Gross rental yield of 6.5% — ranked #84 of 175 Indiana ZIP codes. June 2026 data.
| Metric | 1-year change | 5-year change |
|---|---|---|
| Home value | +4.5% | +31.3% |
| Market rent | +7.7% | — |
Metro: Elkhart-Goshen, IN · County: Elkhart County · Annual rent: $12,444
Similar home values, sorted by yield — the cheapest way to see if 46516 is actually the better buy.
| ZIP | City | ST | Home value | Rent/mo | Yield | P/R | Value 1y |
|---|---|---|---|---|---|---|---|
| 46323 | Hammond | IN | $191,285 | $1,512 | 9.49% | 10.5 | +1.4% |
| 46107 | Beech Grove | IN | $193,599 | $1,290 | 8.00% | 12.5 | -1.4% |
| 46012 | Anderson | IN | $190,066 | $1,118 | 7.06% | 14.2 | +4.0% |
| 47904 | Lafayette | IN | $190,768 | $1,064 | 6.70% | 14.9 | +3.1% |
| 47670 | Princeton | IN | $192,940 | $1,050 | 6.53% | 15.3 | +5.0% |
| 46219 | Indianapolis | IN | $190,922 | $1,009 | 6.34% | 15.8 | -1.1% |
| 47711 | Evansville | IN | $192,261 | $913 | 5.70% | 17.6 | +3.2% |
| 46809 | Fort Wayne | IN | $193,642 | $825 | 5.11% | 19.6 | +5.6% |
Top rental yields in all of Indiana →
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