Google street view image for 516 S Rural St, Indianapolis, IN 46203

OFF MARKET

$64,674

•

— ba

•

720

sq ft

516 S Rural St, Indianapolis, IN 46203

About this home

516 S Rural St is a 720 square foot house on a 5,401 square foot lot with 2 bedrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $64,674.

Single-familyProperty Type

1951Year Built

5,401 sq ftLot Size

$90Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$64,674

$11K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 54% lower than the average sale price ($141K) of 6 comparable homes.

SOLD JUL 6, 2026
$174,000
A
2 beds2 baths936 sq ft
2315 Spann Ave, Indianapolis, IN 46203
SOLD NOV 18, 2025
$148,000
B
2 beds1 bath720 sq ft
524 S Rural St, Indianapolis, IN 46203
SOLD MAR 27, 2026
$177,000
C
2 beds1 bath720 sq ft
2217 Spann Ave, Indianapolis, IN 46203
SOLD OCT 24, 2025
$95,000
D
2 beds1 bath720 sq ft
520 S Rural St, Indianapolis, IN 46203
SOLD MAR 30, 2026
$140,000
E
2 beds2 baths1,260 sq ft
2820 English Ave, Indianapolis, IN 46201
SOLD MAY 28, 2026
$109,900
F
3 beds1.5 baths1,640 sq ft
524 Leeds Ave, Indianapolis, IN 46203

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in 46203, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

96.6%

0.0% MoM

Median sale price

$192K

$8K MoM

Avg. days on market

32d

6 days MoM

Recently sold homes

185

22 MoM

New listings for sale

$225,000
4 beds2 baths1,586 sq ft
710-712 E Pleasant Run Parkway North Dr, Indianapolis, IN 46203
NEW 4 HRS AGO
$349,900
4 beds2.5 baths3,542 sq ft
1401 Leonard St, Indianapolis, IN 46203
NEW 15 HRS AGO
$325,000
4 beds2 baths2,226 sq ft
2945 S Kenmore Rd, Indianapolis, IN 46203
NEW 23 HRS AGO
$289,000
3 beds2 baths2,204 sq ft
1151 S Randolph St, Indianapolis, IN 46203
$190,000
3 beds1 bath1,200 sq ft
2702 S Randolph St, Indianapolis, IN 46203
$295,000
4 beds2 baths2,257 sq ft
607 Orange St, Indianapolis, IN 46203
$198,000
3 beds1 bath1,040 sq ft
1309 S Hawthorne, Indianapolis, IN 46203
OPEN SAT, 12PM TO 2PM
$218,500
2 beds1 bath1,524 sq ft
2310 S Sheridan Ave, Indianapolis, IN 46203
$329,000
3 beds2 baths2,947 sq ft
1705 Woodlawn Ave, Indianapolis, IN 46203
OPEN SAT, 11AM TO 1PM
$600,000
3 beds3 baths2,609 sq ft
1130 Linden St, Indianapolis, IN 46203
See all

Provided by Redfin

Sale history for 516 S Rural St

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2025

$1,243 (+11.5%)

$6,300 + $42,700

$49,000

2024

$1,115 (−18.8%)

$6,300 + $36,900

$43,200

2023

$1,373 (+6.3%)

$6,300 + $36,900

$43,200

2022

$1,292 (+18.6%)

$6,300 + $36,900

$43,200

2021

$1,089 (+27.3%)

$6,300 + $32,900

$39,200

2020

$856 (+19.0%)

$6,300 + $32,900

$39,200

2019

$719 (+3.3%)

$6,300 + $27,500

$33,800

2018

$696 (+11.7%)

$2,400 + $25,100

$27,500

2017

$623 (+3.2%)

$2,400 + $23,500

$25,900

2016

$604 (+4.3%)

$2,400 + $23,500

$25,900

2015

$579 (−4.6%)

$2,400 + $23,200

$25,600

2014

$607 (+7.4%)

$2,400 + $24,200

$26,600

2013

$565

$2,400 + $25,900

$28,300

Tax history for 516 S Rural St

Year

Property tax

Land + Additions

Assessment*

2025

$1,243 (+11.5%)

$6,300 + $42,700

$49,000

2024

$1,115 (−18.8%)

$6,300 + $36,900

$43,200

2023

$1,373 (+6.3%)

