ZIP comparison · Indianapolis-Carmel-Greenwood, IN
46131 vs 46234
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 | ZIP46131Franklin, IN | ZIP46234Indianapolis city (balance), IN |
|---|---|---|
| Home value | ||
| Typical home value | Better: $280,908 | $280,703 |
| 1-year appreciation | Better: +2.0% | +0.7% |
| 5-year CAGR | Better: +6.3% | +5.1% |
| 10-year CAGR | Better: +7.7% | +7.0% |
| Rent & investment | ||
| Monthly rent | Better: $1,786 | $2,140 |
| Gross yield | 7.6% | Better: 9.1% |
| Cap rate | 4.6% | Better: 5.5% |
| Property tax | ||
| Effective tax rate | Better: 0.7% | 0.9% |
| Typical annual tax | Better: $2,070 | $2,482 |
| Demographics | ||
| Population | 34,647 | 28,300 |
| Median household income | Better: $85,076 | $83,190 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively Low | Relatively Low |
| Net migration | Better: +577 | +338 |
| Schools | ||
| Public schools | 8 | 2 |
| Students enrolled | 5,223 | 1,564 |