Indianapolis-Carmel-Anderson, IN · Indiana
Madison County
ZIP 46056
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 46056
Median home value
$147,700
Gross yield
11.0%
Buy Box score
0.6
Section 8 gap
45.8%
Affordability
P/I: 4.4R/I: —
Section 8 detail
SAFMR: $1,350Rent: $926Gap: 45.8%
ZIP code breakdown14 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 46016 | — | — | — | 1.0 | — |
| 46013 | — | — | — | 0.9 | — |
| 46011 | $147,700 | $1,380 | 11.2% | 0.9 | 49.0% |
| 46012 | — | — | — | 0.8 | — |
| 46064 | $147,700 | $1,430 | 11.6% | 0.8 | 54.4% |
| 46001 | — | — | — | 0.8 | — |
| 46070 | — | — | — | 0.8 | — |
| 46017 | — | — | — | 0.8 | — |
| 46036 | $147,700 | $1,100 | 8.9% | 0.7 | 18.8% |
| 46044 | — | — | — | 0.7 | — |
| 46051 | — | — | — | 0.7 | — |
| 46048 | — | — | — | 0.7 | — |
| 46056 | $147,700 | $1,350 | 11.0% | 0.6 | 45.8% |
| 46063 | — | — | — | — | — |
Sort by any column. Click a ZIP for detail.
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