How much is a home worth in ZIP code 46064?

The typical home in 46064 is worth $338,841, based on the Zillow Home Value Index.

Are home values rising in 46064?

Home values in 46064 are up 2.9% over the past year, and up 6.0% a year over five years.

What is the typical rent in 46064?

A typical home in 46064 rents for about $2,181 a month, a gross rental yield of 7.7%.

What is the property tax rate in 46064?

The effective property tax rate in 46064 is 0.7% — roughly $2,398 a year on a typical home.

ZIP code 46064 has a population of 18,499 and a median household income of $94,609.

HousingHandbookReference data

…

U.S. ZIP Code · IN46064

Madison County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$338,841^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.9%
5-year / yr: +6.0%
10-year / yr: +7.3%

Relative price

vs U.S.: +19.3%
vs metro: +17.4%
vs state: +46.5%

Price history

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

The typical home in 46064 is worth $338,841 — 17.4% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 2.9%. Homes here rent for a typical $2,181 a month — a 7.7% 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: $2,181^[2]
Gross yield: 7.7%^[2]
Cap rate: 4.6%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,398^[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: 18,499^[3]
Median household income: $94,609^[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: 5
Elementary: 3
Middle: 1
High: 1

Pendleton Heights High School
High · Grades 9–12 · South Madison Com Sch Corp
1,353 students
Pendleton Elementary School
Elementary · Grades PK–6 · South Madison Com Sch Corp
870 students
Maple Ridge Elementary School
Elementary · Grades PK–6 · South Madison Com Sch Corp
716 students
Pendleton Heights Middle School
Middle · Grades 7–8 · South Madison Com Sch Corp
697 students
East Elementary School
Elementary · Grades K–6 · South Madison Com Sch Corp
671 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 yield7.7%

Net yield (after ~40% expenses)4.6%

Annual rent$26,176

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$1,713

Loan principal$271,073

Down payment$67,768

Total interest paid$345,739

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 ratio1.01

Monthly cost to own$2,196

Monthly rent$2,181

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: 57th percentile^[1]
Rental yield: 71st percentile^[2]
Property tax: 35th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46064?: The typical home in 46064 is worth $338,841, based on the Zillow Home Value Index.
Are home values rising in 46064?: Home values in 46064 are up 2.9% over the past year, and up 6.0% a year over five years.
What is the typical rent in 46064?: A typical home in 46064 rents for about $2,181 a month, a gross rental yield of 7.7%.
What is the property tax rate in 46064?: The effective property tax rate in 46064 is 0.7% — roughly $2,398 a year on a typical home.
Who lives in 46064?: ZIP code 46064 has a population of 18,499 and a median household income of $94,609.

#Comparable ZIPs

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

47448 vs 46064 →
Nashville, IN
Typical home
$338,818
Gross yield
—
46069 vs 46064 →
Zionsville, IN
Typical home
$338,542
Gross yield
—
46162
IN
Typical home
$337,110
Gross yield
—
46280
Carmel, IN
Typical home
$342,715
Gross yield
5.9%
46160
Morgantown, IN
Typical home
$342,823
Gross yield
—
46143
Greenwood, IN
Typical home
$333,437
Gross yield
5.8%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 46064 against any other ZIP — full side-by-side table.

Compare 46064 →

#Jump to section

U.S. ZIP Code · IN46064

Get more data on ZIPs like this

Get more data on ZIPs like this