How much is a home worth in ZIP code 46001?

The typical home in 46001 is worth $181,438, based on the Zillow Home Value Index.

Are home values rising in 46001?

Home values in 46001 are up 3.3% over the past year, and up 7.2% a year over five years.

What is the typical rent in 46001?

A typical home in 46001 rents for about $975 a month, a gross rental yield of 6.4%.

What is the property tax rate in 46001?

The effective property tax rate in 46001 is 0.7% — roughly $1,358 a year on a typical home.

ZIP code 46001 has a population of 10,375 and a median household income of $70,962.

HousingHandbookReference data

…

U.S. ZIP Code · IN46001

Madison County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$181,438^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.3%
5-year / yr: +7.2%
10-year / yr: +8.9%

Relative price

vs U.S.: -36.1%
vs metro: -37.2%
vs state: -21.6%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 46001 is worth $181,438 — 37.2% below the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 3.3%. Homes here rent for a typical $975 a month — a 6.4% gross rental yield. The effective property tax rate is 0.7%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $975^[2]
Gross yield: 6.4%^[2]
Cap rate: 3.9%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.7%^[3]
Typical annual tax: $1,358^[3]

#Climate risk

FEMA National Risk Index ratings for Madison County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 10,375^[3]
Median household income: $70,962^[3]

#Migration

Household moves in and out of Madison County over a year, from IRS tax-return data.

Net migration: +420^[5]
Moved in: 3,612
Moved out: 3,192

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 3
Elementary: 1
Middle: 0
High: 2

Alexandria Monroe Elementary School
Elementary · Grades PK–6 · Alexandria Community School Corp
715 students
Alexandria-Monroe High School
High · Grades 7–12 · Alexandria Community School Corp
690 students
Alexandria Monroe Academy and Central Office
High · Grades 7–12 · Alexandria Community School Corp
0 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.4%

Net yield (after ~40% expenses)3.9%

Annual rent$11,700

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$917

Loan principal$145,150

Down payment$36,288

Total interest paid$185,131

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.21

Monthly cost to own$1,182

Monthly rent$975

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 88th percentile^[1]
Rental yield: 37th percentile^[2]
Property tax: 47th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46001?: The typical home in 46001 is worth $181,438, based on the Zillow Home Value Index.
Are home values rising in 46001?: Home values in 46001 are up 3.3% over the past year, and up 7.2% a year over five years.
What is the typical rent in 46001?: A typical home in 46001 rents for about $975 a month, a gross rental yield of 6.4%.
What is the property tax rate in 46001?: The effective property tax rate in 46001 is 0.7% — roughly $1,358 a year on a typical home.
Who lives in 46001?: ZIP code 46001 has a population of 10,375 and a median household income of $70,962.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

46208 vs 46001 →
Indianapolis city (balance), IN
Typical home
$180,246
Gross yield
9.0%
46013 vs 46001 →
Anderson, IN
Typical home
$178,946
Gross yield
7.3%
46012
Anderson, IN
Typical home
$186,313
Gross yield
6.5%
46070
Summitville, IN
Typical home
$187,008
Gross yield
—
46225
Indianapolis city (balance), IN
Typical home
$175,833
Gross yield
9.9%
46219
Indianapolis city (balance), IN
Typical home
$189,470
Gross yield
6.2%

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Pit ZIP 46001 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IN46001

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