ZIP comparison · Indianapolis-Carmel-Greenwood, IN
46055 vs 46163
Side-by-side comparison of two ZIP codes — typical home value, rent, yield, taxes, schools, and demographics. The greener number on each row signals which ZIP comes out ahead on that metric.
| Metric | ZIP46055McCordsville, IN | ZIP46163New Palestine, IN |
|---|---|---|
| Home value | ||
| Typical home value | Better: $403,044 | $382,489 |
| 1-year appreciation | +0.6% | Better: +2.0% |
| 5-year CAGR | Better: +5.2% | +5.2% |
| 10-year CAGR | +6.0% | Better: +6.5% |
| Rent & investment | ||
| Monthly rent | $2,388 | — |
| Gross yield | 7.1% | — |
| Cap rate | 4.3% | — |
| Property tax | ||
| Effective tax rate | Better: 0.7% | 0.7% |
| Typical annual tax | $2,953 | Better: $2,806 |
| Demographics | ||
| Population | 16,010 | 14,498 |
| Median household income | Better: $113,784 | $113,106 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively Low | Relatively Low |
| Net migration | +1,124 | +1,124 |
| Schools | ||
| Public schools | 2 | 5 |
| Students enrolled | 959 | 3,556 |