HousingHandbookReference data

U.S. ZIP Code · IN46250

Marion County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$330,844[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.2%
5-year / yr
+4.4%
10-year / yr
+6.3%

Relative price

vs U.S.
+16.5%
vs metro
+14.6%
vs state
+43.0%
ZIP 46250 location in IN
Location of ZIP 46250 in IN

Price history

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

The typical home in 46250 is worth $330,844 — 14.6% above the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 0.2%. Homes here rent for a typical $1,413 a month — a 5.1% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent
$1,413[2]
Gross yield
5.1%[2]
Cap rate
3.1%[2]

#Property tax

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

Effective tax rate
1.1%[3]
Typical annual tax
$3,489[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
18,147[3]
Median household income
$67,328[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
2
Elementary
1
Middle
0
High
0
  • Allisonville Elementary School

    Elementary · Grades K–5 · MSD Washington Township

    688 students

  • Dynamic Minds Academy

    Other · Grades K–12 · Dynamic Minds Academy

    130 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 yield5.1%
Net yield (after ~40% expenses)3.1%
Annual rent$16,953

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$1,673
Loan principal$264,675
Down payment$66,169
Total interest paid$337,578

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 ratio1.58
Monthly cost to own$2,238
Monthly rent$1,413

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
8th percentile[1]
Rental yield
19th percentile[2]
Property tax
98th percentile[3]

Frequently asked

How much is a home worth in ZIP code 46250?
The typical home in 46250 is worth $330,844, based on the Zillow Home Value Index.
Are home values rising in 46250?
Home values in 46250 are up 0.2% over the past year, and up 4.4% a year over five years.
What is the typical rent in 46250?
A typical home in 46250 rents for about $1,413 a month, a gross rental yield of 5.1%.
What is the property tax rate in 46250?
The effective property tax rate in 46250 is 1.1% — roughly $3,489 a year on a typical home.
Who lives in 46250?
ZIP code 46250 has a population of 18,147 and a median household income of $67,328.

#Comparable ZIPs

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

  • Lawrence, IN

    Typical home
    $330,314
    Gross yield
    6.7%
  • Clayton, IN

    Typical home
    $330,280
    Gross yield
  • Plainfield, IN

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

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

    Typical home
    $337,110
    Gross yield
  • Atlanta, IN

    Typical home
    $324,237
    Gross yield

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