HousingHandbookReference data

U.S. ZIP Code · IN46162

Johnson County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$337,110[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.6%
5-year / yr
+6.1%
10-year / yr
+7.5%

Relative price

vs U.S.
+18.7%
vs metro
+16.8%
vs state
+45.7%
ZIP 46162 location in IN
Location of ZIP 46162 in IN

Price history

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

The typical home in 46162 is worth $337,110 — 16.8% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 2.6%.

#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
[3]
Typical annual tax
[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
227[3]
Median household income
$117,969[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

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$1,705
Loan principal$269,688
Down payment$67,422
Total interest paid$343,972

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$2,323
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
61st percentile[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 46162?
The typical home in 46162 is worth $337,110, based on the Zillow Home Value Index.
Are home values rising in 46162?
Home values in 46162 are up 2.6% over the past year, and up 6.1% a year over five years.
Who lives in 46162?
ZIP code 46162 has a population of 227 and a median household income of $117,969.

#Comparable ZIPs

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

  • Zionsville, IN

    Typical home
    $338,542
    Gross yield
  • Nashville, IN

    Typical home
    $338,818
    Gross yield
  • Pendleton, IN

    Typical home
    $338,841
    Gross yield
    7.7%
  • Greenwood, IN

    Typical home
    $333,437
    Gross yield
    5.8%
  • Plainfield, IN

    Typical home
    $331,565
    Gross yield
    6.1%
  • Carmel, IN

    Typical home
    $342,715
    Gross yield
    5.9%

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