ZIP comparison · Chicago-Naperville-Elgin, IL-IN
46410 vs 47978
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 | ZIP46410Merrillville, IN | ZIP47978Rensselaer, IN |
|---|---|---|
| Home value | ||
| Typical home value | $242,094 | Better: $244,779 |
| 1-year appreciation | +0.4% | Better: +3.7% |
| 5-year CAGR | +5.1% | Better: +7.4% |
| 10-year CAGR | Better: +7.0% | +6.2% |
| Rent & investment | ||
| Monthly rent | $1,553 | — |
| Gross yield | 7.7% | — |
| Cap rate | 4.6% | — |
| Property tax | ||
| Effective tax rate | 1.0% | Better: 0.4% |
| Typical annual tax | $2,330 | Better: $1,076 |
| Demographics | ||
| Population | 39,243 | 10,261 |
| Median household income | $64,127 | Better: $71,616 |
| Climate & migration | ||
| Overall risk (FEMA NRI) | Relatively High | Very Low |
| Net migration | -162 | Better: +38 |
| Schools | ||
| Public schools | 9 | 4 |
| Students enrolled | 6,094 | 1,482 |