How much is a home worth in ZIP code 46112?

The typical home in 46112 is worth $361,711, based on the Zillow Home Value Index.

Are home values rising in 46112?

Home values in 46112 are up 0.9% over the past year, and up 5.5% a year over five years.

What is the typical rent in 46112?

A typical home in 46112 rents for about $1,954 a month, a gross rental yield of 6.5%.

What is the property tax rate in 46112?

The effective property tax rate in 46112 is 0.8% — roughly $2,820 a year on a typical home.

ZIP code 46112 has a population of 44,220 and a median household income of $112,565.

HousingHandbookReference data

…

U.S. ZIP Code · IN46112

Hendricks County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$361,711^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +0.9%
5-year / yr: +5.5%
10-year / yr: +6.6%

Relative price

vs U.S.: +27.3%
vs metro: +25.3%
vs state: +56.3%

Price history

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

The typical home in 46112 is worth $361,711 — 25.3% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 0.9%. Homes here rent for a typical $1,954 a month — a 6.5% 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: $1,954^[2]
Gross yield: 6.5%^[2]
Cap rate: 3.9%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,820^[3]

#Climate risk

FEMA National Risk Index ratings for Hendricks 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 High

#Who lives here

Population: 44,220^[3]
Median household income: $112,565^[3]

#Migration

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

Net migration: +338^[5]
Moved in: 6,693
Moved out: 6,355

Schools

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

Public schools: 11
Elementary: 7
Middle: 2
High: 1

Brownsburg High School
High · Grades 9–12 · Brownsburg Community School Corp
3,318 students
Brownsburg West Middle School
Middle · Grades 6–8 · Brownsburg Community School Corp
1,253 students
Brownsburg East Middle School
Middle · Grades 6–8 · Brownsburg Community School Corp
1,171 students
Brown Elementary School
Elementary · Grades K–5 · Brownsburg Community School Corp
590 students
Cardinal Elementary School
Elementary · Grades K–5 · Brownsburg Community School Corp
590 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 yield6.5%

Net yield (after ~40% expenses)3.9%

Annual rent$23,447

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$1,829

Loan principal$289,369

Down payment$72,342

Total interest paid$369,074

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 ratio1.21

Monthly cost to own$2,366

Monthly rent$1,954

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: 32nd percentile^[1]
Rental yield: 40th percentile^[2]
Property tax: 53rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46112?: The typical home in 46112 is worth $361,711, based on the Zillow Home Value Index.
Are home values rising in 46112?: Home values in 46112 are up 0.9% over the past year, and up 5.5% a year over five years.
What is the typical rent in 46112?: A typical home in 46112 rents for about $1,954 a month, a gross rental yield of 6.5%.
What is the property tax rate in 46112?: The effective property tax rate in 46112 is 0.8% — roughly $2,820 a year on a typical home.
Who lives in 46112?: ZIP code 46112 has a population of 44,220 and a median household income of $112,565.

#Comparable ZIPs

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

46164 vs 46112 →
Cordry Sweetwater Lakes CDP, IN
Typical home
$362,912
Gross yield
—
46060 vs 46112 →
Noblesville, IN
Typical home
$358,654
Gross yield
5.9%
46240
Indianapolis city (balance), IN
Typical home
$368,897
Gross yield
4.8%
46075
Whitestown, IN
Typical home
$369,000
Gross yield
6.7%
46167
Pittsboro, IN
Typical home
$369,395
Gross yield
—
46149
Lizton, IN
Typical home
$353,323
Gross yield
—

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#Jump to section

U.S. ZIP Code · IN46112

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