$6,300 + $36,900

$43,200

2022

$1,292 (+18.6%)

$6,300 + $36,900

$43,200

2021

$1,089 (+27.3%)

$6,300 + $32,900

$39,200

2020

$856 (+19.0%)

$6,300 + $32,900

$39,200

2019

$719 (+3.3%)

$6,300 + $27,500

$33,800

2018

$696 (+11.7%)

$2,400 + $25,100

$27,500

2017

$623 (+3.2%)

$2,400 + $23,500

$25,900

2016

$604 (+4.3%)

$2,400 + $23,500

$25,900

2015

$579 (−4.6%)

$2,400 + $23,200

$25,600

2014

$607 (+7.4%)

$2,400 + $24,200

$26,600

2013

$565

$2,400 + $25,900

$28,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning and permits

Zoning
Permits

COMPACT

Dwelling District Five

The D-5 district is intended for medium and large- lot housing formats, primarily for detached houses, but may incorporate small- scale multi- unit building types in strategic locations. This district can be used for new, walkable suburban neighborhoods or for infill situation in established urban areas, including both low density and medium density residential recommendations of the Comprehensive Plan, and the Suburban Neighborhood and Traditional Neighborhood Typologies of the Land Use Pattern Book.

Zone overlays

Compact Context Area

Permitted uses

Include but are not limited to:

Housing-Group
Housing-Single unit
Housing-Multiple units
Communications tower
Housing-Mobile home park
Park & open space

Feb 17, 2026 • Active

Right of way permit-excavation

Install a new sewer manhole casting in a paved area. Cut the pavement and set the new casting using epoxy rebar and concrete with a brushed finish.

Grading

Plumbing

Aug 2, 2023 • Final

Right of way permit-excavation

Gas

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Heating & Cooling
Heating Type: Warm Air

Room Information
# of Rooms: 5

Exterior

Exterior Information
Physical Condition: Fair
Construction Type: Wood
Building Type: Single Family

Property Information
Subdivision Name: CANBY HOME PLACE ADD
Living Sq. Ft: 720
Adjusted Gross Sq. Ft: 720
Ground Floor Sq. Ft: 720
Building Sq. Ft: 720
# of Stories: 1
Legal Description: CANBY HOME PLACE ADD L156

Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 484
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 5,401
Legal Lot Number: 156
Municipality Name: INDIANPOLIS,CENTER
Acres: 0.124
Depth Footage: 135
Front Footage: 40
County Use Description: ONE FAMILY DWLG ON PLAT LOT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 2
Baths: —
Sq. Ft.: 720
Stories: 1.0
Lot Size: 5,401 square feet
Style: Single Family Residential
Year Built: 1951
Year Renovated: 1973
County: Marion County
APN: 491008132128000101

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

William McKinley School 39

Public PreK-5 • Assigned • 0.7mi

6/10

Arsenal Technical High School

Public 9-12 • Assigned • 1.5mi

2/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

4/10 Heat Factor

7 days above 101° expected this year, 19 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

4/10 Air Factor

5 unhealthy days expected this year, 7 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46203

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$62,000 – $75,000

Sell confidently with a local market expert in Indianapolis. 3 minutes to get started.

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NEW 4 HRS AGO

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NEW 15 HRS AGO

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$218,500

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$329,000

3 beds2 baths2,947 sq ft

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Home values near 516 S Rural St

Data from public records.

Address	Redfin Estimate
532 S Rural Street, Indianapolis, IN 2 Beds \| - Baths \| 1080 Sq. Ft.	$64,515
540 S Rural Street, Indianapolis, IN 2 Beds \| - Baths \| 720 Sq. Ft.	$103,384

Address	Redfin Estimate
544 S Rural Street, Indianapolis, IN 2 Beds \| - Baths \| 1080 Sq. Ft.	$132,566
536 S Rural Street, Indianapolis, IN 2 Beds \| - Baths \| 720 Sq. Ft.	$168,905

Address	Redfin Estimate
552 S Rural Street, Indianapolis, IN 2 Beds \| - Baths \| 720 Sq. Ft.	$95,564
520 S Rural Street, Indianapolis, IN 2 Beds \| 1 Baths \| 720 Sq. Ft.	$147,946

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