Google street view image for 5340 W Ralston Rd, Indianapolis, IN 46221

Off market

$209,523

•

1,250

sq ft

5340 W Ralston Rd, Indianapolis, IN 46221

About this home

5340 W Ralston Rd is a 1,250 square foot house on a 0.49 acre lot with 3 bedrooms and 1 bathroom. Based on Redfin's Indianapolis data, we estimate the home's value is $209,523.

Single-familyProperty Type

1978Year Built

0.49 acresLot Size

$168Est. Price/Sq.Ft.

2 spacesParking

Source:Public Records

Redfin Estimate

$209,523

$2,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 9.6% lower than the average sale price ($232K) of 6 comparable homes.

SOLD JUN 2, 2026
$239,900
A
3 beds2 baths1,221 sq ft
5617 Simmul Ln, Indianapolis, IN 46221
SOLD JUL 13, 2026
$235,000
B
3 beds2 baths1,390 sq ft
5558 Jillison, Indianapolis, IN 46221
SOLD AUG 7, 2026
$235,000
C
3 beds2 baths1,326 sq ft
7216 Snider Ct, Indianapolis, IN 46221
SOLD JUL 2, 2026
$255,000
D
3 beds2 baths1,495 sq ft
5543 Alcott Ln, Indianapolis, IN 46221
SOLD MAY 1, 2026
$235,000
E
3 beds1.5 baths1,368 sq ft
6839 Chauncey Dr, Indianapolis, IN 46221
SOLD MAY 28, 2026
$190,000
F
3 beds1 bath1,244 sq ft
7047 Gimbel Ct, Indianapolis, IN 46221

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

Earn from this home

Sell

$195,412

Est. take-home

List your home with Redfin and save $2,095

Rent

$1,499/mo

Redfin rental estimate

List your home for rent

Market trends in 46221, IN

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

97.8%

+0.1% MoM

Median sale price

$224K

$7K MoM

Avg. days on market

22d

1 days MoM

Recently sold homes

103

8 MoM

New listings for sale

OPEN SUN, 3PM TO 5PM
$239,900
4 beds2.5 baths2,382 sq ft
4045 Harmony, Indianapolis, IN 46221
$245,000
3 beds2 baths1,478 sq ft
6612 Greenspire Pl, Indianapolis, IN 46221
$245,900
3 beds1.5 baths1,826 sq ft
4110 Floyd Dr, Indianapolis, IN 46221
$195,000
3 beds2 baths1,348 sq ft
3480 Foltz St, Indianapolis, IN 46221
$139,900
3 beds2 baths1,998 sq ft
1011 S Tremont St, Indianapolis, IN 46221
$250,000
4 beds2 baths1,188 sq ft
6655 Cordova Dr, Indianapolis, IN 46221
$349,900
3 beds2.5 baths2,824 sq ft
652 Marion, Indianapolis, IN 46221
$194,900
3 beds1.5 baths1,064 sq ft
5505 Furnas Ct, Indianapolis, IN 46221
$134,900
2 beds1 bath900 sq ft
3317 S Lyons Ave, Indianapolis, IN 46221
OPEN SAT, 10AM TO 12PM
$420,000
4 beds3.5 baths2,380 sq ft
5050 W Epler Rd, Indianapolis, IN 46221
See all

Provided by Redfin

Sale history for 5340 W Ralston Rd

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

Year

Property tax

Land + Additions

Assessment*

2025

$1,281 (−21.0%)

$16,700 + $147,800

$164,500

2024

$1,622 (+23.9%)

$16,700 + $153,700

$170,400

2023

$1,309 (+11.1%)

$16,700 + $153,700

$170,400

2022

$1,178 (+21.8%)

$16,700 + $139,900

$156,600

2021

$968 (+53.2%)

$16,700 + $104,800

$121,500

2020

$631 (+26.8%)

$16,700 + $104,800

$121,500

2019

$498 (+9.3%)

