How much is a home worth in ZIP code 46107?

The typical home in 46107 is worth $193,322, based on the Zillow Home Value Index.

Are home values rising in 46107?

Home values in 46107 are down 0.7% over the past year, and up 5.5% a year over five years.

What is the typical rent in 46107?

A typical home in 46107 rents for about $1,282 a month, a gross rental yield of 8.0%.

What is the property tax rate in 46107?

The effective property tax rate in 46107 is 1.0% — roughly $1,901 a year on a typical home.

ZIP code 46107 has a population of 13,020 and a median household income of $56,799.

HousingHandbookReference data

…

U.S. ZIP Code · IN46107

Marion County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$193,322^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.7%
5-year / yr: +5.5%
10-year / yr: +8.7%

Relative price

vs U.S.: -31.9%
vs metro: -33.0%
vs state: -16.4%

Price history

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

The typical home in 46107 is worth $193,322 — 33.0% below the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have fallen 0.7%. Homes here rent for a typical $1,282 a month — a 8.0% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,282^[2]
Gross yield: 8.0%^[2]
Cap rate: 4.8%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $1,901^[3]

#Climate risk

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

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

#Who lives here

Population: 13,020^[3]
Median household income: $56,799^[3]

#Migration

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

Net migration: -2,799^[5]
Moved in: 26,514
Moved out: 29,313

Schools

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

Public schools: 5
Elementary: 2
Middle: 2
High: 1

Beech Grove Sr High School
High · Grades 9–12 · Beech Grove City Schools
892 students
South Grove Intermediate School
Middle · Grades 4–6 · Beech Grove City Schools
575 students
Hornet Park Elementary School
Elementary · Grades PK–1 · Beech Grove City Schools
476 students
Beech Grove Middle School
Middle · Grades 7–8 · Beech Grove City Schools
434 students
Central Elementary School
Elementary · Grades 2–3 · Beech Grove City Schools
380 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 yield8.0%

Net yield (after ~40% expenses)4.8%

Annual rent$15,380

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$978

Loan principal$154,658

Down payment$38,664

Total interest paid$197,257

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$1,297

Monthly rent$1,282

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: 30th percentile^[1]
Rental yield: 75th percentile^[2]
Property tax: 95th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46107?: The typical home in 46107 is worth $193,322, based on the Zillow Home Value Index.
Are home values rising in 46107?: Home values in 46107 are down 0.7% over the past year, and up 5.5% a year over five years.
What is the typical rent in 46107?: A typical home in 46107 rents for about $1,282 a month, a gross rental yield of 8.0%.
What is the property tax rate in 46107?: The effective property tax rate in 46107 is 1.0% — roughly $1,901 a year on a typical home.
Who lives in 46107?: ZIP code 46107 has a population of 13,020 and a median household income of $56,799.

#Comparable ZIPs

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

46017 vs 46107 →
Chesterfield, IN
Typical home
$192,501
Gross yield
—
46111 vs 46107 →
Brooklyn, IN
Typical home
$191,093
Gross yield
—
46103
Amo, IN
Typical home
$196,182
Gross yield
—
46219
Indianapolis city (balance), IN
Typical home
$189,470
Gross yield
6.2%
46070
Summitville, IN
Typical home
$187,008
Gross yield
—
46012
Anderson, IN
Typical home
$186,313
Gross yield
6.5%

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Pit ZIP 46107 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IN46107

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