How much is a home worth in ZIP code 46033?

The typical home in 46033 is worth $586,866, based on the Zillow Home Value Index.

Are home values rising in 46033?

Home values in 46033 are up 4.1% over the past year, and up 6.6% a year over five years.

What is the typical rent in 46033?

A typical home in 46033 rents for about $2,053 a month, a gross rental yield of 4.2%.

What is the property tax rate in 46033?

The effective property tax rate in 46033 is 0.8% — roughly $4,899 a year on a typical home.

ZIP code 46033 has a population of 40,881 and a median household income of $153,143.

HousingHandbookReference data

…

U.S. ZIP Code · IN46033

Hamilton County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$586,866^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.1%
5-year / yr: +6.6%
10-year / yr: +6.0%

Relative price

vs U.S.: +106.6%
vs metro: +103.3%
vs state: +153.7%

Price history

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

The typical home in 46033 is worth $586,866 — 103.3% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 4.1%. Homes here rent for a typical $2,053 a month — a 4.2% 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: $2,053^[2]
Gross yield: 4.2%^[2]
Cap rate: 2.5%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $4,899^[3]

#Climate risk

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

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

#Who lives here

Population: 40,881^[3]
Median household income: $153,143^[3]

#Migration

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

Net migration: +1,070^[5]
Moved in: 12,612
Moved out: 11,542

Schools

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

Public schools: 6
Elementary: 5
Middle: 1
High: 0

Clay Middle School
Middle · Grades 6–8 · Carmel Clay Schools
1,395 students
Cherry Tree Elementary School
Elementary · Grades PK–5 · Carmel Clay Schools
711 students
Prairie Trace Elementary School
Elementary · Grades K–5 · Carmel Clay Schools
705 students
Forest Dale Elementary School
Elementary · Grades PK–5 · Carmel Clay Schools
653 students
Woodbrook Elementary School
Elementary · Grades K–5 · Carmel Clay Schools
618 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 yield4.2%

Net yield (after ~40% expenses)2.5%

Annual rent$24,636

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$2,968

Loan principal$469,493

Down payment$117,373

Total interest paid$598,813

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 ratio1.88

Monthly cost to own$3,862

Monthly rent$2,053

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: 72nd percentile^[1]
Rental yield: 6th percentile^[2]
Property tax: 68th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

10th for fastest-growing in INView list →

Frequently asked

How much is a home worth in ZIP code 46033?: The typical home in 46033 is worth $586,866, based on the Zillow Home Value Index.
Are home values rising in 46033?: Home values in 46033 are up 4.1% over the past year, and up 6.6% a year over five years.
What is the typical rent in 46033?: A typical home in 46033 rents for about $2,053 a month, a gross rental yield of 4.2%.
What is the property tax rate in 46033?: The effective property tax rate in 46033 is 0.8% — roughly $4,899 a year on a typical home.
Who lives in 46033?: ZIP code 46033 has a population of 40,881 and a median household income of $153,143.

#Comparable ZIPs

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

46032 vs 46033 →
Carmel, IN
Typical home
$578,680
Gross yield
3.7%
46040 vs 46033 →
Fortville, IN
Typical home
$503,931
Gross yield
3.5%
46074
Westfield, IN
Typical home
$503,750
Gross yield
4.9%
46077
Zionsville, IN
Typical home
$684,807
Gross yield
3.2%
46037
Fishers, IN
Typical home
$474,278
Gross yield
4.9%
46106
Bargersville, IN
Typical home
$454,912
Gross yield
4.2%

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Pit ZIP 46033 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IN46033

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