Street view of 6245 Emerald Lake Ct
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$2,400/mo
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6245 Emerald Lake Ct

Indianapolis IN 46221 · Single Family · built 2016
3 bd2.5 ba1,722 sqft
+39% Well above typical
Asking $2,400/mo · typical for 46221, 3 bd: $1,730/mo · HUD fair-market (market-adjusted) $1,574
How we check rent

Typical = the median of rentals asking right now with the same bedroom count in the same ZIP (our monthly comps). When there are too few comps we use HUD's FY2027 Small Area Fair Market Rent scaled by 0.82, the ratio Indianapolis landlords actually ask versus HUD. Orientation only, not a guarantee of any rent.

Is the rent fair?

The numbers (estimates, illustrative)

$2,400/moAsking rent
$1,730Typical asking · 46221 · 3 bd
+39%Well above typical
$1,574HUD fair-market rent · adjusted
$1.39Rent per sq ft / mo
84Days listed

The rent

Asking rent
$2,400/mo
Typical asking rent
$1,730/mo median of current listings, same ZIP + bedrooms
Difference
+39% Well above typical
HUD fair-market rent
$1,920/mo FY2027 Small Area FMR · adjusted $1,574
Rent per sq ft
$1.39/mo
Security deposit (typical)
$2,400 one month is the Indiana norm; ask the landlord

The property

Beds / baths
3 / 2.5
Living area
1,722 sq ft
Lot
7,841 sq ft
Year built
2016
Property type
Single Family
HOA
$25/mo
Flood zone
None (Zone X)
Registered rental
No

The listing

Source
Standard
MLS #
22110878
Listed
Jul 10, 2026
Days on market
84
Listing agent
Tiara Cooper · Carpenter Realtors, Northwest
3177171566 · tcoop23@icloud.com
Price history
No changes recorded
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Questions about this rental, the neighborhood, or what a fair rent is?

We own and manage rentals in Indianapolis ourselves. This listing is not ours, but ask anything and our team replies within one business day. Free.

All figures are illustrative estimates from the list price, public records, rent comps / HUD fair-market rent and assumed financing (75% LTV, ~7.5%, 30 yr, as of 2026-09-12). Not verified, not an offer, not investment advice. Triad Global, LLC is a real-estate investor, not a licensed brokerage. Listing data from public sources; verify everything before you bid. Equal Housing Opportunity.

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