The top 50 of 175 Indiana ZIP codes ranked by gross rental yield — home value, market rent, price-to-rent and 1-year appreciation for each.
| # | ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|---|
| 1 | 46407 | Gary | IN | $59,994 | $1,108 | 22.17% | 4.5 | -1.0% |
| 2 | 46409 | Gary | IN | $76,968 | $1,349 | 21.03% | 4.8 | -6.4% |
| 3 | 46404 | Gary | IN | $101,923 | $1,435 | 16.90% | 5.9 | +3.3% |
| 4 | 46408 | Gary | IN | $113,818 | $1,441 | 15.19% | 6.6 | -4.5% |
| 5 | 47807 | Terre Haute | IN | $77,209 | $867 | 13.48% | 7.4 | -14.6% |
| 6 | 46016 | Anderson | IN | $87,009 | $961 | 13.26% | 7.5 | +0.5% |
| 7 | 46613 | South Bend | IN | $113,930 | $1,212 | 12.76% | 7.8 | +7.7% |
| 8 | 46218 | Indianapolis | IN | $117,267 | $1,226 | 12.55% | 8.0 | -3.2% |
| 9 | 46320 | Hammond | IN | $146,088 | $1,389 | 11.41% | 8.8 | +2.6% |
| 10 | 47305 | Muncie | IN | $84,117 | $796 | 11.35% | 8.8 | -2.9% |
| 11 | 46222 | Indianapolis | IN | $128,961 | $1,214 | 11.30% | 8.8 | -4.6% |
| 12 | 47713 | Evansville | IN | $104,764 | $982 | 11.25% | 8.9 | +4.5% |
| 13 | 46405 | Lake Station | IN | $159,801 | $1,450 | 10.89% | 9.2 | -1.4% |
| 14 | 46203 | Indianapolis | IN | $170,542 | $1,536 | 10.81% | 9.3 | -1.6% |
| 15 | 46953 | Marion | IN | $108,770 | $959 | 10.58% | 9.5 | -0.5% |
| 16 | 47804 | Terre Haute | IN | $108,124 | $948 | 10.52% | 9.5 | -1.1% |
| 17 | 46403 | Gary | IN | $155,610 | $1,348 | 10.40% | 9.6 | -1.3% |
| 18 | 46327 | Hammond | IN | $157,677 | $1,362 | 10.37% | 9.6 | -3.9% |
| 19 | 47302 | Muncie | IN | $107,554 | $927 | 10.34% | 9.7 | +0.4% |
| 20 | 46806 | Fort Wayne | IN | $118,995 | $1,006 | 10.14% | 9.9 | +0.6% |
| 21 | 46802 | Fort Wayne | IN | $141,552 | $1,196 | 10.14% | 9.9 | -2.5% |
| 22 | 46324 | Hammond | IN | $185,061 | $1,553 | 10.07% | 9.9 | +0.9% |
| 23 | 46235 | Indianapolis | IN | $219,881 | $1,801 | 9.83% | 10.2 | -1.3% |
| 24 | 46241 | Indianapolis | IN | $159,162 | $1,271 | 9.59% | 10.4 | +0.0% |
| 25 | 46231 | Indianapolis | IN | $260,056 | $2,075 | 9.57% | 10.4 | -0.2% |
| 26 | 46201 | Indianapolis | IN | $156,156 | $1,240 | 9.53% | 10.5 | -5.7% |
| 27 | 46616 | South Bend | IN | $154,536 | $1,225 | 9.51% | 10.5 | +6.8% |
| 28 | 46323 | Hammond | IN | $191,285 | $1,512 | 9.49% | 10.5 | +1.4% |
| 29 | 46225 | Indianapolis | IN | $178,096 | $1,397 | 9.42% | 10.6 | -4.7% |
| 30 | 46312 | East Chicago | IN | $130,983 | $1,019 | 9.33% | 10.7 | -5.6% |
| 31 | 46229 | Indianapolis | IN | $221,123 | $1,712 | 9.29% | 10.8 | -2.2% |
| 32 | 46601 | South Bend | IN | $156,540 | $1,196 | 9.17% | 10.9 | +4.2% |
| 33 | 46234 | Indianapolis | IN | $283,186 | $2,124 | 9.00% | 11.1 | +0.5% |
| 34 | 46615 | South Bend | IN | $185,544 | $1,379 | 8.92% | 11.2 | +6.0% |
| 35 | 46226 | Indianapolis | IN | $165,123 | $1,209 | 8.78% | 11.4 | -1.6% |
| 36 | 46184 | Whiteland | IN | $271,737 | $1,939 | 8.56% | 11.7 | +1.2% |
| 37 | 46113 | Indianapolis | IN | $281,563 | $2,002 | 8.53% | 11.7 | -0.2% |
| 38 | 47714 | Evansville | IN | $148,030 | $1,052 | 8.53% | 11.7 | +4.2% |
| 39 | 47803 | Terre Haute | IN | $183,062 | $1,288 | 8.44% | 11.8 | +0.9% |
| 40 | 46303 | Cedar Lake | IN | $338,010 | $2,349 | 8.34% | 12.0 | +2.0% |
| 41 | 46208 | Indianapolis | IN | $178,316 | $1,234 | 8.31% | 12.0 | -5.3% |
| 42 | 47303 | Muncie | IN | $147,923 | $1,012 | 8.21% | 12.2 | +2.9% |
| 43 | 46628 | South Bend | IN | $181,551 | $1,222 | 8.08% | 12.4 | +6.5% |
| 44 | 46221 | Indianapolis | IN | $212,164 | $1,418 | 8.02% | 12.5 | +0.4% |
| 45 | 46107 | Beech Grove | IN | $193,599 | $1,290 | 8.00% | 12.5 | -1.4% |
| 46 | 46239 | Indianapolis | IN | $298,267 | $1,944 | 7.82% | 12.8 | +0.3% |
| 47 | 46807 | Fort Wayne | IN | $172,129 | $1,094 | 7.63% | 13.1 | -0.4% |
| 48 | 47708 | Evansville | IN | $241,304 | $1,528 | 7.60% | 13.2 | -1.8% |
| 49 | 46131 | Franklin | IN | $285,755 | $1,808 | 7.59% | 13.2 | +1.8% |
| 50 | 46410 | Merrillville | IN | $246,132 | $1,550 | 7.56% | 13.2 | +0.6% |
Average yield across this top 50: 10.39%. Excludes ZIPs under $50,000 home value.
This page shows 50 of 175 Indiana ZIPs. CSV, opens in Excel / Sheets / pandas. 13 columns incl. metro, county, price-to-rent, 1y & 5y value and rent growth.
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