Rental numbers for Marion County, IN
The typical home here runs -$516 a month at 7.78% with 25% down, breaking even at about 3.0%. 2 of 36 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.2%.
- Gross yield
- 7.3%
- typical home, Zillow
- Median ZIP yield
- 7.2%
- 36 ZIPs with full data
- Cash flow
- -$516/mo
- at 7.78%, 25% down
- Typical price
- $230,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,393/mo
- Zillow ZORI, Aug 2026
ZIP codes in Marion County
37 with published figures
| 46218Indianapolis | $114,000 | $1,278 | 13.4% | 8.8% | +$220 | +6.4% |
| 46222Indianapolis | $125,000 | $1,217 | 11.7% | 7.3% | +$83 | +4.4% |
| 46203Indianapolis | $167,000 | $1,469 | 10.6% | 6.5% | $0 | +5.8% |
| 46241Indianapolis | $158,000 | $1,341 | 10.2% | 5.9% | -$71 | +0.4% |
| 46235Indianapolis | $217,000 | $1,797 | 9.9% | 6.3% | -$36 | +9.7% |
| 46225Indianapolis | $172,000 | $1,405 | 9.8% | 6.0% | -$62 | +8.4% |
| 46229Indianapolis | $218,000 | $1,782 | 9.8% | 6.0% | -$82 | +2.9% |
| 46231Indianapolis | $255,000 | $2,080 | 9.8% | 5.9% | -$124 | n/a |
| 46201Indianapolis | $151,000 | $1,208 | 9.6% | 5.5% | -$118 | +4.7% |
| 46226Indianapolis | $162,000 | $1,239 | 9.2% | 5.3% | -$163 | +5.6% |
| 46234Indianapolis | $280,000 | $2,101 | 9.0% | 5.4% | -$247 | +2.2% |
| 46208Indianapolis | $173,000 | $1,259 | 8.7% | 4.9% | -$231 | +5.8% |
| 46113Indianapolis | $278,000 | $2,001 | 8.6% | 5.4% | -$245 | +1.7% |
| 46239Indianapolis | $293,000 | $1,995 | 8.2% | 4.7% | -$435 | +4.8% |
| 46107Beech Grove | $192,000 | $1,291 | 8.1% | 4.3% | -$347 | n/a |
| 46221Indianapolis | $209,000 | $1,383 | 8.0% | 4.4% | -$367 | +1.4% |
| 46237Indianapolis | $260,000 | $1,695 | 7.8% | 4.2% | -$483 | +1.8% |
| 46217Indianapolis | $257,000 | $1,574 | 7.4% | 3.8% | -$566 | -1.8% |
| 46228Indianapolis | $269,000 | $1,594 | 7.1% | 3.8% | -$594 | n/a |
| 46219Indianapolis | $186,000 | $1,081 | 7.0% | 3.4% | -$484 | +2.5% |
| 46268Indianapolis | $254,000 | $1,462 | 6.9% | 3.7% | -$591 | -0.4% |
| 46254Indianapolis | $222,000 | $1,274 | 6.9% | 3.5% | -$551 | +1.6% |
| 46227Indianapolis | $228,000 | $1,284 | 6.8% | 3.2% | -$614 | +1.7% |
| 46236Lawrence | $329,000 | $1,813 | 6.6% | 3.4% | -$853 | +1.5% |
| 46214Indianapolis | $232,000 | $1,249 | 6.5% | 2.9% | -$689 | -2.9% |
| 46224Speedway | $202,000 | $1,086 | 6.5% | 3.0% | -$580 | +1.5% |
| 46259Indianapolis | $374,000 | $1,943 | 6.2% | 3.2% | -$1,023 | n/a |
| 46205Indianapolis | $258,000 | $1,285 | 6.0% | 2.8% | -$797 | +3.5% |
| 46204Indianapolis | $344,000 | $1,704 | 5.9% | 2.8% | -$1,051 | +1.2% |
| 46216Lawrence | $306,000 | $1,495 | 5.9% | 2.8% | -$929 | +5.5% |
| 46202Indianapolis | $346,000 | $1,492 | 5.2% | 2.1% | -$1,246 | +0.9% |
| 46240Indianapolis | $366,000 | $1,533 | 5.0% | 1.9% | -$1,387 | +0.4% |
| 46220Indianapolis | $344,000 | $1,429 | 5.0% | 2.0% | -$1,281 | +3.0% |
| 46260Indianapolis | $306,000 | $1,269 | 5.0% | 1.9% | -$1,173 | +2.8% |
| 46250Indianapolis | $328,000 | $1,344 | 4.9% | 1.9% | -$1,259 | +2.1% |
| 46278Indianapolis | $431,000 | $1,720* | 4.8% | 2.0% | -$1,594 | n/a |
| 46256Indianapolis | $344,000 | $1,239 | 4.3% | 1.4% | -$1,442 | -4.1% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- -0.8%
- Rent, 12 months
- +2.5%
- Rent minus price growth
- +3.3 pts
- Property tax
- 0.91%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $189,853 | $1,074 |
| Aug 2022 | $220,166 | $1,206 |
| Aug 2023 | $222,399 | $1,251 |
| Aug 2024 | $228,562 | $1,310 |
| Aug 2025 | $232,259 | $1,359 |
| Aug 2026 | $230,366 | $1,393 |
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
- 3.9
- 1,542 units, last 12 months
- National percentile
- 41th
- among US counties
Tools
Test a listing in Marion County against today's rate.
Open the calculatorPart of the Indianapolis, IN metro.
Questions
- Is Marion County good for rental property?
- The typical home here runs -$516 a month at 7.78% with 25% down, breaking even at about 3.0%. 2 of 36 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 7.2%. 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 Marion County?
- About 0.91% of value, from Census ACS median taxes paid over median home value. On a $230,000 home that is about $2,085 a year.
- What is Fair Market Rent in Marion 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 -$516 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.