HousingHandbookReference data

U.S. ZIP Code · IN46181

Johnson County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$374,220[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.5%
5-year / yr
+5.5%
10-year / yr
+7.3%

Relative price

vs U.S.
+31.7%
vs metro
+29.6%
vs state
+61.7%
ZIP 46181 location in IN
Location of ZIP 46181 in IN

Price history

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

The typical home in 46181 is worth $374,220 — 29.6% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 4.5%. 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
$2,301[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
4,964[3]
Median household income
$91,337[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
4
Elementary
2
Middle
1
High
1
  • Indian Creek Sr High School

    High · Grades 9–12 · Nineveh-Hensley-Jackson United

    637 students

  • Indian Creek Elementary School

    Elementary · Grades PK–2 · Nineveh-Hensley-Jackson United

    486 students

  • Indian Creek Middle School

    Middle · Grades 6–8 · Nineveh-Hensley-Jackson United

    479 students

  • Indian Creek Intermediate School

    Elementary · Grades 3–5 · Nineveh-Hensley-Jackson United

    456 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$1,892
Loan principal$299,376
Down payment$74,844
Total interest paid$381,837

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$2,394
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
36th percentile[1]
Rental yield
[2]
Property tax
19th percentile[3]

Frequently asked

How much is a home worth in ZIP code 46181?
The typical home in 46181 is worth $374,220, based on the Zillow Home Value Index.
Are home values rising in 46181?
Home values in 46181 are up 4.5% over the past year, and up 5.5% a year over five years.
What is the property tax rate in 46181?
The effective property tax rate in 46181 is 0.6% — roughly $2,301 a year on a typical home.
Who lives in 46181?
ZIP code 46181 has a population of 4,964 and a median household income of $91,337.

#Comparable ZIPs

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

  • Indianapolis city (balance), IN

    Typical home
    $375,112
    Gross yield
    6.8%
  • Pittsboro, IN

    Typical home
    $369,395
    Gross yield
  • Whitestown, IN

    Typical home
    $369,000
    Gross yield
    6.7%
  • Indianapolis city (balance), IN

    Typical home
    $368,897
    Gross yield
    4.8%
  • Fishers, IN

    Typical home
    $381,831
    Gross yield
    5.2%
  • New Palestine, IN

    Typical home
    $382,489
    Gross yield

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