Indianapolis-Carmel-Anderson, IN · Indiana
Madison County
ZIP 46012
130,949 residents190 permits TTM$62,632 median HHI14 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$147,700
ACS 5-Year
Cap rate proxy
12.0%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.7%
HUD FMR ÷ ACS HHI
Net migration
+1.85%
IRS SOI
Permits (TTM)
190
Census BPS
Climate risk
77.3
FEMA NRI (0–100)
ZIP 46012
Median home value
—
Gross yield
—
Buy Box score
0.8
Section 8 gap
—
Affordability
P/I: 2.9R/I: 20.4%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown14 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 46016 | — | — | — | 13.7% | 37.1% |
| 46013 | — | — | — | 8.1% | 20.2% |
| 46064 | $330,982 | $1,430 | 5.2% | 7.9% | -51.6% |
| 46036 | $145,203 | $1,100 | 9.1% | 7.7% | 15.8% |
| 46063 | — | — | — | 7.5% | 37.1% |
| 46011 | $204,847 | $1,380 | 8.1% | 7.1% | 12.3% |
| 46012 | — | — | — | 7.0% | 27.9% |
| 46001 | — | — | — | 6.2% | 37.1% |
| 46070 | — | — | — | 6.1% | 37.1% |
| 46017 | — | — | — | 5.9% | 37.1% |
| 46044 | — | — | — | 5.5% | 37.1% |
| 46051 | — | — | — | 5.1% | 37.1% |
| 46048 | — | — | — | 5.1% | 37.1% |
| 46056 | $272,754 | $1,350 | 5.9% | 4.1% | 31.4% |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
70.0%
Census ACS
Vacancy rate
10.5%
Census ACS
Bachelor's degree +
20.1%
Census ACS
Rent burdened
42.1%
Census ACS (>30% income)
Median age
40.8
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