OFF MARKET
Google street view image for 5550 W Thompson Rd, Indianapolis, IN 46221
OFF MARKET
$227,756
3
bd
•
— ba
•
1,524
sq ft

5550 W Thompson Rd, Indianapolis, IN 46221

map-entry

About this home

5550 W Thompson Rd is a 1,524 square foot house on a 0.35 acre lot with 3 bedrooms. Based on Redfin's Indianapolis data, we estimate the home's value is $227,756.
Single-familyProperty Type
1968Year Built
0.35 acresLot Size
$149Est. Price/Sq.Ft.
Source:Public Records

Redfin Estimate

$227,756
$2,000 since August

This home's estimate is 3.9% lower than the average sale price ($237K) of 6 comparable homes.

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Earn from this home

Sell
$212,598
Est. take-home

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Market trends in 46221, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price
97.6%

0.4% MoM

Median sale price
$220K

$11K MoM

Avg. days on market
25d

6 days MoM

Recently sold homes
112

10 MoM

New listings for sale

Provided by Redfin

Sale history for 5550 W Thompson Rd

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

Tax history for 5550 W Thompson Rd

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

Zoning

D3

METRO

AIRSPACE SECONDARY ZONING DISTRICT

Dwelling District Three

The D-3 District provides for low or medium intensity residential development. Land in this District should have good thoroughfare access, be relatively flat in topography, and be afforded pedestrian linkages to community and neighborhood services and facilities (schools, parks, shopping areas, etc.). Recreational facilities developed for the neighborhood complement the treed yards on the individual lots. Predominantly single-family detached dwellings are envisioned with two-family dwellings on corner lots in this District. The D-3 District has a typical density of 2.6 units per gross acre. This District fulfills the low density residential classification of the Comprehensive General Land Use Plan. All public utilities and facilities must be present. Development plans, which may include the use of clustering, should incorporate and promote environmental and aesthetic considerations, working within the constraints and advantages presented by existing site considerations, including vegetation, topography, drainage and wildlife.
Zone overlays
  • Metro Context Area
  • Airspace Secondary Zoning District
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

Property details

Around this home

Schools

Valley Mills Elementary School

Public K-6 • Assigned • 0.6mi

6/10
Decatur Middle School

Public 7-8 • Assigned • 1.0mi

3/10
Decatur Central High School

Public 9-12 • Assigned • 1.0mi

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 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46221
Average low and high temperatures (°F)
33
18
43
26
62
40
69
49
72
54
83
66
87
72
83
65
81
60
71
49
54
39
42
28
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
$217,000 – $262,000

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5640 W Thompson Rd, Indianapolis, IN 46221

Home values near 5550 W Thompson Rd

Data from public records.

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