Gross rental yield of 4.11% — ranked #171 of 175 Indiana ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +1.8% | +28.8% |
| Market rent | — | — |
Metro: Indianapolis-Carmel-Anderson, IN · County: Hamilton County · Annual rent: $20,904
Similar home values, sorted by yield — the cheapest way to see if 46040 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 46530 | Granger | IN | $424,935 | $2,012 | 5.68% | 17.6 | +4.1% |
| 46814 | Fort Wayne | IN | $464,763 | $1,963 | 5.07% | 19.7 | +2.5% |
| 46033 | Carmel | IN | $599,338 | $2,495 | 5.00% | 20.0 | +4.6% |
| 46037 | Fishers | IN | $479,589 | $1,966 | 4.92% | 20.3 | +1.3% |
| 46074 | Westfield | IN | $509,749 | $2,070 | 4.87% | 20.5 | +2.9% |
| 46062 | Noblesville | IN | $444,209 | $1,783 | 4.82% | 20.8 | +2.4% |
| 46106 | Bargersville | IN | $461,955 | $1,539 | 4.00% | 25.0 | +3.1% |
| 46032 | Carmel | IN | $591,803 | $1,751 | 3.55% | 28.2 | +4.9% |
Top rental yields in all of Indiana →
Screening more than one ZIP? Get every Indiana ZIP and all 49 other states at once. CSV, opens in Excel / Sheets / pandas. 13 columns incl. metro, county, price-to-rent, 1y & 5y value and rent growth.
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