How much is a home worth in ZIP code 46012?

The typical home in 46012 is worth $186,313, based on the Zillow Home Value Index.

Are home values rising in 46012?

Home values in 46012 are up 4.0% over the past year, and up 7.5% a year over five years.

What is the typical rent in 46012?

A typical home in 46012 rents for about $1,017 a month, a gross rental yield of 6.5%.

What is the property tax rate in 46012?

The effective property tax rate in 46012 is 0.7% — roughly $1,322 a year on a typical home.

ZIP code 46012 has a population of 20,855 and a median household income of $58,041.

HousingHandbookReference data

…

U.S. ZIP Code · IN46012

Madison County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$186,313^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.0%
5-year / yr: +7.5%
10-year / yr: +9.5%

Relative price

vs U.S.: -34.4%
vs metro: -35.5%
vs state: -19.5%

Price history

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

The typical home in 46012 is worth $186,313 — 35.5% below the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 4.0%. Homes here rent for a typical $1,017 a month — a 6.5% 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: $1,017^[2]
Gross yield: 6.5%^[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: $1,322^[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: 20,855^[3]
Median household income: $58,041^[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: 4
Elementary: 2
Middle: 2
High: 0

Highland Middle School
Middle · Grades 7–8 · Anderson Community School Corp
935 students
Eastside Elementary School
Elementary · Grades K–5 · Anderson Community School Corp
565 students
Tenth Street Elementary School
Elementary · Grades K–5 · Anderson Community School Corp
518 students
Anderson Intermediate School
Middle · Grades 5–6 · Anderson Community School Corp
452 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 yield6.5%

Net yield (after ~40% expenses)3.9%

Annual rent$12,202

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$942

Loan principal$149,050

Down payment$37,263

Total interest paid$190,105

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 ratio1.19

Monthly cost to own$1,208

Monthly rent$1,017

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: 93rd percentile^[1]
Rental yield: 43rd percentile^[2]
Property tax: 36th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46012?: The typical home in 46012 is worth $186,313, based on the Zillow Home Value Index.
Are home values rising in 46012?: Home values in 46012 are up 4.0% over the past year, and up 7.5% a year over five years.
What is the typical rent in 46012?: A typical home in 46012 rents for about $1,017 a month, a gross rental yield of 6.5%.
What is the property tax rate in 46012?: The effective property tax rate in 46012 is 0.7% — roughly $1,322 a year on a typical home.
Who lives in 46012?: ZIP code 46012 has a population of 20,855 and a median household income of $58,041.

#Comparable ZIPs

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

46070 vs 46012 →
Summitville, IN
Typical home
$187,008
Gross yield
—
46219 vs 46012 →
Indianapolis city (balance), IN
Typical home
$189,470
Gross yield
6.2%
46111
Brooklyn, IN
Typical home
$191,093
Gross yield
—
46001
Alexandria, IN
Typical home
$181,438
Gross yield
6.4%
46208
Indianapolis city (balance), IN
Typical home
$180,246
Gross yield
9.0%
46017
Chesterfield, IN
Typical home
$192,501
Gross yield
—

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#Jump to section

U.S. ZIP Code · IN46012

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