More homes on Gray Rd

Closest homes

More homes in Indianapolis 46237

Assigned schools

Explore the area

See this home in context

Open 5535 Gray Rd on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map