Indianapolis-Carmel-Anderson, IN Metro Area - Investment Guide

Metro Area • 73 Cities • 116 ZIP Codes

Avg Home Value $296,709
Avg Monthly Rent $1,420
Avg Cap Rate 4.04%
Avg Investability 3.0 ★
Cities 73
ZIP Codes 116

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🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS

Best ZIP codes in Indianapolis-Carmel-Anderson, IN

Every ZIP in the metro, ranked four ways. Free.

Cash Flow → Appreciation → Affordable →

Cities in Indianapolis-Carmel-Anderson, IN

Advance Indiana 1 ZIPs Alexandria Indiana 1 ZIPs Amo Indiana 1 ZIPs Anderson Indiana 7 ZIPs Arcadia Indiana 1 ZIPs Atlanta Indiana 1 ZIPs Avon Indiana 1 ZIPs Bainbridge Indiana 1 ZIPs Bargersville Indiana 1 ZIPs Beech Grove Indiana 1 ZIPs Boggstown Indiana 1 ZIPs Brooklyn Indiana 1 ZIPs Brownsburg Indiana 1 ZIPs Carmel Indiana 3 ZIPs Charlottesville Indiana 1 ZIPs Cicero Indiana 1 ZIPs Clayton Indiana 1 ZIPs Cloverdale Indiana 1 ZIPs Coatesville Indiana 1 ZIPs Danville Indiana 1 ZIPs Edinburgh Indiana 1 ZIPs Elwood Indiana 1 ZIPs Fairland Indiana 1 ZIPs Fillmore Indiana 1 ZIPs Fishers Indiana 3 ZIPs Fountaintown Indiana 1 ZIPs Franklin Indiana 1 ZIPs Frankton Indiana 1 ZIPs Greencastle Indiana 1 ZIPs Greenfield Indiana 1 ZIPs Greenwood Indiana 2 ZIPs Indianapolis Indiana 35 ZIPs Ingalls Indiana 1 ZIPs Jamestown Indiana 1 ZIPs Lapel Indiana 1 ZIPs Lawrence Indiana 2 ZIPs Lebanon Indiana 1 ZIPs Lizton Indiana 1 ZIPs Manilla Indiana 1 ZIPs Markleville Indiana 1 ZIPs Martinsville Indiana 1 ZIPs McCordsville Indiana 1 ZIPs Monrovia Indiana 1 ZIPs Mooresville Indiana 1 ZIPs Morgantown Indiana 1 ZIPs Morristown Indiana 1 ZIPs Nashville Indiana 1 ZIPs Needham Indiana 1 ZIPs New Palestine Indiana 1 ZIPs Nineveh Indiana 1 ZIPs Noblesville Indiana 2 ZIPs North Salem Indiana 1 ZIPs Orestes Indiana 1 ZIPs Paragon Indiana 1 ZIPs Pendleton Indiana 1 ZIPs Pittsboro Indiana 1 ZIPs Plainfield Indiana 1 ZIPs Reelsville Indiana 1 ZIPs Roachdale Indiana 1 ZIPs Russellville Indiana 1 ZIPs Shelbyville Indiana 1 ZIPs Sheridan Indiana 1 ZIPs Speedway Indiana 1 ZIPs Stilesville Indiana 1 ZIPs Summitville Indiana 1 ZIPs Thorntown Indiana 1 ZIPs Trafalgar Indiana 1 ZIPs Waldron Indiana 2 ZIPs Westfield Indiana 1 ZIPs Whiteland Indiana 1 ZIPs Whitestown Indiana 1 ZIPs Wilkinson Indiana 1 ZIPs Zionsville Indiana 1 ZIPs

