Rental numbers for Madison County, IN
The typical home here runs -$460 a month at 7.78% with 25% down, breaking even at about 2.5%. 1 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.9%.
- Gross yield
- 7.0%
- typical home, Zillow
- Median ZIP yield
- 6.9%
- 5 ZIPs with full data
- Cash flow
- -$460/mo
- at 7.78%, 25% down
- Typical price
- $191,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,114/mo
- Zillow ZORI, Aug 2026
ZIP codes in Madison County
14 with published figures
| 46016Anderson | $83,000 | $983 | 14.3% | 8.8% | +$158 | +5.4% |
| 46063Orestes | $115,000 | $1,090* | 11.4% | 7.1% | +$62 | n/a |
| 46048Ingalls | $225,000 | $1,690* | 9.0% | 5.6% | -$167 | n/a |
| 46036Elwood | $158,000 | $1,100* | 8.4% | 4.6% | -$245 | n/a |
| 46012Anderson | $188,000 | $1,270* | 8.1% | 4.5% | -$308 | n/a |
| 46017Chesterfield | $196,000 | $1,240* | 7.6% | 4.2% | -$376 | n/a |
| 46051Lapel | $235,000 | $1,420* | 7.2% | 4.1% | -$467 | n/a |
| 46013Anderson | $180,000 | $1,086 | 7.2% | 3.8% | -$401 | n/a |
| 46070Summitville | $191,000 | $1,120* | 7.0% | 3.8% | -$432 | n/a |
| 46044Frankton | $203,000 | $1,180* | 7.0% | 3.6% | -$477 | n/a |
| 46064Pendleton | $337,000 | $1,949 | 6.9% | 4.0% | -$706 | n/a |
| 46011Anderson | $215,000 | $1,174 | 6.6% | 3.3% | -$572 | n/a |
| 46001Alexandria | $186,000 | $968 | 6.3% | 2.8% | -$561 | n/a |
| 46056Markleville | $285,000 | $1,350* | 5.7% | 2.9% | -$861 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.2%
- Rent, 12 months
- +3.0%
- Rent minus price growth
- -0.3 pts
- Property tax
- 0.74%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $141,572 | $836 |
| Aug 2022 | $162,633 | $915 |
| Aug 2023 | $169,267 | $970 |
| Aug 2024 | $178,783 | $1,027 |
| Aug 2025 | $185,214 | $1,082 |
| Aug 2026 | $191,188 | $1,114 |
HUD Fair Market Rent
FY2027, Anderson, IN HUD Metro FMR Area
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,011 | $1,017 | $1,331 | $1,743 | $1,749 |
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
- 4.1
- 221 units, last 12 months
- National percentile
- 43th
- among US counties
Tools
Test a listing in Madison County against today's rate.
Open the calculatorPart of the Indianapolis, IN metro.
Questions
- Is Madison County good for rental property?
- The typical home here runs -$460 a month at 7.78% with 25% down, breaking even at about 2.5%. 1 of 5 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 6.9%. 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 Madison County?
- About 0.74% of value, from Census ACS median taxes paid over median home value. On a $191,000 home that is about $1,413 a year.
- What is Fair Market Rent in Madison County?
- HUD's FY2027 Fair Market Rent here is $1,017 for a 1-bedroom, $1,331 for a 2-bedroom and $1,743 for a 3-bedroom. Typical cash flow at today's rate is -$460 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.