Indianapolis-Carmel-Anderson, IN · Indiana
Hamilton County
ZIP 46062
357,176 residents4,714 permits TTM$117,957 median HHI13 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$379,100
ACS 5-Year
Cap rate proxy
4.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
14.9%
HUD FMR ÷ ACS HHI
Net migration
+2.70%
IRS SOI
Permits (TTM)
4,714
Census BPS
Climate risk
88.8
FEMA NRI (0–100)
ZIP 46062
Median home value
$429,188
Gross yield
4.8%
Cap rate
4.8%
Rent gap
1.7%
Affordability
P/I: 3.6R/I: 17.3%
Section 8 detail
SAFMR: $1,730Rent: $1,468Gap: 17.8%
ZIP code breakdown13 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 46280 | $330,048 | $2,040 | 7.4% | 6.5% | 11.7% |
| 46290 | $379,100county est. | $1,840 | 5.8% | 4.6% | 20.2% |
| 46031 | $313,809 | $1,410 | 5.4% | 5.6% | -4.1% |
| 46030 | $291,675 | $1,240 | 5.1% | 6.0% | -18.4% |
| 46069 | $330,561 | $1,180 | 4.3% | 5.5% | -29.2% |
Ranked by composite score
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Demographics
Owner-occupied
76.3%
Census ACS
Vacancy rate
5.1%
Census ACS
Bachelor's degree +
61.8%
Census ACS
Rent burdened
39.1%
Census ACS (>30% income)
Median age
38.0
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