6132 Paperbark Way, Indianapolis, IN, 46259
About This Home
Discover this stunning new construction home at 6132 Paperbark Way in Indianapolis, built by M/I Homes. This thoughtfully designed 4-bedroom, 2.5-bathroom home offers 2,321 square feet of comfortable living space with an open-concept floorplan perfect for daily life and entertaining. Key Features: 2.5-car garage Study upgrade Electric fireplace in the gathering room Owner's en-suite bathroom This home showcases M/I Homes' commitment to quality construction and thoughtful design. The open-concept living space creates an inviting atmosphere where families can gather and create lasting memories. The upstairs owner's bedroom provides a private retreat, while the additional 3 bedrooms offer flexibility for family members, guests, or home office space. The neighborhood setting provides excellent access to Indianapolis parks, making it ideal for families who enjoy outdoor activities and recreational opportunities. The quality design elements incorporated throughout the home reflect attention to detail and craftsmanship that M/I Homes is known for delivering. With 2,321 square feet of thoughtfully planned space, this new construction home offers the perfect combination of comfort, functionality, and quality design in a prime Indianapolis location. Contact our team to learn more about 6132 Paperbark Way!
Getting Around
Car-Dependent
No Nearby Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: New Construction,Under Construction
- New construction: Yes
- Year built: 2026
Other
- Builder name: M/I Homes
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Interior Area
- Total interior livable area: 2,321 sqft
Property
Features
- Levels: 2.0
- Stories: 2
Parking
- Total spaces: 2
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Inland Flooding
- Tornado
- Lightning
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,022 | $24,264 |
| Home Insurance * | $183 | $2,196 |
| Property Taxes | $296 | $3,552 |
| Electricity | $212 | $2,553 |
| Total | $2,713 | $32,556 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
Wildfire
HailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Price change | $413,990 |
| 2026-03-27 | Price change | $423,410 |
| 2026-02-22 | Price change | $422,410 |
| 2026-01-23 | Price change | $408,400 |
| 2026-01-21 | Listed for sale | $407,400 |
View on Zillow