ZIP comparison · Indianapolis-Carmel-Greenwood, IN
46231 vs 46237
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 | ZIP46231Indianapolis city (balance), IN | ZIP46237Indianapolis city (balance), IN |
|---|---|---|
| Home value | ||
| Typical home value | $259,605 | Better: $261,738 |
| 1-year appreciation | Better: +0.7% | +0.7% |
| 5-year CAGR | Better: +5.7% | +5.1% |
| 10-year CAGR | Better: +7.6% | +7.2% |
| Rent & investment | ||
| Monthly rent | $2,150 | Better: $1,670 |
| Gross yield | Better: 9.9% | 7.7% |
| Cap rate | Better: 6.0% | 4.6% |
| Property tax | ||
| Effective tax rate | 1.0% | Better: 0.9% |
| Typical annual tax | $2,721 | Better: $2,357 |
| Demographics | ||
| Population | 10,371 | 43,473 |
| Median household income | $71,825 | Better: $79,078 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively Low | Relatively High |
| Net migration | Better: +338 | -2,799 |
| Schools | ||
| Public schools | 1 | 3 |
| Students enrolled | 685 | 1,579 |