Gross rental yield of 6.7% — ranked #75 of 175 Indiana ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +0.7% | +27.8% |
| Market rent | +7.0% | — |
Metro: Chicago-Naperville-Elgin, IL-IN-WI · County: Lake County · Annual rent: $16,296
Similar home values, sorted by yield — the cheapest way to see if 46342 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 47708 | Evansville | IN | $241,304 | $1,528 | 7.60% | 13.2 | -1.8% |
| 46410 | Merrillville | IN | $246,132 | $1,550 | 7.56% | 13.2 | +0.6% |
| 47715 | Evansville | IN | $243,134 | $1,312 | 6.48% | 15.4 | +4.6% |
| 47150 | New Albany | IN | $238,826 | $1,200 | 6.03% | 16.6 | +3.1% |
| 46360 | Michigan City | IN | $239,353 | $1,114 | 5.59% | 17.9 | +5.0% |
| 46614 | Gulivoire Park | IN | $247,960 | $1,147 | 5.55% | 18.0 | +6.4% |
| 46923 | Delphi | IN | $238,297 | $1,065 | 5.36% | 18.6 | +2.8% |
| 46517 | Elkhart | IN | $246,831 | $988 | 4.80% | 20.8 | +5.8% |
Top rental yields in all of Indiana →
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