Indianapolis-Carmel-Anderson, IN · Indiana

Boone County

ZIP 46102

72,827 residents1,206 permits TTM$104,865 median HHI6 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$341,800

ACS 5-Year

Cap rate proxy

5.2%

FMR × 0.65 ÷ Home Value

Rent-to-income

14.7%

HUD FMR ÷ ACS HHI

Net migration

+2.66%

IRS SOI

Permits (TTM)

1,206

Census BPS

Climate risk

43.2

FEMA NRI (0–100)

ZIP 46102

Median home value

$341,800

Gross yield

5.0%

Buy Box score

Section 8 gap

11.5%

Affordability

P/I: 2.0R/I:

Section 8 detail

SAFMR: $1,430Rent: $1,283Gap: 11.5%
ZIP code breakdown6 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
46075$341,800$2,1507.5%1.067.6%
46052$341,800$1,2304.3%0.9-4.1%
46071$341,800$1,2704.5%0.9-1.0%
46147$341,800$1,2604.4%0.8-1.8%
46077$341,800$2,1207.4%0.465.2%
46102$341,800$1,4305.0%11.5%

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Demographics

Owner-occupied

79.3%

Census ACS

Vacancy rate

3.7%

Census ACS

Bachelor's degree +

50.5%

Census ACS

Rent burdened

35.6%

Census ACS (>30% income)

Median age

38.3

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026