Indianapolis-Carmel-Anderson, IN · Indiana

Putnam County

ZIP 46172

37,091 residents103 permits TTM$76,182 median HHI8 ZIP codesUpdated April 16, 2026
Investor first look

Median home value

$205,800

ACS 5-Year

Cap rate proxy

8.6%

FMR × 0.65 ÷ Home Value

Rent-to-income

13.9%

HUD FMR ÷ ACS HHI

Net migration

+2.21%

IRS SOI

Permits (TTM)

103

Census BPS

Climate risk

42.8

FEMA NRI (0–100)

ZIP 46172

Median home value

Gross yield

Buy Box score

0.8

Section 8 gap

Affordability

P/I: 3.3R/I:

Section 8 detail

SAFMR: Rent: Gap:
ZIP code breakdown8 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldBuy Box scoreSection 8 gap
461720.8
461050.8
461710.8
461280.8
46120$205,800$1,1006.4%0.824.6%
461350.8
46170
46175

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Demographics

Owner-occupied

73.6%

Census ACS

Vacancy rate

7.7%

Census ACS

Bachelor's degree +

19.9%

Census ACS

Rent burdened

40.0%

Census ACS (>30% income)

Median age

38.4

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