ZIP comparison · Indianapolis-Carmel-Greenwood, IN
46220 vs 46256
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 | ZIP46220Indianapolis city (balance), IN | ZIP46256Indianapolis city (balance), IN |
|---|---|---|
| Home value | ||
| Typical home value | $346,227 | Better: $347,808 |
| 1-year appreciation | +0.5% | Better: +1.8% |
| 5-year CAGR | +3.8% | Better: +4.9% |
| 10-year CAGR | +5.8% | Better: +6.4% |
| Rent & investment | ||
| Monthly rent | $1,548 | Better: $1,231 |
| Gross yield | Better: 5.4% | 4.2% |
| Cap rate | Better: 3.2% | 2.5% |
| Property tax | ||
| Effective tax rate | Better: 0.9% | 0.9% |
| Typical annual tax | Better: $3,086 | $3,296 |
| Demographics | ||
| Population | 36,952 | 20,990 |
| Median household income | Better: $108,050 | $93,847 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively High |
| Net migration | -2,799 | -2,799 |
| Schools | ||
| Public schools | 7 | 4 |
| Students enrolled | 2,967 | 4,194 |