ZIP comparison · Indianapolis-Carmel-Greenwood, IN
46160 vs 46280
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 | ZIP46160Morgantown, IN | ZIP46280Carmel, IN |
|---|---|---|
| Home value | ||
| Typical home value | Better: $342,823 | $342,715 |
| 1-year appreciation | Better: +3.8% | +3.5% |
| 5-year CAGR | Better: +7.3% | +7.1% |
| 10-year CAGR | Better: +8.4% | +7.4% |
| Rent & investment | ||
| Monthly rent | — | $1,677 |
| Gross yield | — | 5.9% |
| Cap rate | — | 3.5% |
| Property tax | ||
| Effective tax rate | Better: 0.5% | 0.8% |
| Typical annual tax | Better: $1,843 | $2,890 |
| Demographics | ||
| Population | 6,514 | 7,514 |
| Median household income | $76,445 | Better: $91,152 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Very Low | Relatively Moderate |
| Net migration | +24 | Better: +1,070 |
| Schools | ||
| Public schools | 1 | — |
| Students enrolled | 236 | — |