Gross rental yield of 13.26% — ranked #6 of 175 Indiana ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +0.5% | +34.0% |
| Market rent | +10.6% | — |
Metro: Indianapolis-Carmel-Anderson, IN · County: Madison County · Annual rent: $11,532
Similar home values, sorted by yield — the cheapest way to see if 46016 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 46409 | Gary | IN | $76,968 | $1,349 | 21.03% | 4.8 | -6.4% |
| 46404 | Gary | IN | $101,923 | $1,435 | 16.90% | 5.9 | +3.3% |
| 47807 | Terre Haute | IN | $77,209 | $867 | 13.48% | 7.4 | -14.6% |
| 47305 | Muncie | IN | $84,117 | $796 | 11.35% | 8.8 | -2.9% |
| 47713 | Evansville | IN | $104,764 | $982 | 11.25% | 8.9 | +4.5% |
| 46953 | Marion | IN | $108,770 | $959 | 10.58% | 9.5 | -0.5% |
| 47804 | Terre Haute | IN | $108,124 | $948 | 10.52% | 9.5 | -1.1% |
| 47302 | Muncie | IN | $107,554 | $927 | 10.34% | 9.7 | +0.4% |
Top rental yields in all of Indiana →
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