Indianapolis area rankings: ZIP codes and suburbs by home value, rent and income

September 2026 figures from Zillow and the U.S. Census Bureau · Indianapolis-Carmel-Greenwood, IN metro area · updated 2026-11-15

Typical home value

$292,000

+1.0% in a year · U.S.: $366,000

Typical rent

$1,528

+3.7% in a year · U.S.: $1,932

Median household income

$79,852

U.S.: $80,734

Population

2,205,695

Census estimate, July 2025

12 rankings for the Indianapolis area

Cheapest ZIP codes in the Indianapolis areaFirst place: ZIP code 46016 (Anderson, IN): $80,897 · 107 ZIP codes listed
Most expensive ZIP codes in the Indianapolis areaFirst place: ZIP code 46077 (Zionsville, IN): $696,000 · 107 ZIP codes listed
Where home prices are falling in the Indianapolis areaFirst place: ZIP code 46208 (Indianapolis, IN): −7.0% · 24 ZIP codes listed
Where home prices are rising fastest in the Indianapolis areaFirst place: ZIP code 46165 (North Salem, IN): +6.9% · 83 ZIP codes listed
Cheapest rent in the Indianapolis area, by ZIP codeFirst place: ZIP code 46016 (Anderson, IN): $988 · 62 ZIP codes listed
Highest rent in the Indianapolis area, by ZIP codeFirst place: ZIP code 46055 (McCordsville, IN): $2,244 · 62 ZIP codes listed
Where rents are rising fastest in the Indianapolis areaFirst place: ZIP code 46235 (Indianapolis, IN): +11.8% · 49 ZIP codes listed
Richest ZIP codes in the Indianapolis area, by household incomeFirst place: ZIP code 46077 (Zionsville, IN): $177,679 · 107 ZIP codes listed
Cheapest suburbs of IndianapolisFirst place: Anderson, IN: $133,000 · 31 suburbs listed
Most expensive suburbs of IndianapolisFirst place: Zionsville, IN: $704,000 · 31 suburbs listed
Richest suburbs of Indianapolis, by household incomeFirst place: Zionsville, IN: $172,024 · 31 suburbs listed
Largest suburbs of Indianapolis, by populationFirst place: Fishers, IN: 102,337 · 31 suburbs listed

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Rankings for other metro areas

Sources

Home values: Zillow ZHVI (Sep 2026). Rents: Zillow ZORI (Sep 2026), seasonally adjusted (Zillow). Income and the population of ZIP codes, cities and towns: U.S. Census Bureau, ACS 2020–24 5-year estimates. ZIP codes with fewer than 1,000 residents and cities or towns with fewer than 5,000 are not ranked. Compiled by Home Economics.