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

This metro is one of hundreds you can screen side by side — filter by the numbers that matter and get alerts when they move. See plans →

🏦 30-yr Fixed Rate: 7.28% as of Oct 1 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 $87,009 $961 8.62% 5.0 ★
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 ★
46218 Indianapolis IN $112,615 $1,126 7.80% 4.0 ★
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 ★
46205 Indianapolis IN $258,753 $1,407 4.24% 3.0 ★
46228 Indianapolis IN $266,212 $1,602 4.69% 3.0 ★
46280 Carmel IN $351,424 $1,963 4.36% 3.0 ★
46055 McCordsville IN $403,044 $2,388 4.62% 3.0 ★
46105 Bainbridge IN $287,720 $927 2.51% 3.0 ★
46124 Edinburgh IN $233,264 $990 3.31% 3.0 ★
46158 Mooresville IN $317,627 $1,233 3.03% 3.0 ★
46180 Stilesville IN $279,730 $1,107 3.09% 3.0 ★
46235 Indianapolis IN $219,881 $1,801 6.39% 3.0 ★
46034 Cicero IN $397,409 $1,350 2.65% 3.0 ★
46064 Pendleton IN $330,360 $2,045 4.83% 3.0 ★
46111 Brooklyn IN $197,046 $1,224 4.85% 3.0 ★
46135 Greencastle IN $241,643 $1,144 3.69% 3.0 ★
46164 Nineveh IN $357,845 $1,044 2.28% 3.0 ★
46186 Wilkinson IN $285,163 $1,188 3.25% 3.0 ★
46222 Indianapolis IN $130,958 $1,223 7.28% 3.0 ★
46241 Indianapolis IN $154,122 $1,311 6.64% 3.0 ★
46001 Alexandria IN $174,791 $990 4.42% 3.0 ★
46259 Indianapolis IN $367,792 $2,082 4.41% 3.0 ★
46040 Fishers IN $506,267 $1,831 2.82% 3.0 ★
46074 Westfield IN $506,832 $2,086 3.21% 3.0 ★
46120 Cloverdale IN $250,094 $990 3.09% 3.0 ★
46149 Lizton IN $344,499 $1,350 3.06% 3.0 ★
46168 Plainfield IN $337,073 $1,738 4.02% 3.0 ★
46011 Anderson IN $205,417 $1,242 4.72% 3.0 ★
46260 Indianapolis IN $300,024 $1,274 3.31% 3.0 ★

Showing top 50 of 116 ZIP codes. View all →

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
Open the Market Finder →
Free to search · investor plans from $19/mo

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.