RentYield Atlas

ZIP 46204 — Indianapolis, IN: rental yield & market data

Gross rental yield of 5.61% — ranked #128 of 175 Indiana ZIP codes. June 2026 data.

Gross rental yield
5.61%
Home value
$347,197
Market rent / mo
$1,623
Price-to-rent
17.8

Trend

Metric1-year change5-year change
Home value+1.6% -4.6%
Market rent+0.1% +12.1%

Metro: Indianapolis-Carmel-Anderson, IN · County: Marion County · Annual rent: $19,476

Comparable ZIP codes in Indiana

Similar home values, sorted by yield — the cheapest way to see if 46204 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
46064PendletonIN$343,276$2,0687.23%13.8+2.6%
46280CarmelIN$351,424$1,9636.70%14.9+3.8%
46122DanvilleIN$353,955$1,7796.03%16.6+2.2%
47408BloomingtonIN$351,194$1,6755.72%17.5+2.5%
46220IndianapolisIN$350,670$1,5695.37%18.6+0.4%
46202IndianapolisIN$353,093$1,5275.19%19.3-0.5%
46383ValparaisoIN$352,481$1,4094.80%20.8+2.2%
46256IndianapolisIN$351,129$1,2574.29%23.3+1.3%

Top rental yields in all of Indiana →

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