$16,700 + $96,700

$113,400

2018

$455 (−59.0%)

$16,700 + $84,500

$101,200

2017

$1,111 (+1.8%)

$16,700 + $75,200

$91,900

2016

$1,091 (+12.7%)

$16,700 + $75,200

$91,900

2015

$968 (+102.9%)

$16,700 + $73,800

$90,500

2014

$477 (+2.1%)

$16,700 + $71,600

$88,300

2013

$467

$16,700 + $74,600

$91,300

Tax history for 5340 W Ralston Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,281 (−21.0%)

$16,700 + $147,800

$164,500

2024

$1,622 (+23.9%)

$16,700 + $153,700

$170,400

2023

$1,309 (+11.1%)

$16,700 + $153,700

$170,400

2022

$1,178 (+21.8%)

$16,700 + $139,900

$156,600

2021

$968 (+53.2%)

$16,700 + $104,800

$121,500

2020

$631 (+26.8%)

$16,700 + $104,800

$121,500

2019

$498 (+9.3%)

$16,700 + $96,700

$113,400

2018

$455 (−59.0%)

$16,700 + $84,500

$101,200

2017

$1,111 (+1.8%)

$16,700 + $75,200

$91,900

2016

$1,091 (+12.7%)

$16,700 + $75,200

$91,900

2015

$968 (+102.9%)

$16,700 + $73,800

$90,500

2014

$477 (+2.1%)

$16,700 + $71,600

$88,300

2013

$467

$16,700 + $74,600

$91,300

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

Zoning

METRO

Dwelling Agriculture District

The D-A District holds the agricultural lands of Marion County and provides for a variety of agricultural uses. It is intended to provide for animal and poultry husbandry, farming, cultivation of crops, dairying, pasturage, floriculture, horticulture, viticulture, apiaries, aquaculture, hydroponics, together with necessary, accompanying accessory uses, buildings, or structures for housing, packing, treating, or storing said products; or lands devoted to a soil conservation or forestry management program. A single-family dwelling is intended to be permitted as a part of such agricultural uses. A secondary provision of this District is large estate development of single-family dwellings. This District fulfills the very low density residential classification of the Comprehensive General Land Use Plan. This District does not require public water and sewer facilities.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

Agriculture
Housing-Group
Housing-Single unit
Research & development
Communications tower
Veterinary clinic
Park & open space

Property details

Interior

Heating & Cooling
Air Conditioning Type: Central

Room Information
# of Rooms: 8

Exterior

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

Property Information
Living Sq. Ft: 1,250
Adjusted Gross Sq. Ft: 1,250
Ground Floor Sq. Ft: 1,250
Building Sq. Ft: 1,570
# of Stories: 1
Legal Description: PT SE1/4 NE1/4 S24 T14 R2 BEG 745' E OF SW COR N225' E95' S225' W95' TO BEG 0.491AC

Parking & Garage Information
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 320
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 21,388
Municipality Name: DECATUR, OUTSIDE
Acres: 0.491
County Use Description: 1 FAM DWLG ON UNPLAT 0-9.99AC

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 3
Baths: 1.0
Sq. Ft.: 1,250
Stories: 1.0
Parking Spaces: 2
Basement: No
Accessible: No
Lot Size: 0.49 acres
Style: Single Family Residential
Year Built: 1978
Year Renovated: 2020
County: Marion County
APN: 491324106022000200
HOA Dues: —
Garage: Yes
Features: —

Home facts updated by owner on Oct 11, 2021

Around this home

Schools

West Newton Elementary School

Public K-6 • Assigned • 1.6mi

5/10

Decatur Middle School

Public 7-8 • Assigned • 3.5mi

3/10

Decatur Central High School

Public 9-12 • Assigned • 3.4mi

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

3/10 Heat Factor

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

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46221

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 9.6 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.6 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$192,000 – $232,000

Reach more buyers when you sell with Redfin. Save up to $2,095 in fees. 3 minutes to get started.

