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Single Family ResidenceResidential
$225,978$175 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 96How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

5538 RIVA RIDGE DR

INDIANAPOLIS, IN 46237
3
Beds
1
Baths
1,292 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.29 ac
Lot SizeThe size of the land the home sits on, from county records.
1979
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$226K
$217K low$235K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$205,978
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$164,782
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.9%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$20,000
HABITAT FOR HUMANITY OF GREATER INDIANAP · recorded Aug 12, 2014

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,083 (2024)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$208,300 (2024)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$29,600
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$178,700
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$208,300
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$208,300

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyMarion
Lot (acres)The size of the land the home sits on, from county records.0.29
ConstructionThe main material the home's frame and walls are built from.Masonry/Concrete Masonry Units (Cmus)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.Raised (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(5)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(4)

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Arlington Elementary SchoolC+
Elementary · Grades KG–3 · 1.3 mi
H
Franklin Central High SchoolA
High · Grades 9–12 · 3.4 mi
M
Franklin Central Junior High SchoolB
Middle · Grades 7–8 · 5.1 mi

District: Franklin Township Community School Corporation

Neighborhood · ZIP 46237These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.62
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.105
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.40

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.24%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.6.2%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.4%
PopulationHow many people live in this area.45,004
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,029 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$76,746
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$93,081
Average tempThe average temperature here across a full year.52°F
Annual precipHow much rain and melted snow falls here in a typical year.41 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.55%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

5538 Riva Ridge Dr measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 72% of homes in Indianapolis 46237
  • Costs more per square foot than 75% of homes in Indianapolis 46237
  • Smaller than 80% of homes in Indianapolis 46237
  • Has a bigger lot than 71% of homes in Marion County
  • Older than 72% of homes in Indianapolis 46237

What homes are worth in Indianapolis 46237

Each bar is how many homes fall in that price range. The marker is this home.

This home
$125K$582K

This home is worth more than 28% of homes in Indianapolis 46237.

How it measures up in Indianapolis 46237

The dot is this home. The mark in the middle is the typical home in Indianapolis 46237.

Estimated value$225,978
CheaperTypical $258,816Pricier

Pricier than 28% of homes nearby

Price per ft²$175
CheaperTypical $155Pricier

Pricier than 75% of homes nearby

Living area1,292 ft²
SmallerTypical 1,664 ft²Bigger

Bigger than 20% of homes nearby

Lot size0.29 ac
SmallerTypical 0.23 acBigger

Bigger than 68% of homes nearby

Year built1979
OlderTypical 1995Newer

Newer than 28% of homes nearby

How 5538 Riva Ridge Dr ranks against every home in each area.
MeasureThis homeI-65 / South EmersonIndianapolis 46237Marion County
Estimated valuepricier than$225,97841% of homes28% of homes48% of homes
Price per ft²pricier than$17573% of homes75% of homes74% of homes
Living areabigger than1,292 ft²25% of homes20% of homes36% of homes
Lot sizebigger than0.29 ac61% of homes68% of homes71% of homes
Year builtnewer than197940% of homes28% of homes64% of homes

About 5538 Riva Ridge Dr

How much is 5538 Riva Ridge Dr, Indianapolis, IN worth?

The TopHap Estimate for 5538 Riva Ridge Dr, Indianapolis, IN is $225,978 as of Jul 14, 2026. The likely range is $217,159 to $234,797. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5538 Riva Ridge Dr, Indianapolis, IN last sell?

5538 Riva Ridge Dr, Indianapolis, IN last sold on Aug 12, 2014, according to the county's recorded deed.

How big is 5538 Riva Ridge Dr, Indianapolis, IN?

5538 Riva Ridge Dr, Indianapolis, IN has 3 bedrooms, 1 bathrooms, 1,292 square feet of living space and a 0.29-acre lot.

When was 5538 Riva Ridge Dr, Indianapolis, IN built?

5538 Riva Ridge Dr, Indianapolis, IN was built in 1979, making it 47 years old. The building has 1 story.

What schools serve 5538 Riva Ridge Dr, Indianapolis, IN?

5538 Riva Ridge Dr, Indianapolis, IN is assigned to Arlington Elementary School (elementary), rated C+; Franklin Central High School (high), rated A; Franklin Central Junior High School (middle), rated B. All sit in Franklin Township Community School Corporation. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 5538 Riva Ridge Dr, Indianapolis, IN compare to other homes in Indianapolis 46237?

Among the 14,043 homes in Indianapolis 46237, it is worth more than 28% of them ($225,978 against a typical $258,816), its price per square foot is higher than 75% of them ($175 against a typical $155), it is bigger than 20% of them (1,292 ft² against a typical 1,664 ft²), its lot is bigger than 68% of them (0.29 ac against a typical 0.23 ac) and it is newer than 28% of them (1979 against a typical 1995). Measured against all of Marion County, it is worth more than 48% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 5538 Riva Ridge Dr, Indianapolis, IN?

The 2024 property tax bill for 5538 Riva Ridge Dr, Indianapolis, IN was $2,083. The county assessed it at $208,300.

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