Median sale price
$315,000Regional benchmark
All neighborhoods
Downtown - Indianapolis
Herron-Morton Place, Indianapolis real estate guide
Herron-Morton Place, Indianapolis real estate guide with median sale price $315,000, $155/sqft, 15 days on market, home styles, schools, amenities, and FAQs.
Housing market stats
Median price and housing data for Herron-Morton Place
MIBOR benchmark: April 2026 / Indiana REALTORS Housing Hub / MIBOR one-page reports / MIBOR Association benchmark / Regional benchmark / Data pulled May 22, 2026
No Redfin rows matched Indianapolis, IN - Herron Morton. Using the Central Indiana/MIBOR benchmark for Herron-Morton Place until exact neighborhood data is reviewed.
Median price / sqft
$155/sqftRegional benchmark
Median days on market
15Typical market speed
MIBOR price per sqft
$155MIBOR Association benchmark
Neighborhood overview
What to know about Herron-Morton Place
Herron-Morton Place sits north of downtown between Meridian and Central, framed by Fall Creek to the south and 22nd to the north. It is a designated historic district with a high concentration of architecturally distinctive homes and a long-running pattern of careful restoration by owner-occupants.
The housing stock is dominated by Victorians, foursquares, and restored late-1800s and early-1900s homes. Townhomes and a small amount of newer infill complete the mix. Lot sizes are tighter than Meridian-Kessler but the architectural quality is often higher per square foot.
This page uses the broader MIBOR benchmark where exact neighborhood-level sales data is limited. The April 2026 benchmark shows about $155 per square foot at a 15-day median days on market. For a specific address, pull recent sales from a tighter geography.
It fits buyers who want restored historic homes, owners who value architectural character over square footage, and sellers of distinctive properties that can hit the buyer pool willing to pay for that character. Tradeoffs: historic district requirements affect exterior changes, maintenance budget on older homes is real, and parking is on-street.
For investors, the price point and historic district constraints make this less of a rental play than a renovation-and-resale opportunity for the right operator.
Recent articles
1 article on Herron-Morton Place
Herron-Morton Place FAQ
Herron-Morton Place questions, straight answers.
Quick answers about buying, selling, and investing in Herron-Morton Place. Still deciding? Book a consultation and ask a Roots agent directly.
Book a Consultation →What is the median sale price in Herron-Morton Place?
The current median sale price shown for Herron-Morton Place, Indianapolis is $315,000. This figure comes from Indiana REALTORS Housing Hub / MIBOR one-page reports (MIBOR Association benchmark). It is a regional benchmark, not an exact neighborhood boundary.
What is the median price per square foot in Herron-Morton Place?
The current median price per square foot shown for Herron-Morton Place, Indianapolis is $155/sqft. Price per square foot can swing by condition, layout, lot, updates, parking, and exact block.
What types of homes are common in Herron-Morton Place?
Herron-Morton Place is dominated by Victorians, foursquares, and restored late-1800s and early-1900s homes, with some townhomes and selective infill. Architectural quality per square foot is often higher than neighboring areas, which drives the price ceiling.
Is Herron-Morton Place a historic district?
Yes. Herron-Morton Place is a designated historic district, which means exterior changes go through a review process. Buyers and sellers should factor that into renovation plans and timeline expectations.
Is Herron-Morton Place a good place to buy a home?
It fits buyers who want a restored historic home with proximity to Mass Ave and downtown. The right block, condition, and historic-detail preservation matter more than the broader median. Maintenance budget on older homes is real.
Is Herron-Morton Place good for real estate investors?
The price point and historic district constraints make this less of a rental yield play. The more common operator path is renovation-and-resale for owner-occupant buyers willing to pay for restored character. Underwrite the renovation scope and historic-district timeline carefully.
What should sellers know about pricing in Herron-Morton Place?
Comp work needs to identify the right tier of restored homes. A fully restored Victorian on a quiet block prices very differently than a project home of similar square footage. Presentation and an accurate condition narrative drive the right list price.
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