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Residential (General/Single)Residential
$205,299
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 Sep 24, 2026

8540 MADISON AVE

INDIANAPOLIS, IN 46227
0
Baths
0.75 ac
Lot SizeThe size of the land the home sits on, from county records.

Valuation

$205K
$179K low$231K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$121 (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.$4,800 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$4,700
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$4,800
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$4,800

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Residential (General/Single)
CountyMARION
Lot (acres)The size of the land the home sits on, from county records.0.75
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Shed · 64 ft²

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
Winchester Village Elementary SchoolC+
Elementary · Grades 1–5 · 0.3 mi
H
Southport High SchoolC
High · Grades 9–12 · 2.3 mi
M
Southport Middle SchoolB-
Middle · Grades 7–8 · 2.9 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

8540 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 less than 80% of homes in South Perry
  • Has a bigger lot than 96% of homes in South Perry

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$382K

This home is worth more than 36% 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$205,299
CheaperTypical $226,035Pricier

Pricier than 36% of homes nearby

Lot size0.75 ac
SmallerTypical 0.34 acBigger

Bigger than 91% of homes nearby

How 8540 Madison Ave ranks against every home in each area.
MeasureThis homeSouth PerryIndianapolis 46227Marion County
Estimated valuepricier than$205,29920% of homes36% of homes40% of homes
Lot sizebigger than0.75 ac96% of homes91% of homes94% of homes

About 8540 Madison Ave

How much is 8540 Madison Ave, Indianapolis, IN worth?

The TopHap Estimate for 8540 Madison Ave, Indianapolis, IN is $205,299 as of Sep 24, 2026. The likely range is $179,311 to $231,287. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 8540 Madison Ave, Indianapolis, IN last sell?

8540 Madison Ave, Indianapolis, IN last sold on Dec 11, 2023, according to the county's recorded deed.

What schools serve 8540 Madison Ave, Indianapolis, IN?

8540 Madison Ave, Indianapolis, IN is assigned to Winchester Village Elementary School (elementary), rated C+; Southport High School (high), rated C; Southport Middle School (middle), rated B-. All sit in Perry Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 8540 Madison Ave, Indianapolis, IN compare to other homes in Indianapolis 46227?

Among the 14,195 homes in Indianapolis 46227, it is worth more than 36% of them ($205,299 against a typical $226,035) and its lot is bigger than 91% of them (0.75 ac against a typical 0.34 ac). 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 8540 Madison Ave, Indianapolis, IN?

The 2025 property tax bill for 8540 Madison Ave, Indianapolis, IN was $121. The county assessed it at $4,800.

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Assigned schools

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