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Single Family ResidenceResidential
$265,819$162 / 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 83How 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

6516 MADISON AVE

INDIANAPOLIS, IN 46227
3
Beds
0
Baths
1,641 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.
0.3 ac
Lot SizeThe size of the land the home sits on, from county records.
1948
Year BuiltThe year the home was originally built, according to county records.
1
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

$266K
$220K low$311K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,999 (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.$246,100 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$28,100
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$218,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$221,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$246,100

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.0.30
ConstructionThe main material the home's frame and walls are built from.Stone
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, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

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(1)

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

E
Homecroft Elementary SchoolC-
Elementary · Grades 1–5 · 0.3 mi
H
Southport High School
High · Grades 9–12 · 0.6 mi
M
Southport Middle SchoolC
Middle · Grades 7–8 · 1.0 mi

District: Perry Township Metropolitan School District

Neighborhood · ZIP 46227These 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.102
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 100.36

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.16%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.13%
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.61,597
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,676 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$51,366
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$69,128
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

6516 Madison 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 79% of homes in Indianapolis 46227
  • Bigger than 65% of homes in Indianapolis 46227
  • Has a smaller lot than 94% of homes in Homecroft
  • Older than 82% of homes in Homecroft

What homes are worth in Indianapolis 46227

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

This home
$91K$384K

This home is worth more than 79% of homes in Indianapolis 46227.

How it measures up in Indianapolis 46227

The dot is this home. The mark in the middle is the typical home in Indianapolis 46227.

Estimated value$265,819
CheaperTypical $226,324Pricier

Pricier than 79% of homes nearby

Price per ft²$162
CheaperTypical $151Pricier

Pricier than 64% of homes nearby

Living area1,641 ft²
SmallerTypical 1,432 ft²Bigger

Bigger than 65% of homes nearby

Lot size0.3 ac
SmallerTypical 0.34 acBigger

Bigger than 44% of homes nearby

Year built1948
OlderTypical 1961Newer

Newer than 22% of homes nearby

How 6516 Madison Ave ranks against every home in each area.
MeasureThis homeHomecroftIndianapolis 46227Marion County
Estimated valuepricier than$265,81964% of homes79% of homes65% of homes
Price per ft²pricier than$16260% of homes64% of homes64% of homes
Living areabigger than1,641 ft²53% of homes65% of homes57% of homes
Lot sizebigger than0.3 ac6% of homes44% of homes72% of homes
Year builtnewer than194818% of homes22% of homes29% of homes

About 6516 Madison Ave

How much is 6516 Madison Ave, Indianapolis, IN worth?

The TopHap Estimate for 6516 Madison Ave, Indianapolis, IN is $265,819 as of Sep 24, 2026. The likely range is $220,428 to $311,210. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 6516 Madison Ave, Indianapolis, IN last sell?

6516 Madison Ave, Indianapolis, IN last sold on Jun 26, 2026, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 6516 Madison Ave, Indianapolis, IN?

6516 Madison Ave, Indianapolis, IN has 3 bedrooms, 1,641 square feet of living space and a 0.30-acre lot.

When was 6516 Madison Ave, Indianapolis, IN built?

6516 Madison Ave, Indianapolis, IN was built in 1948, making it 78 years old. The building has 1 story.

What schools serve 6516 Madison Ave, Indianapolis, IN?

6516 Madison Ave, Indianapolis, IN is assigned to Homecroft Elementary School (elementary), rated C-; Southport High School (high); Southport Middle School (middle), rated C. All sit in Perry Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 6516 Madison Ave, Indianapolis, IN compare to other homes in Indianapolis 46227?

Among the 14,185 homes in Indianapolis 46227, it is worth more than 79% of them ($265,819 against a typical $226,324), its price per square foot is higher than 64% of them ($162 against a typical $151), it is bigger than 65% of them (1,641 ft² against a typical 1,432 ft²), its lot is bigger than 44% of them (0.3 ac against a typical 0.34 ac) and it is newer than 22% of them (1948 against a typical 1961). Measured against all of Marion County, it is worth more than 65% 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 6516 Madison Ave, Indianapolis, IN?

The 2025 property tax bill for 6516 Madison Ave, Indianapolis, IN was $2,999. The county assessed it at $246,100.

More homes on Madison Ave

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Assigned schools

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