RentYield Atlas

ZIP 46410 — Merrillville, IN: rental yield & market data

Gross rental yield of 7.56% — ranked #50 of 175 Indiana ZIP codes. June 2026 data.

Gross rental yield
7.56%
Home value
$246,132
Market rent / mo
$1,550
Price-to-rent
13.2

Trend

Metric1-year change5-year change
Home value+0.6% +23.3%
Market rent+4.5%

Metro: Chicago-Naperville-Elgin, IL-IN-WI · County: Lake County · Annual rent: $18,600

Comparable ZIP codes in Indiana

Similar home values, sorted by yield — the cheapest way to see if 46410 is actually the better buy.

ZIPCitySTHome valueRent/moYieldP/RValue 1y
47708EvansvilleIN$241,304$1,5287.60%13.2-1.8%
46815Fort WayneIN$250,945$1,5467.39%13.5+3.1%
46342HobartIN$242,972$1,3586.70%14.9+0.7%
47715EvansvilleIN$243,134$1,3126.48%15.4+4.6%
46514ElkhartIN$253,045$1,3406.35%15.7+5.7%
46360Michigan CityIN$239,353$1,1145.59%17.9+5.0%
46614Gulivoire ParkIN$247,960$1,1475.55%18.0+6.4%
46517ElkhartIN$246,831$9884.80%20.8+5.8%

Top rental yields in all of Indiana →

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