RentYield Atlas

ZIP 46240 — Indianapolis, IN: rental yield & market data

Gross rental yield of 4.86% — ranked #157 of 175 Indiana ZIP codes. June 2026 data.

Gross rental yield
4.86%
Home value
$373,832
Market rent / mo
$1,515
Price-to-rent
20.6

Trend

Metric1-year change5-year change
Home value+1.7% +21.8%
Market rent-0.3% +27.9%

Metro: Indianapolis-Carmel-Anderson, IN · County: Marion County · Annual rent: $18,180

Comparable ZIP codes in Indiana

Similar home values, sorted by yield — the cheapest way to see if 46240 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
46075WhitestownIN$370,754$2,1126.84%14.6+1.2%
46112BrownsburgIN$366,885$2,0016.54%15.3+1.2%
46259IndianapolisIN$379,622$1,9966.31%15.8+1.6%
46307Crown PointIN$363,667$1,7955.92%16.9+1.5%
47906West LafayetteIN$374,532$1,8415.90%17.0+0.8%
46060NoblesvilleIN$361,929$1,7405.77%17.3+2.2%
46385ValparaisoIN$378,413$1,7445.53%18.1+2.9%
46038FishersIN$386,324$1,7485.43%18.4+2.1%

Top rental yields in all of Indiana →

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