HousingHandbookReference data

U.S. ZIP Code · IN46158

Morgan County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$314,126[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+1.9%
5-year / yr
+5.6%
10-year / yr
+6.9%

Relative price

vs U.S.
+10.6%
vs metro
+8.8%
vs state
+35.8%
ZIP 46158 location in IN
Location of ZIP 46158 in IN

Price history

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

The typical home in 46158 is worth $314,126 — 8.8% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 1.9%. 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
$1,818[3]

#Climate risk

FEMA National Risk Index ratings for Morgan 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 Moderate

#Who lives here

Population
24,878[3]
Median household income
$81,096[3]

#Migration

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

Net migration
+338[5]
Moved in
2,426
Moved out
2,088

Schools

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

Public schools
5
Elementary
3
Middle
1
High
1
  • Mooresville High School

    High · Grades 9–12 · Mooresville Con School Corp

    1,398 students

  • Paul Hadley Middle School

    Middle · Grades 7–8 · Mooresville Con School Corp

    688 students

  • Neil Armstrong Elementary School

    Elementary · Grades PK–6 · Mooresville Con School Corp

    530 students

  • Northwood Elementary School

    Elementary · Grades K–7 · Mooresville Con School Corp

    396 students

  • Newby Memorial Elementary School

    Elementary · Grades PK–6 · Mooresville Con School Corp

    282 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$1,588
Loan principal$251,301
Down payment$62,825
Total interest paid$320,521

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$2,002
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
39th percentile[1]
Rental yield
[2]
Property tax
15th percentile[3]

Frequently asked

How much is a home worth in ZIP code 46158?
The typical home in 46158 is worth $314,126, based on the Zillow Home Value Index.
Are home values rising in 46158?
Home values in 46158 are up 1.9% over the past year, and up 5.6% a year over five years.
What is the property tax rate in 46158?
The effective property tax rate in 46158 is 0.6% — roughly $1,818 a year on a typical home.
Who lives in 46158?
ZIP code 46158 has a population of 24,878 and a median household income of $81,096.

#Comparable ZIPs

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

  • IN

    Typical home
    $312,870
    Gross yield
  • Indianapolis city (balance), IN

    Typical home
    $309,668
    Gross yield
    4.5%
  • Greenwood, IN

    Typical home
    $318,657
    Gross yield
    5.5%
  • IN

    Typical home
    $319,153
    Gross yield
  • Lawrence, IN

    Typical home
    $308,763
    Gross yield
  • Thorntown, IN

    Typical home
    $320,118
    Gross yield

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