How much is a home worth in ZIP code 46268?

The typical home in 46268 is worth $255,897, based on the Zillow Home Value Index.

Are home values rising in 46268?

Home values in 46268 are up 1.0% over the past year, and up 6.1% a year over five years.

What is the typical rent in 46268?

A typical home in 46268 rents for about $1,481 a month, a gross rental yield of 6.9%.

What is the property tax rate in 46268?

The effective property tax rate in 46268 is 0.8% — roughly $2,097 a year on a typical home.

ZIP code 46268 has a population of 25,913 and a median household income of $68,631.

HousingHandbookReference data

…

U.S. ZIP Code · IN46268

Marion County · Indianapolis-Carmel-Greenwood, IN

Typical home value

$255,897^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.0%
5-year / yr: +6.1%
10-year / yr: +7.7%

Relative price

vs U.S.: -9.9%
vs metro: -11.4%
vs state: +10.6%

Price history

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

The typical home in 46268 is worth $255,897 — 11.4% below the Indianapolis-Carmel-Greenwood, IN median. Over the past year, values have risen 1.0%. Homes here rent for a typical $1,481 a month — a 6.9% 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: $1,481^[2]
Gross yield: 6.9%^[2]
Cap rate: 4.2%^[2]

#Property tax

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

Effective tax rate: 0.8%^[3]
Typical annual tax: $2,097^[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: 25,913^[3]
Median household income: $68,631^[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: 7
Elementary: 4
Middle: 2
High: 1

Pike High School
High · Grades 9–12 · MSD Pike Township
3,193 students
New Augusta Public Academy - North
Middle · Grades 6–8 · MSD Pike Township
768 students
Lincoln Middle School
Middle · Grades 6–8 · MSD Pike Township
765 students
Central Elementary School
Elementary · Grades K–5 · MSD Pike Township
642 students
Eastbrook Elementary School
Elementary · Grades PK–5 · MSD Pike Township
521 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 yield6.9%

Net yield (after ~40% expenses)4.2%

Annual rent$17,776

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$1,294

Loan principal$204,718

Down payment$51,179

Total interest paid$261,106

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 ratio1.14

Monthly cost to own$1,682

Monthly rent$1,481

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: 64th percentile^[1]
Rental yield: 59th percentile^[2]
Property tax: 65th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 46268?: The typical home in 46268 is worth $255,897, based on the Zillow Home Value Index.
Are home values rising in 46268?: Home values in 46268 are up 1.0% over the past year, and up 6.1% a year over five years.
What is the typical rent in 46268?: A typical home in 46268 rents for about $1,481 a month, a gross rental yield of 6.9%.
What is the property tax rate in 46268?: The effective property tax rate in 46268 is 0.8% — roughly $2,097 a year on a typical home.
Who lives in 46268?: ZIP code 46268 has a population of 25,913 and a median household income of $68,631.

#Comparable ZIPs

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

46205 vs 46268 →
Indianapolis city (balance), IN
Typical home
$258,753
Gross yield
6.5%
46217 vs 46268 →
Indianapolis city (balance), IN
Typical home
$259,572
Gross yield
7.2%
46231
Indianapolis city (balance), IN
Typical home
$259,605
Gross yield
9.9%
46237
Indianapolis city (balance), IN
Typical home
$261,738
Gross yield
7.7%
46068
Sharpsville, IN
Typical home
$265,035
Gross yield
—
46117
IN
Typical home
$265,295
Gross yield
—

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Pit ZIP 46268 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · IN46268

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