Indianapolis-Carmel-Anderson, IN · Indiana
Morgan County
ZIP 46125
72,202 residents360 permits TTM$79,088 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$220,100
ACS 5-Year
Cap rate proxy
8.0%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.0%
HUD FMR ÷ ACS HHI
Net migration
+2.45%
IRS SOI
Permits (TTM)
360
Census BPS
Climate risk
63.5
FEMA NRI (0–100)
ZIP 46125
Median home value
$220,100
Gross yield
6.7%
Buy Box score
—
Section 8 gap
24.5%
Affordability
P/I: —R/I: —
Section 8 detail
SAFMR: $1,230Rent: $988Gap: 24.5%
ZIP code breakdown8 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 46113 | $220,100 | $1,750 | 9.5% | 1.0 | 77.1% |
| 46158 | $220,100 | $1,370 | 7.5% | 0.8 | 38.7% |
| 46166 | $220,100 | $1,190 | 6.5% | 0.7 | 20.4% |
| 46157 | $220,100 | $1,100 | 6.0% | 0.6 | 11.3% |
| 46151 | $220,100 | $1,230 | 6.7% | 0.4 | 24.5% |
| 46111 | $220,100 | $1,360 | 7.4% | — | 37.7% |
| 46125 | $220,100 | $1,230 | 6.7% | — | 24.5% |
| 46180 | $220,100 | $1,230 | 6.7% | — | 24.5% |
Sort by any column. Click a ZIP for detail.
Demographics
Owner-occupied
82.9%
Census ACS
Vacancy rate
6.8%
Census ACS
Bachelor's degree +
20.6%
Census ACS
Rent burdened
42.1%
Census ACS (>30% income)
Median age
41.6
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