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Hill Valley Estates · Indianapolis · Perry Township

Homes for Sale in Hill Valley Estates, Indianapolis

The busiest of the five Perry Township neighborhoods in this series, mostly one-story homes built in the 1960s and 1970s. Here is what homes sell for, how long they take, and what to check first.

The Hill Valley Estates market right nowSingle-family closings · 12 months through August 2026
52Sales, last 12 monthsPrior 12 months: 39
$281,950Median sale priceWas $280,000 the year before
19.5Median days on marketWas 10 the year before
97.7%Of list price, average48% sold at or above list
Middle 80% of sales ran $226,000 to $360,000; median $162 per living sq ft on a median 1,815 sq ft. “Last 12 months” is September 2025 through August 2026; the year before is September 2024 through August 2025. At 52 sales a year, one or two big closings move the median, so I pull actual comparables for any specific house. Source: MIBOR Broker Listing Cooperative, single-family closings with the MLS subdivision name Hill Valley Estates, pulled October 3, 2026.

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The honest version

What Hill Valley Estates Is Actually Like

Hill Valley Estates is in Perry Township, in the Perry Township Schools per MLS records. The homes that sold here in the last two years were mostly built between 1962 and 1978, mostly one-story homes.

The MLS shows 52 closings in the last 12 months against 39 the year before, at a median of $281,950, up from $280,000. Homes went under contract in a median of 19.5 days, up from 10, and closed at 97.7% of list on average, with 48% closing at or above list.

Hill Valley Estates's median sale was $281,950, up from $280,000. The middle 80% of sales ran $226,000 to $360,000 (MIBOR).

What you are actually buying: a one-story house, usually around 1,815 square feet and more than 40 years old. What you are giving up: newer construction and speed. Median days on market rose from 10 to 19.5, and the homes are 50 years old or more, so ask about the roof, HVAC and sewer line.

Live listings

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How it breaks down

What to Know Before You Buy in Hill Valley Estates

Dues, size range and a thin sample.

Dues and amenities

Association dues are not part of the MLS data behind this page, so I am not quoting a number. Ask the listing agent for the current dues and what they cover, then confirm with the association itself.

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A wide size range

Homes here ran from about 1,412 to 2,639 square feet in the last two years, so a price per square foot of $162 is a better comparison than the sale price alone.

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Build years

Homes here were built between about 1962 and 1978, so check the year built of any comparable you rely on.

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A small sample

At 52 sales in 12 months, one or two unusual closings can move the median. I pull actual comparables for any specific house.

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Schools & the ballot

Perry Township Schools

Hill Valley Estates sales in the MLS list Perry Township Schools as the district. Which elementary, middle and high school an address feeds into can change with boundary updates, so confirm the assignment for the specific address with the district.

The ballot

Voters first approved an operating referendum in May 2015 and renewed it in May 2022 for eight years at about 42 cents per $100 of assessed value, roughly $19.3 million a year. That rate is already on the tax bill. I found no Perry Township Schools question on the November 3, 2026 ballot, though the state list I checked may not be complete. Referendum rates sit outside the 1% cap.

Living here

The Drive, Taxes & Fit

The drive

Drive your actual commute at your actual start time before you commit.

Taxes

Indiana caps homestead property tax at 1% of gross assessed value under the circuit breaker, so most owner-occupants land at or near that figure before any voter-approved referendum rate, which sits outside the cap. Rentals and second homes are capped at 2% and should be modeled separately. Marion County's local income tax is 2.02%, per the Indiana Department of Revenue's county rate notice effective October 1, 2026. Confirm assessments with the Marion County Assessor.

Who Hill Valley Estates is wrong for

If you want a lower entry price, compare Holly Hills, which sold at a median of $235,500. If you want a newer house, see The Villages of Cobblestone. For all of Perry Township, see my Perry Township guide.

Questions I get weekly

Buying in Hill Valley Estates

What do homes in Hill Valley Estates sell for?

The median single-family sale in Hill Valley Estates was $281,950 over the 12 months through August 2026, on 52 closings, and the middle 80% of sales ran $226,000 to $360,000 (MIBOR BLC).

How fast do Hill Valley Estates homes sell?

The median was 19.5 days on market over the last 12 months, against 10 the year before, and 48% of homes closed at or above list price.

How much are Hill Valley Estates HOA dues?

Dues are not part of the MLS data behind this page. Ask the listing agent and confirm with the association.

What school district serves Hill Valley Estates?

Perry Township Schools in MLS records. Confirm the specific school assignment for the address with the district.

When were homes in Hill Valley Estates built?

Most homes that sold in the last two years were built between 1962 and 1978, with a median build year of 1968.

Is there a school referendum near Hill Valley Estates?

Voters first approved an operating referendum in May 2015 and renewed it in May 2022 for eight years at about 42 cents per $100 of assessed value, roughly $19.3 million a year. That rate is already on the tax bill. I found no Perry Township Schools question on the November 3, 2026 ballot, though the state list I checked may not be complete. Referendum rates sit outside the 1% cap.

Your Realtor

Thinking About Hill Valley Estates? Let's Talk.

I'm Wes Johnston, a Realtor with Trueblood Real Estate, based in Fishers. I cover the whole Indianapolis metro, and every guide on this site is built the same way: MIBOR numbers, public sources, and the trade-offs a listing description won't mention.

My job isn't to open doors. It's to tell you what a house is actually worth, what's wrong with it, and whether it's the right move for what you're trying to do — then negotiate hard on your behalf and own the process from contract to close.

If you're two years out, that's fine. Most of my best clients started with a question, not a showing.

Wes Johnston
REALTOR® · Trueblood Real Estate · License #RB18001276

Fishers-based. Honest numbers, every part of the metro. Committed to your success.

For buyers

See Hill Valley Estates Listings the Day They List

About 52 homes sold here in the last year. A saved search gets you each new Hill Valley Estates listing the morning it hits the market.

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For sellers

What's Your Hill Valley Estates Home Worth?

Not a national algorithm guessing from square footage. A real valuation based on what's actually selling near you, from someone who has been inside those houses.