The lowest-priced of the five Indianapolis neighborhoods in this series, mostly small one-story homes, with a median sale of $186,500. Here is what homes sell for, how long they take, and what to check first.
Start with the map. Filter by price, beds, and neighborhood.
Montrose is in Washington Township, in the Indianapolis Public Schools per MLS records. The homes that sold here in the last two years were mostly built between 1922 and 1956, mostly one-story homes.
The MLS shows 16 closings in the last 12 months against 11 the year before, at a median of $186,500, up from $186,000. Homes went under contract in a median of 15 days, up from 12, and closed at 96.7% of list on average, with 50% closing at or above list.
What you are actually buying: a small one-story house, usually around 915 square feet and more than 40 years old. What you are giving up: a big sample. At 16 sales in 12 months, one or two closings move the median.
Every search below is live MLS data. Save one and you'll get new matches by email the morning they list.
Dues, size range and a thin sample.
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.
See homes →Homes here ran from about 720 to 1,438 square feet in the last two years, so a price per square foot of $188 is a better comparison than the sale price alone.
See homes →Homes here were built between about 1922 and 1956, so check the year built of any comparable you rely on.
See homes →At 16 sales in 12 months, one or two unusual closings can move the median. I pull actual comparables for any specific house.
See homes →Montrose sales in the MLS list Indianapolis Public 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 Indianapolis Public Education Corporation, a new appointed board created by state law in 2026, has an operating referendum on the November 3, 2026 ballot for addresses inside the IPS boundary: up to 37.2 cents per $100 of assessed value for up to four years, capped at $95 million a year, with the revenue split between IPS and participating charter schools. The ballot estimates $221 a year on a $150,000 median home. It replaces the 2018 IPS referendum rate of 19.6 cents, which expires in December 2026. IPS crosses township lines, and some addresses nearby are served by other districts, so confirm the district for the address. Referendum rates sit outside the 1% cap.
Drive your actual commute at your actual start time before you commit.
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.
If you want a larger house, compare Warfleigh, where the median home was about 1,605 square feet. If you want a newer house, see Northdale. For all of Indianapolis, see my Indianapolis guide.
The median single-family sale in Montrose was $186,500 over the 12 months through August 2026, on 16 closings, and the middle 80% of sales ran $137,250 to $278,450 (MIBOR BLC).
The median was 15 days on market over the last 12 months, against 12 the year before, and 50% of homes closed at or above list price.
Dues are not part of the MLS data behind this page. Ask the listing agent and confirm with the association.
Indianapolis Public Schools in MLS records. Confirm the specific school assignment for the address with the district.
Most homes that sold in the last two years were built between 1922 and 1956, with a median build year of 1943.
The Indianapolis Public Education Corporation, a new appointed board created by state law in 2026, has an operating referendum on the November 3, 2026 ballot for addresses inside the IPS boundary: up to 37.2 cents per $100 of assessed value for up to four years, capped at $95 million a year, with the revenue split between IPS and participating charter schools. The ballot estimates $221 a year on a $150,000 median home. It replaces the 2018 IPS referendum rate of 19.6 cents, which expires in December 2026. IPS crosses township lines, and some addresses nearby are served by other districts, so confirm the district for the address. Referendum rates sit outside the 1% cap.
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.
Fishers-based. Honest numbers, every part of the metro. Committed to your success.
About 16 homes sold here in the last year. A saved search gets you each new Montrose listing the morning it hits the market.
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