HousingHandbookReference data

U.S. ZIP Code · IN46953

Grant County

Typical home value

$105,582[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.4%
5-year / yr
+5.8%
10-year / yr
+6.0%

Relative price

vs U.S.
-62.8%
vs metro
vs state
-54.4%
ZIP 46953 location in IN
Location of ZIP 46953 in IN

Price history

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

The typical home in 46953 is worth $105,582. Over the past year, values have risen 0.4%. Homes here rent for a typical $900 a month — a 10.2% gross rental yield. 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
$900[2]
Gross yield
10.2%[2]
Cap rate
6.1%[2]

#Property tax

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

Effective tax rate
0.6%[3]
Typical annual tax
$621[3]

#Climate risk

FEMA National Risk Index ratings for Grant 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 Moderate

#Who lives here

Population
23,372[3]
Median household income
$46,288[3]

#Migration

Household moves in and out of Grant County over a year, from IRS tax-return data.

Net migration
+51[5]
Moved in
1,326
Moved out
1,275

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
6
Elementary
1
Middle
2
High
3
  • Marion High School

    High · Grades 9–12 · Marion Community Schools

    1,052 students

  • Eastbrook High School

    High · Grades 9–12 · Eastbrook Community Sch Corp

    506 students

  • John L McCulloch Junior High Sch

    Middle · Grades 7–8 · Marion Community Schools

    499 students

  • Frances Slocum Elem School

    Elementary · Grades PK–4 · Marion Community Schools

    462 students

  • Eastbrook Middle School

    Middle · Grades 6–8 · Eastbrook Community Sch Corp

    388 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 yield10.2%
Net yield (after ~40% expenses)6.1%
Annual rent$10,797

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$534
Loan principal$84,466
Down payment$21,116
Total interest paid$107,732

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 ratio0.75
Monthly cost to own$674
Monthly rent$900

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.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 46953?
The typical home in 46953 is worth $105,582, based on the Zillow Home Value Index.
Are home values rising in 46953?
Home values in 46953 are up 0.4% over the past year, and up 5.8% a year over five years.
What is the typical rent in 46953?
A typical home in 46953 rents for about $900 a month, a gross rental yield of 10.2%.
What is the property tax rate in 46953?
The effective property tax rate in 46953 is 0.6% — roughly $621 a year on a typical home.
Who lives in 46953?
ZIP code 46953 has a population of 23,372 and a median household income of $46,288.

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