Skip to content
Skip to content
TopHapOpen in map
Single Family ResidenceResidential
$108,192$149 / 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 87How 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

742 SHEPARD ST

INDIANAPOLIS, IN 46221
2
Beds
0
Baths
726 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.
0.14 ac
Lot SizeThe size of the land the home sits on, from county records.
1942
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
5
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

$108K
$95K low$122K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$468 (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.$68,400 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$6,500
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$61,900
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$68,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$68,400

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.17 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%
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.minimal

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
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.1971
Lot (acres)The size of the land the home sits on, from county records.0.14
ConstructionThe main material the home's frame and walls are built from.Wood (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
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.

M
William Penn Middle SchoolC-
Middle · Grades 6–8 · 0.2 mi
H
George Washington High SchoolF
High · Grades 9–12 · 0.7 mi
E
Daniel Webster School 46D
Elementary · Grades PK–5 · 0.7 mi

District: Indianapolis Public Schools

Neighborhood · ZIP 46221These 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.99
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.109
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.44

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.11%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.27,491
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.1,347 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$64,261
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$76,190
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

742 Shepard St 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 91% of homes in Marion County
  • Costs more per square foot than 92% of homes in West Indianapolis
  • Smaller than 98% of homes in Marion County
  • Has a bigger lot than 77% of homes in West Indianapolis
  • Older than 75% of homes in Marion County

What homes are worth in Indianapolis 46221

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

This home
$64K$324K

This home is worth more than 13% of homes in Indianapolis 46221.

How it measures up in Indianapolis 46221

The dot is this home. The mark in the middle is the typical home in Indianapolis 46221.

Estimated value$108,192
CheaperTypical $213,123Pricier

Pricier than 13% of homes nearby

Price per ft²$149
CheaperTypical $146Pricier

Pricier than 53% of homes nearby

Living area726 ft²
SmallerTypical 1,352 ft²Bigger

Bigger than 4% of homes nearby

Lot size0.14 ac
SmallerTypical 0.2 acBigger

Bigger than 32% of homes nearby

Year built1942
OlderTypical 1967Newer

Newer than 26% of homes nearby

How 742 Shepard St ranks against every home in each area.
MeasureThis homeWest IndianapolisIndianapolis 46221Marion County
Estimated valuepricier than$108,19255% of homes13% of homes9% of homes
Price per ft²pricier than$14992% of homes53% of homes51% of homes
Living areabigger than726 ft²12% of homes4% of homes2% of homes
Lot sizebigger than0.14 ac77% of homes32% of homes32% of homes
Year builtnewer than194270% of homes26% of homes25% of homes

About 742 Shepard St

How much is 742 Shepard St, Indianapolis, IN worth?

The TopHap Estimate for 742 Shepard St, Indianapolis, IN is $108,192 as of Aug 30, 2026. The likely range is $94,572 to $121,812. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 742 Shepard St, Indianapolis, IN?

742 Shepard St, Indianapolis, IN has 2 bedrooms, 726 square feet of living space and a 0.14-acre lot.

When was 742 Shepard St, Indianapolis, IN built?

742 Shepard St, Indianapolis, IN was built in 1942, making it 84 years old. The building has 1 story.

What schools serve 742 Shepard St, Indianapolis, IN?

742 Shepard St, Indianapolis, IN is assigned to William Penn Middle School (middle), rated C-; George Washington High School (high), rated F; Daniel Webster School 46 (elementary), rated D. All sit in Indianapolis Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 742 Shepard St, Indianapolis, IN compare to other homes in Indianapolis 46221?

Among the 9,620 homes in Indianapolis 46221, it is worth more than 13% of them ($108,192 against a typical $213,123), its price per square foot is higher than 53% of them ($149 against a typical $146), it is bigger than 4% of them (726 ft² against a typical 1,352 ft²), its lot is bigger than 32% of them (0.14 ac against a typical 0.2 ac) and it is newer than 26% of them (1942 against a typical 1967). Measured against all of Marion County, it is worth more than 9% 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 742 Shepard St, Indianapolis, IN?

The 2024 property tax bill for 742 Shepard St, Indianapolis, IN was $468. The county assessed it at $68,400.

More homes on Shepard St

Closest homes

More homes in Indianapolis 46221

Assigned schools

Explore the area

See this home in context

Open 742 Shepard St 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