Ranch home in 6102 Terrace Ave Indianapolis, IN
This 1,550-square-foot Ranch home in Indianapolis, IN includes 3 bedrooms and 2 bathrooms. Its Ranch character defines the property's look.
| Price | $255,000 |
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| Beds | 3 |
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| Baths | 2 |
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| Sqft | 1550 |
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| Architectural style | Ranch (79% match) |
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| Address | 6102 Terrace Ave Indianapolis, IN 46203 |
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Why buy this home
- Confirmed Ranch architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Movoto.
Is this a good buy?
Priced in line with the area.
- At $255K, this home is 2% above the $250K median for 866 similar Ranch homes in Indianapolis, IN.
- That works out to $165 per square foot, 1% above the $164 comparable rate.
- On the market 16 days.
| This home | $255,000 |
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| Ranch median in Indianapolis, IN | $250,000 (866 homes) |
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| Price per sq ft | $165 vs. $164 comps median |
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Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,670/month with 20% down at a 7.28% 30-year fixed rate. You would need about $71,568 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,396/mo |
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| Property tax (new-buyer reassessed rate) | $179/mo |
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| Homeowners insurance | $96/mo |
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| Total monthly | $1,670/mo |
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| Down payment (20%) | $51,000 |
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| Income needed | $71,568/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home A (90 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | A (90/100) |
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| Beats renting in | 73% of modeled paths |
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| Modeled 5-yr equity (median) | $190,887 |
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| Range (10th to 90th pct) | $130,376 to $263,606 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Indianapolis, IN where local data is thin.
Local home values
Typical home values in Indianapolis, IN have risen about 23% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Movoto