Need the cash from your home fast? Sell to .

Nearby similar homes

$299,900

3 beds2 baths1,504 sq ft

5706 W Southport Rd, Indianapolis, IN 46221

$280,000

3 beds2 baths2,816 sq ft

6302 W Loretta Dr, Indianapolis, IN 46221

3D WALKTHROUGH

$205,000

4 beds2 baths1,192 sq ft

6864 Cordova Dr, Indianapolis, IN 46221

$229,900

4 beds2 baths1,325 sq ft

7414 Trotter Rd, Camby, IN 46113

NEW CONSTRUCTION

$322,070

4 beds2.5 baths2,053 sq ft

8530 Sand Dunes Ave, Camby, IN 46113

OPEN SAT, 12PM TO 2PM

$225,000

3 beds2 baths1,187 sq ft

5135 Milhouse Rd, Indianapolis, IN 46221

New listings for sale in 46221

OPEN SUN, 3PM TO 5PM

$239,900

4 beds2.5 baths2,382 sq ft

4045 Harmony, Indianapolis, IN 46221

$245,000

3 beds2 baths1,478 sq ft

6612 Greenspire Pl, Indianapolis, IN 46221

$245,900

3 beds1.5 baths1,826 sq ft

4110 Floyd Dr, Indianapolis, IN 46221

$195,000

3 beds2 baths1,348 sq ft

3480 Foltz St, Indianapolis, IN 46221

$139,900

3 beds2 baths1,998 sq ft

1011 S Tremont St, Indianapolis, IN 46221

$250,000

4 beds2 baths1,188 sq ft

6655 Cordova Dr, Indianapolis, IN 46221

$349,900

3 beds2.5 baths2,824 sq ft

652 Marion, Indianapolis, IN 46221

$194,900

3 beds1.5 baths1,064 sq ft

5505 Furnas Ct, Indianapolis, IN 46221

$134,900

2 beds1 bath900 sq ft

3317 S Lyons Ave, Indianapolis, IN 46221

Home values near 5340 W Ralston Rd

Data from public records.

Address	Redfin Estimate
5404 W Ralston Road, Indianapolis, IN 3 Beds \| 3 Baths \| 4544 Sq. Ft.	$689,462
5434 W Ralston Road, Indianapolis, IN 4 Beds \| 1 Baths \| 2760 Sq. Ft.	$486,552

Address	Redfin Estimate
5446 W Ralston Road #0, Indianapolis, IN 3 Beds \| 2 Baths \| 1121 Sq. Ft.	$216,231
5640 W Ralston Road, Indianapolis, IN 3 Beds \| - Baths \| 1144 Sq. Ft.	$233,470

Address	Redfin Estimate
5410 W Ralston Road, Indianapolis, IN 3 Beds \| - Baths \| 1461 Sq. Ft.	$234,194
5548 W Ralston Road, Indianapolis, IN 3 Beds \| 1 Baths \| 1707 Sq. Ft.	$262,508

This data may not show owner updates. Learn more.

More real estate resources

Neighborhoods
Minor Civil Divisions
Zip Codes
Cities
Popular Searches

Airport District homes for sale
West Newton homes for sale

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

Franklin Township homes for sale
Lawrence Township homes for sale
Pike Township homes for sale
Washington Township homes for sale
Center Township homes for sale

46226 homes for sale
46227 homes for sale
46237 homes for sale
46143 homes for sale
46220 homes for sale

Houses for rent in Indianapolis	Agents near me	Munster, IN homes for sale	Indianapolis Housing Market
Houses for sale near me	Indianapolis, IN homes for sale	Zionsville, IN homes for sale
Land for sale near me	Carmel, IN homes for sale	Crown Point, IN homes for sale
Open Houses near me	Fishers, IN homes for sale	Indianapolis Property Records
Condos for sale near me	Hammond, IN homes for sale	IN New Listings

Fishers homes for sale
Zionsville homes for sale
Carmel homes for sale