Top ZIP Codes by Investability

ZIP Code City State Home Value Rent Cap Rate Rating
46016 Anderson IN $79,059 $962 9.49% 5.0 ★
46016 Anderson IN $86,403 $968 8.74% 5.0 ★
46218 Indianapolis IN $115,342 $1,280 8.66% 5.0 ★
46016 Anderson IN $79,059 $962 9.49% 5.0 ★
46016 Anderson IN $85,059 $930 8.52% 5.0 ★
46218 Indianapolis IN $117,267 $1,226 8.16% 5.0 ★
46016 Anderson IN $84,473 $959 8.85% 5.0 ★
46016 Anderson IN $81,365 $927 8.88% 5.0 ★
46218 Indianapolis IN $118,267 $1,205 7.95% 5.0 ★
46016 Anderson IN $87,009 $961 8.62% 5.0 ★
46235 Indianapolis IN $214,742 $1,723 6.26% 4.0 ★
46222 Indianapolis IN $126,888 $1,180 7.26% 4.0 ★
46218 Indianapolis IN $116,896 $1,146 7.64% 4.0 ★
46222 Indianapolis IN $128,674 $1,194 7.24% 4.0 ★
46241 Indianapolis IN $153,897 $1,188 6.02% 4.0 ★
46235 Indianapolis IN $214,742 $1,723 6.26% 4.0 ★
46218 Indianapolis IN $113,174 $1,073 7.40% 4.0 ★
46222 Indianapolis IN $127,811 $1,101 6.72% 4.0 ★
46241 Indianapolis IN $153,897 $1,188 6.02% 4.0 ★
46208 Indianapolis IN $175,826 $1,380 6.12% 4.0 ★
46048 Ingalls IN $224,648 $1,845 6.41% 4.0 ★
46218 Indianapolis IN $112,615 $1,126 7.80% 4.0 ★
46222 Indianapolis IN $126,888 $1,180 7.26% 4.0 ★
46218 Indianapolis IN $112,615 $1,126 7.80% 4.0 ★
46040 Fishers IN $491,214 $1,874 2.98% 3.0 ★
46074 Westfield IN $491,228 $1,932 3.07% 3.0 ★
46118 Clayton IN $336,389 $1,116 2.59% 3.0 ★
46147 Jamestown IN $348,665 $1,134 2.54% 3.0 ★
46168 Plainfield IN $323,418 $1,677 4.04% 3.0 ★
46227 Indianapolis IN $230,930 $1,342 4.53% 3.0 ★
46280 Carmel IN $331,787 $1,682 3.95% 3.0 ★
46052 Lebanon IN $301,056 $1,766 4.58% 3.0 ★
46103 Amo IN $195,893 $1,287 5.12% 3.0 ★
46124 Edinburgh IN $222,362 $990 3.47% 3.0 ★
46158 Mooresville IN $307,961 $1,233 3.12% 3.0 ★
46176 Shelbyville IN $228,694 $1,110 3.79% 3.0 ★
46217 Indianapolis IN $259,572 $1,567 4.71% 3.0 ★
46033 Carmel IN $599,338 $2,495 3.25% 3.0 ★
46063 Orestes IN $122,204 $981 6.26% 3.0 ★
46111 Brooklyn IN $190,131 $1,224 5.02% 3.0 ★
46131 Franklin IN $286,619 $1,821 4.96% 3.0 ★
46163 New Palestine IN $383,963 $1,242 2.52% 3.0 ★
46186 Wilkinson IN $272,083 $1,188 3.41% 3.0 ★
46240 Indianapolis IN $373,832 $1,515 3.16% 3.0 ★
46112 Brownsburg IN $354,359 $1,928 4.24% 3.0 ★
46135 Greencastle IN $248,425 $1,050 3.30% 3.0 ★
46164 Nineveh IN $367,204 $1,044 2.22% 3.0 ★
46201 Indianapolis IN $148,358 $1,165 6.13% 3.0 ★
46224 Speedway IN $199,382 $1,072 4.19% 3.0 ★
46241 Indianapolis IN $159,162 $1,271 6.23% 3.0 ★

Showing top 50 of 116 ZIP codes. View all →

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About Indianapolis-Carmel-Anderson, IN Real Estate Market

The Indianapolis-Carmel-Anderson, IN metropolitan statistical area (MSA) encompasses 73 cities and 116 ZIP codes. The average home value across the metro is $296,709, with an average monthly rent of $1,420. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.