Indianapolis-Carmel-Anderson, IN · Indiana
Brown County
15,543 residents61 permits TTM$72,644 median HHI4 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$242,500
ACS 5-Year
Cap rate proxy
7.3%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.9%
HUD FMR ÷ ACS HHI
Net migration
+2.39%
IRS SOI
Permits (TTM)
61
Census BPS
Climate risk
19.7
FEMA NRI (0–100)
ZIP code breakdown4 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 47448 | $242,500 | $1,290 | 6.4% | 0.6 | 34.4% |
| 46164 | $242,500 | $1,160 | 5.7% | 0.4 | 20.8% |
| 46160 | $242,500 | $1,110 | 5.5% | 0.4 | 15.6% |
| 47435 | $242,500 | $1,270 | 6.3% | — | 32.3% |
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Demographics
Owner-occupied
85.9%
Census ACS
Vacancy rate
21.6%
Census ACS
Bachelor's degree +
26.0%
Census ACS
Rent burdened
54.5%
Census ACS (>30% income)
Median age
50.9
Census ACS
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