5438 E 40th St, Indianapolis, IN 46226
Property image
Property image
OFF MARKET

$159,700

Trulia Estimate
  • 3 Beds
  • 1.5 Baths
  • 2,200 sqft

5438 E 40th St, Indianapolis, IN 46226

Devington
Est. Refi. Payment $1,026/mo*
Refinance Your Home
Currently Off Market - Sold Apr 13, 2011 for $20,501

Home Value

Trulia Estimate
$160K
Since last month
Decreased$400 (-0.2%)
Since last year
Decreased$11K (-6.3%)
Since last sale
Increased$139K (+680.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +196% in the last 10 years
MonthEstimated value
2026
August 2026$160K
August 2026$160K
July 2026$160K
June 2026$166K
May 2026$177K
April 2026$172K
March 2026$169K
February 2026$167K
January 2026$164K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3937 N Irvington Ave, Indianapolis, IN
0.09
Single-Family Home
$127,000
06/15/26
3
1.5
2,436
3946 N Layman Ave, Indianapolis, IN
0.08
Single-Family Home
$115,000
01/06/26
3
1.5
1,200
5426 Culver St, Indianapolis, IN
0.06
Single-Family Home
$179,000
05/04/26
3
1
1,728
3913 N Hawthorne Ln, Indianapolis, IN
0.20
Single-Family Home
$88,000
03/27/26
3
1.5
2,168
3951 N Audubon Rd, Indianapolis, IN
0.24
Single-Family Home
$162,500
09/05/25
3
1.5
2,436
4040 N Ritter Ave, Indianapolis, IN
0.10
Single-Family Home
$147,000
07/13/26
3
1.5
1,056
4143 Flamingo East Dr, Indianapolis, IN
0.25
Single-Family Home
$207,500
08/07/26
3
2
2,213
3845 N Irvington Ave, Indianapolis, IN
0.18
Single-Family Home
$239,900
01/16/26
4
2
2,376
3710 N Layman Ave, Indianapolis, IN
0.39
Single-Family Home
$130,000
04/24/26
3
1.5
2,196
5831 E 40th St, Indianapolis, IN
0.37
Single-Family Home
$128,500
07/27/26
3
1.5
2,080

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5425 Culver St, Indianapolis, IN 46226
0.03
$219,200
4
3
2,000
Off Market
5426 Culver St, Indianapolis, IN 46226
0.06
$179,000
3
1
1,728
Recently Sold
5437 N Glencoe St, Indianapolis, IN 46226
0.07
$145,700
4
1.5
1,152
Off Market
4040 N Ritter Ave, Indianapolis, IN 46226
0.10
$147,000
3
1.5
1,056
Recently Sold
5519 Glencoe St, Indianapolis, IN 46226
0.11
$145,000
3
1
864
For Sale
3934 N Whittier Pl, Indianapolis, IN 46226
0.06
$159,000
3
1.5
1,053
Off Market
3946 N Layman Ave, Indianapolis, IN 46226
0.08
$115,000
3
1.5
1,200
Recently Sold
3937 N Irvington Ave, Indianapolis, IN 46226
0.09
$127,000
3
1.5
2,436
Recently Sold
5432 E 41st St, Indianapolis, IN 46226
0.15
$189,400
3
1.5
988
Off Market
3954 N Lesley Ave, Indianapolis, IN 46226
0.13
$112,500
2
1
1,008
Off Market
3920 N Layman Ave, Indianapolis, IN 46226
0.12
$161,500
3
1.5
1,000
Off Market
4119 N Ritter Ave, Indianapolis, IN 46226
0.18
$162,200
3
1
1,280
Off Market

Local Information

  • Map ViewExplore the area around 5438 E 40th St.
  • Schools5 Preschool Schools9 Elementary Schools4 Middle Schools4 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1956
Living Area
2,200 sqft
Price/Sqft
$73
Parking
Garage

About this House

Updated Ranch In A Good Rental Area Or Great First Home.
5438 E 40th St, Indianapolis, IN 46226 is a 3 bedroom, 2 bathroom, 2,200 sqft single-family home in Devington, built in 1956. It last sold for $20,501 on Apr 13, 2011. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $159,700, with a rent estimate of $1,575/month.

