Rental numbers for Hendricks County, IN
The typical home here runs -$896 a month at 7.78% with 25% down, breaking even at about 2.0%. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.2%.
- Gross yield
- 6.4%
- typical home, Zillow
- Median ZIP yield
- 6.2%
- 4 ZIPs with full data
- Cash flow
- -$896/mo
- at 7.78%, 25% down
- Typical price
- $344,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,832/mo
- Zillow ZORI, Aug 2026
ZIP codes in Hendricks County
10 with published figures
| 46103Amo | $199,000 | $1,430* | 8.6% | 4.9% | -$253 | n/a |
| 46112Brownsburg | $361,000 | $1,951 | 6.5% | 3.5% | -$905 | +4.6% |
| 46123Avon | $353,000 | $1,831 | 6.2% | 3.1% | -$985 | +2.1% |
| 46168Plainfield | $333,000 | $1,707 | 6.2% | 3.2% | -$916 | +2.2% |
| 46165North Salem | $363,000 | $1,810* | 6.0% | 2.9% | -$1,077 | n/a |
| 46122Danville | $350,000 | $1,647 | 5.6% | 2.7% | -$1,091 | n/a |
| 46121Coatesville | $333,000 | $1,420* | 5.1% | 2.6% | -$1,082 | n/a |
| 46149Lizton | $358,000 | $1,500* | 5.0% | 2.0% | -$1,332 | n/a |
| 46167Pittsboro | $372,000 | $1,430* | 4.6% | 1.8% | -$1,439 | n/a |
| 46118Clayton | $333,000 | $1,240* | 4.5% | 1.9% | -$1,261 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +1.6%
- Rent, 12 months
- +2.4%
- Rent minus price growth
- +0.7 pts
- Property tax
- 0.81%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $282,233 | $1,472 |
| Aug 2022 | $325,975 | $1,588 |
| Aug 2023 | $329,719 | $1,645 |
| Aug 2024 | $336,800 | $1,734 |
| Aug 2025 | $338,491 | $1,790 |
| Aug 2026 | $343,969 | $1,832 |
HUD Fair Market Rent
FY2027, Indianapolis-Carmel, IN HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,187 | $1,336 | $1,536 | $1,991 | $2,425 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 20.4
- 1,366 units, last 12 months
- National percentile
- 91th
- among US counties
Tools
Test a listing in Hendricks County against today's rate.
Open the calculatorPart of the Indianapolis, IN metro.
Questions
- Is Hendricks County good for rental property?
- The typical home here runs -$896 a month at 7.78% with 25% down, breaking even at about 2.0%. 0 of 4 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.2%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Hendricks County?
- About 0.81% of value, from Census ACS median taxes paid over median home value. On a $344,000 home that is about $2,776 a year.
- What is Fair Market Rent in Hendricks County?
- HUD's FY2027 Fair Market Rent here is $1,336 for a 1-bedroom, $1,536 for a 2-bedroom and $1,991 for a 3-bedroom. Typical cash flow at today's rate is -$896 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.