Market snapshot
This report covers ZIP 46221, Indianapolis, IN. Demographic and housing figures blend U.S. Census ACS 5-year estimates with current rental listings. Flip-activity figures come from public county records of real estate transactions in the last 12 months, filtered to exclude wholesale deals, family transfers, and new construction.
Flipper activity in ZIP 46221
In the last 12 months, 12 properties in ZIP 46221 were bought and resold by investors, matching a real-flip profile (28 to 540 day hold, purchase of $25K or more, no new construction, rebuilds, iBuyers or multi-parcel sales; money-losing flips included). The typical flip cleared $46K in gross margin before rehab, carrying, and closing costs, with a median hold time of 116 days.
Top flippers in the zip
| Rank | Flipper / LLC | Flips |
|---|---|---|
| 1 | INDIANAPOLIS REAL ESTATE INVESTMENTS LLC | 2 |
| 2 | FIRST INTERNET BANK OF INDIANA | 1 |
| 3 | SOLANA STAR LLC | 1 |
| 4 | ADAMS GROUP CONSTRUCTION SERVICES LLC | 1 |
| 5 | BLACKSTAR STABILITY REVITALIZATION TRUST | 1 |
Recent example
5504 WHEATSTONE CT, INDIANAPOLIS, IN, 46221 · FIRST INTERNET BANK OF INDIANA
Bought $221,850, sold $246,382 (+$25K), held 36 days.
Recent investor purchases in ZIP 46221
37 investor purchases in ZIP 46221 in the last 6 months, at a median price of $170K. 11% were all-cash. These are the investors competing for deals in this zip right now.
| Date | Property | Investor | Price | Paid with |
|---|---|---|---|---|
| Oct 21, 2026 | 3141 S LOCKBURN ST | CARPHOMES LLC | $140K | Financed |
| Oct 20, 2026 | 1917 W WILKINS ST | HPD HOLDINGS LLC | $193K | Financed |
| Oct 16, 2026 | 6132 TIMBERLAND WAY | COLLIER-WILLIAMS REI GROUP LLC | $289K | Financed |
| Oct 15, 2026 | 1358 S BELMONT AVE | VERITAS RENTALS LLC | $298K | Financed |
| Sep 30, 2026 | 5368 W HANNA AVE | GV REO 2025-1 LLC | $98K | Cash |
| Sep 30, 2026 | 6125 W MOORESVILLE RD | AMARI ACQUISITIONS LLC | $870K | Financed |
| Sep 30, 2026 | 5409 HONEY COMB LN | EIDSEN PROPERTIES INDIANA LLC | $241K | Financed |
| Sep 28, 2026 | 1020 S BELLEVIEW PL | RYAN BUYS INDY LLC | $167K | Financed |
| Sep 25, 2026 | 1321 HIATT ST | HEAVENLY HAPPY HOMES LLC | $170K | Financed |
| Sep 24, 2026 | 1025 BLAINE AVE | GRISE HOME AND PROPERTY GROUP LLC | $82K | Financed |
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More of Indianapolis
See every zip, the latest investor purchases and flips across the city on the Indianapolis, IN fix-and-flip market report.
See every flip in 46221, with full buyer and deal details
The full tool shows every flip transaction with buyer entity, exact purchase price, sale price, margin, and hold time. Plus the complete flipper leaderboard, comps for any address, rental analysis, and our T1F Market Score.
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We built this tool. We also write the loans on flips just like the ones above.
About this data
Flip transactions: Pulled from public county recording records via SFR Analytics. Filtered to investor purchases resold 28 to 540 days later (shorter holds are wholesale or assignment deals). New construction, rebuilds, iBuyers, homebuilders, multi-parcel sales, family transfers and purchases under $25K are excluded. Money-losing flips are included, so margins reflect the real range of outcomes.
Gross margin: Sale price minus purchase price. Does not include rehab, carrying, or closing costs. Use our Deal Calculator to model full project returns.
Demographics and rent: Population, median household income, and median home value from U.S. Census ACS 5-year estimates (2022). Rental figures reflect current listings from SFR Analytics.
Why we built this: Tier One Funding is a direct bridge and fix-and-flip lender. We built this free tool because flippers kept asking us, "What are the real numbers in my market?" and there was no free answer that wasn't buried behind a paywall. Use the data to decide where to buy, then call us when you need bridge capital.