U.S. ZIP Code · IN46201
Marion County · Indianapolis-Carmel-Greenwood, IN
Appreciation
- 1-year
- -5.5%
- 5-year / yr
- +2.8%
- 10-year / yr
- +12.9%
Relative price
- vs U.S.
- -45.1%
- vs metro
- -46.0%
- vs state
- -32.6%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 46201 is worth $155,952 — 46.0% below the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have fallen 5.5%. Homes here rent for a typical $1,205 a month — a 9.3% gross rental yield. The effective property tax rate is 0.9%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Marion County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively High[4]
- Riverine flood
- Relatively High
- Coastal flood
- Not Applicable
- Wildfire
- Very Low
- Drought
- Relatively Low
- Heat wave
- Relatively High
- Hurricane
- Very Low
- Tornado
- Very High
- Earthquake
- Relatively Moderate
- Winter weather
- Relatively High
#Who lives here
#Migration
Household moves in and out of Marion County over a year, from IRS tax-return data.
- Net migration
- -2,799[5]
- Moved in
- 26,514
- Moved out
- 29,313
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 9
- Elementary
- 6
- Middle
- 1
- High
- 2
Arsenal Technical High School
High · Grades 9–12 · Indianapolis Public Schools
2,524 students
Paramount Brookside
Elementary · Grades K–8 · Paramount Brookside
856 students
Purdue Polytechnic High School Ind
High · Grades 9–12 · Purdue Polytechnic High School Ind
578 students
Thomas D Gregg School 15
Elementary · Grades PK–6 · Indianapolis Public Schools
570 students
Brookside School 54
Elementary · Grades PK–6 · Indianapolis Public Schools
415 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 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.
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.
Owning 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.
Rankings
Top-10 lists this ZIP code appears on.
Frequently asked
- How much is a home worth in ZIP code 46201?
- The typical home in 46201 is worth $155,952, based on the Zillow Home Value Index.
- Are home values rising in 46201?
- Home values in 46201 are down 5.5% over the past year, and up 2.8% a year over five years.
- What is the typical rent in 46201?
- A typical home in 46201 rents for about $1,205 a month, a gross rental yield of 9.3%.
- What is the property tax rate in 46201?
- The effective property tax rate in 46201 is 0.9% — roughly $1,451 a year on a typical home.
- Who lives in 46201?
- ZIP code 46201 has a population of 30,335 and a median household income of $49,195.
#Comparable ZIPs
Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.
Elwood, IN
- Typical home
- $154,261
- Gross yield
- —
Indianapolis city (balance), IN
- Typical home
- $159,549
- Gross yield
- 9.6%
Indianapolis city (balance), IN
- Typical home
- $165,086
- Gross yield
- 8.2%
Indianapolis city (balance), IN
- Typical home
- $171,756
- Gross yield
- 10.4%
Indianapolis city (balance), IN
- Typical home
- $175,833
- Gross yield
- 9.9%
Anderson, IN
- Typical home
- $178,946
- Gross yield
- 7.3%
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
Compare ZIPs
Pit ZIP 46201 against any other ZIP — full side-by-side table.
#Articles featuring this ZIP
Explainers, guides, and lists that use 46201 as an example.
- ListicleThe 10 Highest Rental-Yield ZIP Codes in America
The ten U.S. ZIP codes with the highest rental yield right now, plus what makes each one work — and what to watch out for before you buy.
- ExplainerWhat Is Cap Rate? A Guide for Rental Investors
Cap rate is the simplest yield metric in real estate. It is also the most-abused. This guide explains the math, the common traps, and how investors actually use it to compare properties.
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