HousingHandbookReference data

U.S. ZIP Code · IN46117

Hancock County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$265,295[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.6%
5-year / yr
+5.8%
10-year / yr
+6.7%

Relative price

vs U.S.
-6.6%
vs metro
-8.1%
vs state
+14.7%
ZIP 46117 location in IN
Location of ZIP 46117 in IN

Price history

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

The typical home in 46117 is worth $265,295 — 8.1% below the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 2.6%. 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
$1,505[3]

#Climate risk

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

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
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 Low

#Who lives here

Population
527[3]
Median household income
$91,250[3]

#Migration

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

Net migration
+1,124[5]
Moved in
3,759
Moved out
2,635

Schools

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

Public schools
3
Elementary
1
Middle
1
High
1
  • Eastern Hancock Elementary School

    Elementary · Grades PK–5 · Eastern Hancock Co Com Sch Corp

    528 students

  • Eastern Hancock High School

    High · Grades 9–12 · Eastern Hancock Co Com Sch Corp

    378 students

  • Eastern Hancock Middle School

    Middle · Grades 6–8 · Eastern Hancock Co Com Sch Corp

    306 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.

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$1,341
Loan principal$212,236
Down payment$53,059
Total interest paid$270,695

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$1,689
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
43rd percentile[1]
Rental yield
[2]
Property tax
14th percentile[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 46117?
The typical home in 46117 is worth $265,295, based on the Zillow Home Value Index.
Are home values rising in 46117?
Home values in 46117 are up 2.6% over the past year, and up 5.8% a year over five years.
What is the property tax rate in 46117?
The effective property tax rate in 46117 is 0.6% — roughly $1,505 a year on a typical home.
Who lives in 46117?
ZIP code 46117 has a population of 527 and a median household income of $91,250.

#Comparable ZIPs

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

  • Sharpsville, IN

    Typical home
    $265,035
    Gross yield
  • Paragon, IN

    Typical home
    $266,907
    Gross yield
  • Indianapolis city (balance), IN

    Typical home
    $261,738
    Gross yield
    7.7%
  • Morristown, IN

    Typical home
    $268,977
    Gross yield
  • Whiteland, IN

    Typical home
    $269,436
    Gross yield
    8.7%
  • Fairland, IN

    Typical home
    $270,138
    Gross yield

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