Home Details for 5438 E 40th St

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Interior Details
Number of Rooms: 9Types of Rooms: Recreation Room
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Tile, Hardwood

Exterior Features

Exterior Home Features
Roof: OtherExterior: Wood, Brick
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1956Year Updated: 1956
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Community

Units in Building: 1

Lot Information

Lot Area: 7971 sqft

Price and Tax history

DateEventPrice
Oct 20, 2015
Source: Agent Provided
ListingRemoved
$65,000
Nov 20, 2014
Source: Agent Provided
Listed For Sale
$65,000
Sep 9, 2011
Source: Agent Provided
ListingRemoved
$54,900
Jul 16, 2011
Source: Agent Provided
Listed For Sale
$54,900
Apr 13, 2011
Source: MIBOR as distributed by MLS GRID #21110503
Sold
$20,501

Market trends in Indianapolis

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$251K
$10KMoM
Sale-to-List Price
99.6%
0.3%MoM
Price per sq ft
$145
$3MoM
Available listings
4043
154MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Devington
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Devington

At least 78 Trulia users voted on each feature.

  • 85 % Say yards are well-kept

  • 85 % Say parking is easy

  • 79 % Say car is needed

  • 74 % Say there are sidewalks

  • 71 % Say kids play outside

  • 64 % Say it's dog friendly

  • 60 % Say there's holiday spirit

  • 54 % Say it's quiet

  • 49 % Say they plan to stay for at least 5 years

  • 47 % Say it's walkable to grocery stores

  • 45 % Say neighbors are friendly

  • 40 % Say streets are well-lit

  • 34 % Say people would walk alone at night

  • 33 % Say it's walkable to restaurants

  • 29 % Say there's wildlife

  • 21 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Zedrickturnbough1978
    "I’ve been here for 1 week and I’ve walked my dogs everyday. I’ve never felt unsafe and the neighborhood is very quiet."
    0
    Flag
  • Cherie Ledford
    "Yeah, we have movie night we look out for each of the neighbors I have a dog he’s a Yorky. He weighs 4 pounds he won’t get any bigger and that’s the only animal I have I lived in Lawrence before and liked it."
    2
    Flag
  • Trulia User
    "It’s not a great area anymore my street has no sidewalks no bike trails no good street lights……….>………….."
    0
    Flag
  • Dtorres
    "We need more recreational areas for children. There is a park nearby but its always full with teens and adults playing basketball. A more family friendly park would be great."
    2
    Flag
  • JAnthanee L. B.
    "The commute is this area is typical like any other area in the city. You need a car to get back and forth. There is also two buses that come in the area that take you where you have to go. I just wish that they ran more often."
    4
    Flag
  • Dbueno3
    "Some houses don’t have fences so make sure that you are aware of some stray animals in the neighborhood "
    1
    Flag
  • Dbueno3
    "You have to be careful with other stray dogs around the neighborhood. They don’t seem to be vicious but you never know."
    3
    Flag
  • Spressne
    "I love living here - best kept secret on the East Side. Close to everything, yet stepping out of my door, I'm in the woods - could be in another country, you would never know! 12 years and counting!"
    26
    Flag
  • Chauncy R.
    "need car always traffic after 5pm. Public transportation sucks completely. 2 hour commute somewhere when relying on bus "
    1
    Flag
  • Shelottab
    "The neighbors look out for you but mind their own business at the same time. My neighbor picks up my packages while I’m at work and brings them over."
    25
    Flag
  • Reesecupsmith
    "I’ve lived in this neighborhood all my life. I feel very comfortable here. I think the property values have went down but it is still a good neighborhood "
    25
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5438 E 40th St

  • What is 5438 E 40th St estimated to be worth?
    Trulia's estimated value for 5438 E 40th St in Indianapolis, IN is $159,700.
  • What is the price history for 5438 E 40th St?
    5438 E 40th St in Indianapolis, IN last sold for $20,501 in April 2011.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $251K. That is up $10K from the prior month.
  • Does 5438 E 40th St have air conditioning?
    Yes, 5438 E 40th St in Indianapolis, IN has air conditioning.
  • How big is the lot at 5438 E 40th St?
    The lot at 5438 E 40th St in Indianapolis, IN is about 0.18 acres (7,971 sq ft).

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