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Single Family ResidenceResidential
$206,805$151 / 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 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $96,000 on Dec 29, 2016

5540 RINEHART AVE

INDIANAPOLIS, IN 46241
3
Beds
1
Baths
1,371 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.
0.19 ac
Lot SizeThe size of the land the home sits on, from county records.
1963
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
8
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

$207K
$196K low$217K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$96,000 · Dec 29, 2016
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$112,544
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$90,035
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.47%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$94,261
WATERSTONE MTG CORP · recorded Dec 29, 2016

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,311 (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.$198,200 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$11,600
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$186,600
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$198,200
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$198,200

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.1990
Lot (acres)The size of the land the home sits on, from county records.0.20
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
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, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.Above-Ground Pool

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
Rhoades Elementary SchoolC
Elementary · Grades KG–6 · 0.6 mi
M
Lynhurst 7th & 8th Grade CenterC
Middle · Grades 7–8 · 2.4 mi
H
Ben Davis High SchoolD
High · Grades 10–12 · 2.6 mi

District: Wayne Township Metropolitan School District

Neighborhood · ZIP 46241These 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.85
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 100.38

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.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.10%
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.1.3%
PopulationHow many people live in this area.33,896
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,461 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$51,225
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$60,448
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%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

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 Rinehart 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 more than 83% of homes in Indianapolis 46241
  • Costs more per square foot than 73% of homes in Garden City
  • Bigger than 71% of homes in Garden City
  • Newer than 70% of homes in Garden City

What homes are worth in Indianapolis 46241

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

This home
$53K$268K

This home is worth more than 83% of homes in Indianapolis 46241.

How it measures up in Indianapolis 46241

The dot is this home. The mark in the middle is the typical home in Indianapolis 46241.

Estimated value$206,805
CheaperTypical $144,900Pricier

Pricier than 83% of homes nearby

Price per ft²$151
CheaperTypical $131Pricier

Pricier than 72% of homes nearby

Living area1,371 ft²
SmallerTypical 1,134 ft²Bigger

Bigger than 71% of homes nearby

Lot size0.19 ac
SmallerTypical 0.19 acBigger

Bigger than 50% of homes nearby

Year built1963
OlderTypical 1950Newer

Newer than 70% of homes nearby

How 5540 Rinehart Ave ranks against every home in each area.
MeasureThis homeGarden CityIndianapolis 46241Marion County
Estimated valuepricier than$206,80580% of homes83% of homes40% of homes
Price per ft²pricier than$15173% of homes72% of homes52% of homes
Living areabigger than1,371 ft²71% of homes71% of homes41% of homes
Lot sizebigger than0.19 ac53% of homes50% of homes51% of homes
Year builtnewer than196370% of homes70% of homes52% of homes

About 5540 Rinehart Ave

How much is 5540 Rinehart Ave, Indianapolis, IN worth?

The TopHap Estimate for 5540 Rinehart Ave, Indianapolis, IN is $206,805 as of Jul 14, 2026. The likely range is $196,373 to $217,237. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5540 Rinehart Ave, Indianapolis, IN last sell?

5540 Rinehart Ave, Indianapolis, IN last sold on Dec 29, 2016 for $96,000, according to the county's recorded deed.

How big is 5540 Rinehart Ave, Indianapolis, IN?

5540 Rinehart Ave, Indianapolis, IN has 3 bedrooms, 1 bathrooms, 1,371 square feet of living space and a 0.20-acre lot.

When was 5540 Rinehart Ave, Indianapolis, IN built?

5540 Rinehart Ave, Indianapolis, IN was built in 1963, making it 63 years old. The building has 1 story.

What schools serve 5540 Rinehart Ave, Indianapolis, IN?

5540 Rinehart Ave, Indianapolis, IN is assigned to Rhoades Elementary School (elementary), rated C; Lynhurst 7th & 8th Grade Center (middle), rated C; Ben Davis High School (high), rated D. All sit in Wayne Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5540 Rinehart Ave, Indianapolis, IN compare to other homes in Indianapolis 46241?

Among the 9,915 homes in Indianapolis 46241, it is worth more than 83% of them ($206,805 against a typical $144,900), its price per square foot is higher than 72% of them ($151 against a typical $131), it is bigger than 71% of them (1,371 ft² against a typical 1,134 ft²), its lot is bigger than 50% of them (0.19 ac against a typical 0.19 ac) and it is newer than 70% of them (1963 against a typical 1950). Measured against all of Marion County, it is worth more than 40% 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 Rinehart Ave, Indianapolis, IN?

The 2024 property tax bill for 5540 Rinehart Ave, Indianapolis, IN was $2,311. The county assessed it at $198,200.

Closest homes

More homes in Indianapolis 46241

Assigned schools

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