Indianapolis-Carmel-Anderson, IN · Indiana
Johnson County
ZIP 46131
163,983 residents1,313 permits TTM$87,227 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$260,400
ACS 5-Year
Cap rate proxy
6.8%
FMR × 0.65 ÷ Home Value
Rent-to-income
16.6%
HUD FMR ÷ ACS HHI
Net migration
+2.86%
IRS SOI
Permits (TTM)
1,313
Census BPS
Climate risk
74.7
FEMA NRI (0–100)
ZIP 46131
Median home value
$260,400
Gross yield
6.6%
Buy Box score
0.9
Section 8 gap
18.4%
Affordability
P/I: 3.2R/I: 23.1%
Section 8 detail
SAFMR: $1,430Rent: $1,208Gap: 18.4%
ZIP code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 46184 | $260,400 | $2,200 | 10.1% | 1.0 | 82.1% |
| 46106 | $260,400 | $2,030 | 9.4% | 0.9 | 68.0% |
| 46131 | $260,400 | $1,430 | 6.6% | 0.9 | 18.4% |
| 46143 | $260,400 | $1,770 | 8.2% | 0.9 | 46.5% |
| 46181 | $260,400 | $1,460 | 6.7% | 0.8 | 20.9% |
| 46142 | $260,400 | $1,410 | 6.5% | 0.7 | 16.7% |
| 46162 | $260,400 | $1,480 | 6.8% | — | 22.5% |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
73.9%
Census ACS
Vacancy rate
5.1%
Census ACS
Bachelor's degree +
33.3%
Census ACS
Rent burdened
40.5%
Census ACS (>30% income)
Median age
38.1
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