HousingHandbookReference data

U.S. ZIP Code · IN46147

Boone County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$348,665[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.7%
5-year / yr
+7.1%
10-year / yr
+7.9%

Relative price

vs U.S.
+22.7%
vs metro
+20.8%
vs state
+50.7%
ZIP 46147 location in IN
Location of ZIP 46147 in IN

Price history

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

The typical home in 46147 is worth $348,665 — 20.8% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 5.7%. 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]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
0.7%[3]
Typical annual tax
$2,357[3]

#Climate risk

FEMA National Risk Index ratings for Boone 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 Low
Earthquake
Relatively Low
Winter weather
Relatively Moderate

#Who lives here

Population
2,518[3]
Median household income
$80,707[3]

#Migration

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

Net migration
+869[5]
Moved in
3,367
Moved out
2,498

Schools

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

Public schools
1
Elementary
1
Middle
0
High
0
  • Granville Wells Elementary School

    Elementary · Grades PK–6 · Western Boone Co Com Sch Dist

    370 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$1,763
Loan principal$278,932
Down payment$69,733
Total interest paid$355,763

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$2,251
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
86th percentile[1]
Rental yield
[2]
Property tax
30th percentile[3]

Frequently asked

How much is a home worth in ZIP code 46147?
The typical home in 46147 is worth $348,665, based on the Zillow Home Value Index.
Are home values rising in 46147?
Home values in 46147 are up 5.7% over the past year, and up 7.1% a year over five years.
What is the property tax rate in 46147?
The effective property tax rate in 46147 is 0.7% — roughly $2,357 a year on a typical home.
Who lives in 46147?
ZIP code 46147 has a population of 2,518 and a median household income of $80,707.

#Comparable ZIPs

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

  • Danville, IN

    Typical home
    $348,821
    Gross yield
  • Indianapolis city (balance), IN

    Typical home
    $347,808
    Gross yield
    4.2%
  • Indianapolis city (balance), IN

    Typical home
    $346,667
    Gross yield
    5.6%
  • Indianapolis city (balance), IN

    Typical home
    $346,227
    Gross yield
    5.4%
  • North Salem, IN

    Typical home
    $351,258
    Gross yield
  • Indianapolis city (balance), IN

    Typical home
    $351,449
    Gross yield
    4.9%

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