How much is a home worth in ZIP code 46236?

The typical home in 46236 is worth $330,314, based on the Zillow Home Value Index.

Are home values rising in 46236?

Home values in 46236 are up 1.4% over the past year, and up 5.2% a year over five years.

What is the typical rent in 46236?

A typical home in 46236 rents for about $1,831 a month, a gross rental yield of 6.7%.

What is the property tax rate in 46236?

The effective property tax rate in 46236 is 0.9% — roughly $3,014 a year on a typical home.

ZIP code 46236 has a population of 26,416 and a median household income of $115,664.

HousingHandbookReference data

…

U.S. ZIP Code · IN46236

Marion County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$330,314^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.4%
5-year / yr: +5.2%
10-year / yr: +6.4%

Relative price

vs U.S.: +16.3%
vs metro: +14.4%
vs state: +42.8%

Price history

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

The typical home in 46236 is worth $330,314 — 14.4% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 1.4%. Homes here rent for a typical $1,831 a month — a 6.7% 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.

Monthly rent: $1,831^[2]
Gross yield: 6.7%^[2]
Cap rate: 4.0%^[2]

#Property tax

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

Effective tax rate: 0.9%^[3]
Typical annual tax: $3,014^[3]

#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

Population: 26,416^[3]
Median household income: $115,664^[3]

#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: 10
Elementary: 9
Middle: 1
High: 0

Early Learning Center
Elementary · Grades PK–K · MSD Lawrence Township
1,328 students
Fall Creek Valley Middle School
Middle · Grades 7–8 · MSD Lawrence Township
1,319 students
Forest Glen Elementary School
Elementary · Grades PK–6 · MSD Lawrence Township
934 students
Amy Beverland Elementary
Elementary · Grades 1–6 · MSD Lawrence Township
808 students
Sunnyside Elementary School
Elementary · Grades K–6 · MSD Lawrence Township
700 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 yield6.7%

Net yield (after ~40% expenses)4.0%

Annual rent$21,968

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$1,670

Loan principal$264,251

Down payment$66,063

Total interest paid$337,038

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 ratio1.20

Monthly cost to own$2,196

Monthly rent$1,831

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: 24th percentile^[1]
Rental yield: 48th percentile^[2]
Property tax: 83rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46236?: The typical home in 46236 is worth $330,314, based on the Zillow Home Value Index.
Are home values rising in 46236?: Home values in 46236 are up 1.4% over the past year, and up 5.2% a year over five years.
What is the typical rent in 46236?: A typical home in 46236 rents for about $1,831 a month, a gross rental yield of 6.7%.
What is the property tax rate in 46236?: The effective property tax rate in 46236 is 0.9% — roughly $3,014 a year on a typical home.
Who lives in 46236?: ZIP code 46236 has a population of 26,416 and a median household income of $115,664.

#Comparable ZIPs

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

46118 vs 46236 →
Clayton, IN
Typical home
$330,280
Gross yield
—
46250 vs 46236 →
Indianapolis city (balance), IN
Typical home
$330,844
Gross yield
5.1%
46168
Plainfield, IN
Typical home
$331,565
Gross yield
6.1%
46143
Greenwood, IN
Typical home
$333,437
Gross yield
5.8%
46031
Atlanta, IN
Typical home
$324,237
Gross yield
—
46121
Heritage Lake CDP, IN
Typical home
$323,584
Gross yield
—

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#Jump to section

U.S. ZIP Code · IN46236

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