How much is a home worth in ZIP code 46142?

The typical home in 46142 is worth $318,657, based on the Zillow Home Value Index.

Are home values rising in 46142?

Home values in 46142 are up 2.3% over the past year, and up 5.2% a year over five years.

What is the typical rent in 46142?

A typical home in 46142 rents for about $1,465 a month, a gross rental yield of 5.5%.

What is the property tax rate in 46142?

The effective property tax rate in 46142 is 0.7% — roughly $2,346 a year on a typical home.

ZIP code 46142 has a population of 34,348 and a median household income of $89,001.

HousingHandbookReference data

…

U.S. ZIP Code · IN46142

Johnson County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$318,657^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.3%
5-year / yr: +5.2%
10-year / yr: +6.7%

Relative price

vs U.S.: +12.2%
vs metro: +10.4%
vs state: +37.7%

Price history

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

The typical home in 46142 is worth $318,657 — 10.4% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 2.3%. Homes here rent for a typical $1,465 a month — a 5.5% 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: $1,465^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

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

Effective tax rate: 0.7%^[3]
Typical annual tax: $2,346^[3]

#Climate risk

FEMA National Risk Index ratings for Johnson 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: 34,348^[3]
Median household income: $89,001^[3]

#Migration

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

Net migration: +577^[5]
Moved in: 6,265
Moved out: 5,688

Schools

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

Public schools: 6
Elementary: 4
Middle: 1
High: 1

Greenwood Community High Sch
High · Grades 9–12 · Greenwood Community Sch Corp
1,219 students
Center Grove Middle School North
Middle · Grades 6–8 · Center Grove Community School Corp
1,069 students
Sugar Grove Elementary School
Elementary · Grades PK–5 · Center Grove Community School Corp
802 students
Pleasant Grove Elementary School
Elementary · Grades PK–5 · Center Grove Community School Corp
724 students
North Grove Elementary School
Elementary · Grades K–5 · Center Grove Community School Corp
704 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 yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$17,584

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$1,611

Loan principal$254,926

Down payment$63,731

Total interest paid$325,143

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 ratio1.41

Monthly cost to own$2,073

Monthly rent$1,465

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: 23rd percentile^[1]
Rental yield: 24th percentile^[2]
Property tax: 45th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46142?: The typical home in 46142 is worth $318,657, based on the Zillow Home Value Index.
Are home values rising in 46142?: Home values in 46142 are up 2.3% over the past year, and up 5.2% a year over five years.
What is the typical rent in 46142?: A typical home in 46142 rents for about $1,465 a month, a gross rental yield of 5.5%.
What is the property tax rate in 46142?: The effective property tax rate in 46142 is 0.7% — roughly $2,346 a year on a typical home.
Who lives in 46142?: ZIP code 46142 has a population of 34,348 and a median household income of $89,001.

#Comparable ZIPs

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

46130 vs 46142 →
IN
Typical home
$319,153
Gross yield
—
46071 vs 46142 →
Thorntown, IN
Typical home
$320,118
Gross yield
—
46158
Mooresville, IN
Typical home
$314,126
Gross yield
—
46121
Heritage Lake CDP, IN
Typical home
$323,584
Gross yield
—
46031
Atlanta, IN
Typical home
$324,237
Gross yield
—
46110
IN
Typical home
$312,870
Gross yield
—

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

Compare ZIPs

Pit ZIP 46142 against any other ZIP — full side-by-side table.

Compare 46142 →

#Jump to section

U.S. ZIP Code · IN46142

Get more data on ZIPs like this

Get more data on ZIPs like this