HousingHandbookReference data

U.S. ZIP Code · IN46013

Madison County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$178,946[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+3.9%
5-year / yr
+7.3%
10-year / yr
+9.6%

Relative price

vs U.S.
-37.0%
vs metro
-38.0%
vs state
-22.7%
ZIP 46013 location in IN
Location of ZIP 46013 in IN

Price history

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

The typical home in 46013 is worth $178,946 — 38.0% below the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 3.9%. Homes here rent for a typical $1,083 a month — a 7.3% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

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

Monthly rent
$1,083[2]
Gross yield
7.3%[2]
Cap rate
4.4%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$1,420[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
19,073[3]
Median household income
$49,310[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
2
Elementary
1
Middle
0
High
1
  • Anderson High School

    High · Grades 9–12 · Anderson Community School Corp

    1,722 students

  • Erskine Elementary School

    Elementary · Grades K–5 · Anderson Community School Corp

    474 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.

Gross yield7.3%
Net yield (after ~40% expenses)4.4%
Annual rent$12,993

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.

Monthly payment$905
Loan principal$143,157
Down payment$35,789
Total interest paid$182,588

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.

Own : rent ratio1.08
Monthly cost to own$1,172
Monthly rent$1,083

Owning and renting are roughly even.

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
90th percentile[1]
Rental yield
65th percentile[2]
Property tax
59th percentile[3]

Frequently asked

How much is a home worth in ZIP code 46013?
The typical home in 46013 is worth $178,946, based on the Zillow Home Value Index.
Are home values rising in 46013?
Home values in 46013 are up 3.9% over the past year, and up 7.3% a year over five years.
What is the typical rent in 46013?
A typical home in 46013 rents for about $1,083 a month, a gross rental yield of 7.3%.
What is the property tax rate in 46013?
The effective property tax rate in 46013 is 0.8% — roughly $1,420 a year on a typical home.
Who lives in 46013?
ZIP code 46013 has a population of 19,073 and a median household income of $49,310.

#Comparable ZIPs

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

  • Indianapolis city (balance), IN

    Typical home
    $180,246
    Gross yield
    9.0%
  • Alexandria, IN

    Typical home
    $181,438
    Gross yield
    6.4%
  • Indianapolis city (balance), IN

    Typical home
    $175,833
    Gross yield
    9.9%
  • Indianapolis city (balance), IN

    Typical home
    $171,756
    Gross yield
    10.4%
  • Anderson, IN

    Typical home
    $186,313
    Gross yield
    6.5%
  • Summitville, IN

    Typical home
    $187,008
    Gross yield

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