HousingHandbookReference data

U.S. ZIP Code · IN46049

Tipton County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$208,811[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+7.6%
5-year / yr
+7.9%
10-year / yr
+8.1%

Relative price

vs U.S.
-26.5%
vs metro
-27.7%
vs state
-9.7%
ZIP 46049 location in IN
Location of ZIP 46049 in IN

Price history

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

The typical home in 46049 is worth $208,811 — 27.7% below the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 7.6%. The effective property tax rate is 0.6%.

#Rent & investment

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

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$1,351[3]

#Climate risk

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

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

#Who lives here

Population
763[3]
Median household income
$83,594[3]

#Migration

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

Net migration
-54[5]
Moved in
400
Moved out
454

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 yield
Net yield (after ~40% expenses)
Annual rent

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$1,056
Loan principal$167,049
Down payment$41,762
Total interest paid$213,062

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 ratio
Monthly cost to own$1,343
Monthly rent

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
97th percentile[1]
Rental yield
[2]
Property tax
27th percentile[3]

Frequently asked

How much is a home worth in ZIP code 46049?
The typical home in 46049 is worth $208,811, based on the Zillow Home Value Index.
Are home values rising in 46049?
Home values in 46049 are up 7.6% over the past year, and up 7.9% a year over five years.
What is the property tax rate in 46049?
The effective property tax rate in 46049 is 0.6% — roughly $1,351 a year on a typical home.
Who lives in 46049?
ZIP code 46049 has a population of 763 and a median household income of $83,594.

#Comparable ZIPs

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

  • Anderson, IN

    Typical home
    $211,443
    Gross yield
    6.6%
  • Indianapolis city (balance), IN

    Typical home
    $211,625
    Gross yield
    8.5%
  • Frankton, IN

    Typical home
    $203,485
    Gross yield
  • Indianapolis city (balance), IN

    Typical home
    $202,807
    Gross yield
    6.8%
  • Windfall City, IN

    Typical home
    $202,234
    Gross yield
  • Indianapolis city (balance), IN

    Typical home
    $218,316
    Gross yield
    9.4%

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