ZIP comparison · Indianapolis-Carmel-Greenwood, IN
46217 vs 46231
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 | ZIP46217Indianapolis city (balance), IN | ZIP46231Indianapolis city (balance), IN |
|---|---|---|
| Home value | ||
| Typical home value | $259,572 | Better: $259,605 |
| 1-year appreciation | 0.0% | Better: +0.7% |
| 5-year CAGR | +4.9% | Better: +5.7% |
| 10-year CAGR | +6.8% | Better: +7.6% |
| Rent & investment | ||
| Monthly rent | Better: $1,567 | $2,150 |
| Gross yield | 7.2% | Better: 9.9% |
| Cap rate | 4.3% | Better: 6.0% |
| Property tax | ||
| Effective tax rate | Better: 0.9% | 1.0% |
| Typical annual tax | Better: $2,418 | $2,721 |
| Demographics | ||
| Population | 36,917 | 10,371 |
| Median household income | Better: $92,029 | $71,825 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively Low |
| Net migration | -2,799 | Better: +338 |
| Schools | ||
| Public schools | 6 | 1 |
| Students enrolled | 6,120 | 685 |