What is the median home value in ZIP 46202 in Marion County, IN?

The median home value in ZIP 46202 in Marion County, IN is $345,055, according to the latest Census ACS 5-Year Estimates.

What is the rent-to-income ratio in ZIP 46202?

The rent-to-income ratio in ZIP 46202 is 26.9%, based on HUD Fair Market Rent divided by Census median household income. This is within the affordable range (under 30% of household income).

Indianapolis-Carmel-Anderson, IN · Indiana

Marion County

ZIP 46202

971,822 residents1,346 permits TTM$63,450 median HHI36 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$207,000

ACS 5-Year

Cap rate proxy

8.5%

FMR × 0.65 ÷ Home Value

Rent-to-income

20.9%

HUD FMR ÷ ACS HHI

Net migration

+2.18%

IRS SOI

Permits (TTM)

1,346

Census BPS

Climate risk

97.5

FEMA NRI (0–100)

ZIP 46202

Median home value

$345,055

Gross yield

6.4%

Cap rate

4.9%

Rent gap

23.2%

Affordability

P/I: 5.4R/I: 26.9%

Section 8 detail

SAFMR: $1,850Rent: $1,107Gap: 67.1%

ZIP code breakdown36 ZIP codes

ZIP	Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
46222	$127,811	$1,370	12.9%	10.3%	19.6%
46218	$113,174	$1,260	13.4%	11.4%	14.8%
46226	$159,346	$1,340	10.1%	8.7%	14.0%
46201	$148,358	$1,280	10.4%	9.4%	9.0%
46241	$154,122	$1,410	11.0%	10.2%	7.0%

Ranked by composite score

Median home value	Rent (FMR 2BR)	Gross yield	Cap rate	Rent gap
$164,129	$1,320	9.7%	10.5%	-8.8%
$168,202	$1,330	9.5%	10.4%	-9.6%
$175,206	$1,350	9.2%	9.6%	-4.2%
$207,879	$1,440	8.3%	9.0%	-8.2%
$215,134	$1,300	7.3%	9.0%	-23.6%
$215,361	$1,250	7.0%	8.8%	-26.6%
$188,585	$1,350	8.6%	8.5%	0.8%
$256,922	$1,620	7.6%	8.3%	-9.8%
$290,210	$1,640	6.8%	7.9%	-16.3%
$255,136	$1,730	8.1%	7.7%	5.0%
$264,423	$1,780	8.1%	7.2%	11.0%
$196,989	$1,370	8.3%	7.2%	14.1%
$248,739	$1,530	7.4%	7.0%	5.0%
$217,495	$1,440	7.9%	7.0%	11.9%
$183,816	$1,340	8.7%	7.0%	20.1%
$224,631	$1,320	7.1%	7.0%	1.0%
$323,128	$2,120	7.9%	6.7%	15.4%
$227,251	$1,350	7.1%	6.6%	7.9%
$207,000county est.	$1,560	9.0%	6.4%	29.0%
$207,000county est.	$1,410	8.2%	6.4%	21.5%
$306,189	$1,650	6.5%	6.2%	4.7%
$249,861	$1,500	7.2%	5.9%	18.3%
$339,530	$2,170	7.7%	5.6%	27.6%
$334,251	$1,690	6.1%	5.4%	10.2%
$357,474	$1,740	5.8%	5.3%	10.0%
$320,058	$1,630	6.1%	5.2%	15.6%
$345,055	$1,850	6.4%	4.9%	23.2%
$299,216	$1,490	6.0%	4.9%	18.7%
$338,639	$1,430	5.1%	4.5%	10.2%
$366,380	$1,600	5.2%	3.6%	30.8%
$421,132	$1,720	4.9%	3.2%	35.6%

Demographics

Owner-occupied

55.9%

Census ACS

Vacancy rate

9.7%

Census ACS

Bachelor's degree +

34.1%

Census ACS

Rent burdened

48.4%

Census ACS (>30% income)

Median age

34.3

Census ACS

Data sources

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

Marion County

See all 36 ZIPs ranked by yield and cap rate