ZIP comparison · Indianapolis-Carmel-Greenwood, IN
46220 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 | ZIP46220Indianapolis city (balance), IN | ZIP46280Carmel, IN |
|---|---|---|
| Home value | ||
| Typical home value | Better: $346,227 | $342,715 |
| 1-year appreciation | +0.5% | Better: +3.5% |
| 5-year CAGR | +3.8% | Better: +7.1% |
| 10-year CAGR | +5.8% | Better: +7.4% |
| Rent & investment | ||
| Monthly rent | Better: $1,548 | $1,677 |
| Gross yield | 5.4% | Better: 5.9% |
| Cap rate | 3.2% | Better: 3.5% |
| Property tax | ||
| Effective tax rate | 0.9% | Better: 0.8% |
| Typical annual tax | $3,086 | Better: $2,890 |
| Demographics | ||
| Population | 36,952 | 7,514 |
| Median household income | Better: $108,050 | $91,152 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Relatively Moderate |
| Net migration | -2,799 | Better: +1,070 |
| Schools | ||
| Public schools | 7 | — |
| Students enrolled | 2,967 | — |