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CondominiumResidential
$207,023$130 / 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 94How 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

9278 BACKWATER DR

INDIANAPOLIS, IN 46250
2 / 1
Baths
1,588 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.
2,788 ft²
Lot SizeThe size of the land the home sits on, from county records.
1990
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$207K
$195K low$219K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,631 (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.$216,500 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$17,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$199,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$216,500
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$216,500

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.6 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.6%
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.Condominium
CountyMarion
Lot (acres)The size of the land the home sits on, from county records.0.06
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
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

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

E
Mary Castle Elementary SchoolC-
Elementary · Grades 1–6 · 1.7 mi
H
Lawrence Central High School
High · Grades 9–12 · 4.6 mi
M
Belzer Middle SchoolD-
Middle · Grades 7–8 · 4.8 mi

District: Lawrence Township Metropolitan School District

Neighborhood · ZIP 46250These 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.98
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.106
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.33

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.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.36%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.7.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.6%
PopulationHow many people live in this area.19,610
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,597 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$76,252
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$92,301
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

9278 Backwater 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 85% of homes in Indianapolis 46250
  • Costs less per square foot than 92% of homes in Indianapolis 46250
  • Smaller than 69% of homes in Indianapolis 46250
  • Has a smaller lot than 95% of homes in Marion County
  • Newer than 84% of homes in Castleton

What homes are worth in Indianapolis 46250

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

This home
$166K$985K

This home is worth more than 15% of homes in Indianapolis 46250.

How it measures up in Indianapolis 46250

The dot is this home. The mark in the middle is the typical home in Indianapolis 46250.

Estimated value$207,023
CheaperTypical $335,011Pricier

Pricier than 15% of homes nearby

Price per ft²$130
CheaperTypical $172Pricier

Pricier than 8% of homes nearby

Living area1,588 ft²
SmallerTypical 1,995 ft²Bigger

Bigger than 31% of homes nearby

Lot size2,788 ft²
SmallerTypical 0.34 acBigger

Bigger than 14% of homes nearby

Year built1990
OlderTypical 1978Newer

Newer than 83% of homes nearby

How 9278 Backwater Dr ranks against every home in each area.
MeasureThis homeCastletonIndianapolis 46250Marion County
Estimated valuepricier than$207,02330% of homes15% of homes41% of homes
Price per ft²pricier than$13014% of homes8% of homes33% of homes
Living areabigger than1,588 ft²59% of homes31% of homes55% of homes
Lot sizebigger than2,788 ft²26% of homes14% of homes5% of homes
Year builtnewer than199084% of homes83% of homes73% of homes

About 9278 Backwater Dr

How much is 9278 Backwater Dr, Indianapolis, IN worth?

The TopHap Estimate for 9278 Backwater Dr, Indianapolis, IN is $207,023 as of Sep 24, 2026. The likely range is $195,354 to $218,692. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

How big is 9278 Backwater Dr, Indianapolis, IN?

9278 Backwater Dr, Indianapolis, IN has 2 bathrooms, 1,588 square feet of living space and a 0.06-acre lot.

When was 9278 Backwater Dr, Indianapolis, IN built?

9278 Backwater Dr, Indianapolis, IN was built in 1990, making it 36 years old. The building has 2 stories.

What schools serve 9278 Backwater Dr, Indianapolis, IN?

9278 Backwater Dr, Indianapolis, IN is assigned to Mary Castle Elementary School (elementary), rated C-; Lawrence Central High School (high); Belzer Middle School (middle), rated D-. All sit in Lawrence Township Metropolitan School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 9278 Backwater Dr, Indianapolis, IN compare to other homes in Indianapolis 46250?

Among the 4,899 homes in Indianapolis 46250, it is worth more than 15% of them ($207,023 against a typical $335,011), its price per square foot is higher than 8% of them ($130 against a typical $172), it is bigger than 31% of them (1,588 ft² against a typical 1,995 ft²), its lot is bigger than 14% of them (2,788 ft² against a typical 0.34 ac) and it is newer than 83% of them (1990 against a typical 1978). 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 9278 Backwater Dr, Indianapolis, IN?

The 2024 property tax bill for 9278 Backwater Dr, Indianapolis, IN was $1,631. The county assessed it at $216,500.

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