How much is a home worth in ZIP code 46168?

The typical home in 46168 is worth $331,565, based on the Zillow Home Value Index.

Are home values rising in 46168?

Home values in 46168 are up 1.0% over the past year, and up 5.0% a year over five years.

What is the typical rent in 46168?

A typical home in 46168 rents for about $1,697 a month, a gross rental yield of 6.1%.

What is the property tax rate in 46168?

The effective property tax rate in 46168 is 0.8% — roughly $2,572 a year on a typical home.

ZIP code 46168 has a population of 38,826 and a median household income of $90,000.

HousingHandbookReference data

…

U.S. ZIP Code · IN46168

Hendricks County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$331,565^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.0%
5-year / yr: +5.0%
10-year / yr: +6.4%

Relative price

vs U.S.: +16.7%
vs metro: +14.9%
vs state: +43.3%

Price history

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

The typical home in 46168 is worth $331,565 — 14.9% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 1.0%. Homes here rent for a typical $1,697 a month — a 6.1% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,697^[2]
Gross yield: 6.1%^[2]
Cap rate: 3.7%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,572^[3]

#Climate risk

FEMA National Risk Index ratings for Hendricks 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: 38,826^[3]
Median household income: $90,000^[3]

#Migration

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

Net migration: +338^[5]
Moved in: 6,693
Moved out: 6,355

Schools

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

Public schools: 9
Elementary: 5
Middle: 1
High: 1

Plainfield High School
High · Grades 9–12 · Plainfield Community School Corp
1,781 students
Plainfield Community Middle School
Middle · Grades 6–8 · Plainfield Community School Corp
1,369 students
Central Elementary School
Elementary · Grades K–5 · Plainfield Community School Corp
581 students
Clarks Creek Elementary
Elementary · Grades K–5 · Plainfield Community School Corp
517 students
Van Buren Elementary School
Elementary · Grades K–5 · Plainfield Community School Corp
500 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 yield6.1%

Net yield (after ~40% expenses)3.7%

Annual rent$20,365

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$1,677

Loan principal$265,252

Down payment$66,313

Total interest paid$338,315

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 ratio1.28

Monthly cost to own$2,168

Monthly rent$1,697

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: 16th percentile^[1]
Rental yield: 32nd percentile^[2]
Property tax: 51st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46168?: The typical home in 46168 is worth $331,565, based on the Zillow Home Value Index.
Are home values rising in 46168?: Home values in 46168 are up 1.0% over the past year, and up 5.0% a year over five years.
What is the typical rent in 46168?: A typical home in 46168 rents for about $1,697 a month, a gross rental yield of 6.1%.
What is the property tax rate in 46168?: The effective property tax rate in 46168 is 0.8% — roughly $2,572 a year on a typical home.
Who lives in 46168?: ZIP code 46168 has a population of 38,826 and a median household income of $90,000.

#Comparable ZIPs

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

46250 vs 46168 →
Indianapolis city (balance), IN
Typical home
$330,844
Gross yield
5.1%
46236 vs 46168 →
Lawrence, IN
Typical home
$330,314
Gross yield
6.7%
46118
Clayton, IN
Typical home
$330,280
Gross yield
—
46143
Greenwood, IN
Typical home
$333,437
Gross yield
5.8%
46162
IN
Typical home
$337,110
Gross yield
—
46069
Zionsville, IN
Typical home
$338,542
Gross yield
—

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#Jump to section

U.S. ZIP Code · IN46168

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