Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$206,889$187 / 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 90How 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

5540 MEADOWOOD DR

INDIANAPOLIS, IN 46224
3
Beds
1
Baths
1,107 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.
0.21 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.
7
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

$207K
$186K low$228K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,174 (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.$250,600 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$20,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$230,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$250,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$250,600

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.0.21
ConstructionThe main material the home's frame and walls are built from.Brick
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.Masonry
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.No

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
Frank H. Wheeler Elementary SchoolB+
Elementary · Grades KG–6 · 0.2 mi
H
Speedway High School
High · Grades 9–12 · 0.3 mi
M
Speedway Junior High SchoolA-
Middle · Grades 7–8 · 1.4 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%

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

5540 Meadowood 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 76% of homes in Speedway
  • Costs more per square foot than 82% of homes in Marion County
  • Smaller than 77% of homes in Marion County
  • Has a bigger lot than 65% of homes in Indianapolis 46224
  • Newer than 69% of homes in Speedway

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
$100K$334K

This home is worth more than 51% 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$206,889
CheaperTypical $205,405Pricier

Pricier than 51% of homes nearby

Price per ft²$187
CheaperTypical $158Pricier

Pricier than 75% of homes nearby

Living area1,107 ft²
SmallerTypical 1,217 ft²Bigger

Bigger than 39% of homes nearby

Lot size0.21 ac
SmallerTypical 0.18 acBigger

Bigger than 65% of homes nearby

Year built1956
OlderTypical 1958Newer

Newer than 42% of homes nearby

How 5540 Meadowood Dr ranks against every home in each area.
MeasureThis homeSpeedwayIndianapolis 46224Marion County
Estimated valuepricier than$206,88924% of homes51% of homes41% of homes
Price per ft²pricier than$18751% of homes75% of homes82% of homes
Living areabigger than1,107 ft²38% of homes39% of homes23% of homes
Lot sizebigger than0.21 ac55% of homes65% of homes54% of homes
Year builtnewer than195669% of homes42% of homes40% of homes

About 5540 Meadowood Dr

How much is 5540 Meadowood Dr, Indianapolis, IN worth?

The TopHap Estimate for 5540 Meadowood Dr, Indianapolis, IN is $206,889 as of Sep 24, 2026. The likely range is $186,256 to $227,522. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 5540 Meadowood Dr, Indianapolis, IN?

5540 Meadowood Dr, Indianapolis, IN has 3 bedrooms, 1 bathrooms, 1,107 square feet of living space and a 0.21-acre lot.

When was 5540 Meadowood Dr, Indianapolis, IN built?

5540 Meadowood Dr, Indianapolis, IN was built in 1956, making it 70 years old. The building has 1 story.

What schools serve 5540 Meadowood Dr, Indianapolis, IN?

5540 Meadowood Dr, Indianapolis, IN is assigned to Frank H. Wheeler Elementary School (elementary), rated B+; Speedway High School (high); Speedway Junior High School (middle), rated A-. All sit in Speedway School Town. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5540 Meadowood Dr, Indianapolis, IN compare to other homes in Indianapolis 46224?

Among the 7,942 homes in Indianapolis 46224, it is worth more than 51% of them ($206,889 against a typical $205,405), its price per square foot is higher than 75% of them ($187 against a typical $158), it is bigger than 39% of them (1,107 ft² against a typical 1,217 ft²), its lot is bigger than 65% of them (0.21 ac against a typical 0.18 ac) and it is newer than 42% of them (1956 against a typical 1958). Measured against all of Marion County, it is worth more than 41% 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 5540 Meadowood Dr, Indianapolis, IN?

The 2024 property tax bill for 5540 Meadowood Dr, Indianapolis, IN was $3,174. The county assessed it at $250,600.

More homes on Meadowood Dr

Closest homes

More homes in Indianapolis 46224

Assigned schools

Explore the area

See this home in context

Open 5540 Meadowood Dr 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