Indianapolis-Carmel-Anderson, IN · Indiana
Tipton County
15,329 residents32 permits TTM$78,309 median HHI4 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$166,000
ACS 5-Year
Cap rate proxy
10.6%
FMR × 0.65 ÷ Home Value
Rent-to-income
13.1%
HUD FMR ÷ ACS HHI
Net migration
+2.07%
IRS SOI
Permits (TTM)
32
Census BPS
Climate risk
8.9
FEMA NRI (0–100)
ZIP code breakdown4 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Buy Box score ↓ | Section 8 gap |
|---|---|---|---|---|---|
| 46072 | $166,000 | $1,370 | 9.9% | 0.9 | 60.4% |
| 46076 | — | — | — | 0.9 | — |
| 46068 | — | — | — | 0.8 | — |
| 46049 | $166,000 | $1,370 | 9.9% | — | 60.4% |
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Demographics
Owner-occupied
81.8%
Census ACS
Vacancy rate
8.4%
Census ACS
Bachelor's degree +
24.9%
Census ACS
Rent burdened
25.3%
Census ACS (>30% income)
Median age
44.5
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