Ranch home in Indianapolis, IN
This Ranch home in Indianapolis, IN offers 3 bedrooms and 2 bathrooms across 1,253 square feet. The Ranch styling carries through the home's design.
| Price | $220,000 |
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| Beds | 3 |
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| Baths | 2 |
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| Sqft | 1253 |
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| Architectural style | Ranch (81% match) |
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| Address | 3618 N Norfolk Street, Indianapolis, IN 46224 |
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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 Estately.
Is this a good buy?
Priced below comparable homes.
- At $220K, this home is 12% below the $250K median for 866 similar Ranch homes in Indianapolis, IN.
- That works out to $176 per square foot, 7% above the $164 comparable rate.
| This home | $220,000 |
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| Ranch median in Indianapolis, IN | $250,000 (866 homes) |
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| Price per sq ft | $176 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 $1,441/month with 20% down at a 7.28% 30-year fixed rate. You would need about $61,745 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,204/mo |
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| Property tax (new-buyer reassessed rate) | $154/mo |
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| Homeowners insurance | $82/mo |
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| Total monthly | $1,441/mo |
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| Down payment (20%) | $44,000 |
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| Income needed | $61,745/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 B+ (78 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 | B+ (78/100) |
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| Beats renting in | 43% of modeled paths |
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| Modeled 5-yr equity (median) | $136,521 |
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| Range (10th to 90th pct) | $88,952 to $192,864 |
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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 Estately