Gross rental yield of 4.63% — ranked #165 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: Morgan County · Annual rent: $13,776
Similar home values, sorted by yield — the cheapest way to see if 46151 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 46239 | Indianapolis | IN | $298,267 | $1,944 | 7.82% | 12.8 | +0.3% |
| 46131 | Franklin | IN | $285,755 | $1,808 | 7.59% | 13.2 | +1.8% |
| 46052 | Lebanon | IN | $301,402 | $1,761 | 7.01% | 14.3 | +4.5% |
| 46140 | Greenfield | IN | $298,751 | $1,562 | 6.27% | 15.9 | +2.1% |
| 47203 | Columbus | IN | $291,574 | $1,395 | 5.74% | 17.4 | +2.2% |
| 47172 | Sellersburg | IN | $304,585 | $1,303 | 5.13% | 19.5 | +1.1% |
| 47905 | Lafayette | IN | $300,321 | $1,215 | 4.85% | 20.6 | +2.6% |
| 46706 | Auburn | IN | $284,860 | $972 | 4.09% | 24.4 | +5.2% |
Top rental yields in all of Indiana →
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