Rental numbers for Indiana
10 of 167 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 6.6%.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- 6.6%
- 167 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $260,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,341/mo
- median across 167 tier A ZIPs, Aug 2026
Counties
Gross yield uses Zillow county rent where published, otherwise the median ZIP yield
| Grant County | $157,000 | $957 | 7.3% | 3.7% | -$362 | +7.8% |
| Vigo County | $164,000 | $1,001 | 7.3% | 3.6% | -$394 | +3.3% |
| Marion County | $230,000 | $1,393 | 7.3% | 3.8% | -$516 | +2.5% |
| Madison County | $191,000 | $1,114 | 7.0% | 3.6% | -$460 | +3.0% |
| Lake County | $253,000 | $1,471 | 7.0% | 3.6% | -$610 | +4.9% |
| Delaware County | $173,000 | $1,004 | 7.0% | 3.5% | -$432 | +6.0% |
| Howard County | $195,000 | $1,085 | 6.7% | 3.3% | -$508 | +6.0% |
| St. Joseph County | $234,000 | $1,300 | 6.7% | 3.3% | -$613 | +2.7% |
| Warrick County | $293,000 | $1,600 | 6.6% | 3.5% | -$715 | +1.7% |
| Hendricks County | $344,000 | $1,832 | 6.4% | 3.3% | -$896 | +2.4% |
| Hancock County | $331,000 | $1,752 | 6.3% | 3.4% | -$836 | +2.1% |
| Vanderburgh County | $203,000 | $1,071 | 6.3% | 3.0% | -$590 | +2.6% |
| Johnson County | $315,000 | $1,629 | 6.2% | 3.2% | -$848 | +3.1% |
| Gibson County | $211,000 | $1,091 | 6.2% | 3.0% | -$615 | n/a |
| Wayne County | $178,000 | $917 | 6.2% | 2.7% | -$555 | +8.6% |
| Morgan County | $303,000 | $1,552 | 6.2% | 3.4% | -$778 | +7.2% |
| Bartholomew County | $276,000 | $1,390 | 6.0% | 3.0% | -$802 | +1.4% |
| Allen County | $258,000 | $1,279 | 5.9% | 2.8% | -$781 | +5.9% |
| Carroll County | $243,000 | $1,199 | 5.9% | 3.0% | -$703 | n/a |
| Monroe County | $313,000 | $1,545 | 5.9% | 3.0% | -$913 | +2.1% |
| Lawrence County | $210,000 | $1,023 | 5.9% | 2.8% | -$642 | n/a |
| Tippecanoe County | $301,000 | $1,452 | 5.8% | 2.9% | -$885 | +2.4% |
| Kosciusko County | $295,000 | $1,414 | 5.8% | 2.9% | -$872 | +2.8% |
| Clark County | $268,000 | $1,281 | 5.7% | 2.7% | -$843 | +0.8% |
| Boone County | $420,000 | $1,908 | 5.4% | 2.6% | -$1,347 | +6.2% |
| Shelby County | $248,000 | $1,120 | 5.4% | 2.5% | -$825 | +2.3% |
| Porter County | $333,000 | $1,475 | 5.3% | 2.4% | -$1,137 | +4.0% |
| Tipton County | $251,000 | $1,085 | 5.2% | 2.3% | -$872 | n/a |
| Marshall County | $270,000 | $1,162 | 5.2% | 2.3% | -$938 | n/a |
| Elkhart County | $268,000 | $1,149 | 5.1% | 2.1% | -$974 | +5.5% |
| LaPorte County | $263,000 | $1,112 | 5.1% | 2.1% | -$960 | +6.2% |
| Henry County | $194,000 | $801 | 4.9% | 1.8% | -$754 | +3.9% |
| Floyd County | $288,000 | $1,174 | 4.9% | 2.1% | -$1,057 | +1.7% |
| Noble County | $259,000 | $1,046 | 4.8% | 2.0% | -$969 | n/a |
| Hamilton County | $465,000 | $1,846 | 4.8% | 2.0% | -$1,746 | +5.1% |
| Montgomery County | $229,000 | $889 | 4.7% | 1.8% | -$899 | +4.0% |
| DeKalb County | $258,000 | $953 | 4.4% | 1.7% | -$1,034 | n/a |
| Adams County | $254,000 | not published | n/a | n/a | n/a | n/a |
| Benton County | $204,000 | not published | n/a | n/a | n/a | n/a |
| Blackford County | $147,000 | not published | n/a | n/a | n/a | n/a |
| Brown County | $362,000 | not published | n/a | n/a | n/a | n/a |
| Cass County | $176,000 | not published | n/a | n/a | n/a | n/a |
| Clay County | $187,000 | not published | n/a | n/a | n/a | n/a |
| Clinton County | $230,000 | not published | n/a | n/a | n/a | n/a |
| Crawford County | $171,000 | not published | n/a | n/a | n/a | n/a |
| Daviess County | $243,000 | not published | n/a | n/a | n/a | n/a |
| Dearborn County | $330,000 | not published | n/a | n/a | n/a | n/a |
| Decatur County | $262,000 | not published | n/a | n/a | n/a | n/a |
| Dubois County | $264,000 | not published | n/a | n/a | n/a | n/a |
| Fayette County | $162,000 | not published | n/a | n/a | n/a | n/a |
| Fountain County | $197,000 | not published | n/a | n/a | n/a | n/a |
| Franklin County | $301,000 | not published | n/a | n/a | n/a | n/a |
| Fulton County | $214,000 | not published | n/a | n/a | n/a | n/a |
| Greene County | $200,000 | not published | n/a | n/a | n/a | n/a |
| Harrison County | $270,000 | not published | n/a | n/a | n/a | n/a |
| Huntington County | $214,000 | not published | n/a | n/a | n/a | n/a |
| Jackson County | $230,000 | not published | n/a | n/a | n/a | n/a |
| Jasper County | $304,000 | not published | n/a | n/a | n/a | n/a |
| Jay County | $164,000 | not published | n/a | n/a | n/a | n/a |
| Jefferson County | $243,000 | not published | n/a | n/a | n/a | n/a |
| Jennings County | $228,000 | not published | n/a | n/a | n/a | n/a |
| Knox County | $162,000 | not published | n/a | n/a | n/a | n/a |
| LaGrange County | $347,000 | not published | n/a | n/a | n/a | n/a |
| Martin County | $209,000 | not published | n/a | n/a | n/a | n/a |
| Miami County | $165,000 | not published | n/a | n/a | n/a | n/a |
| Newton County | $228,000 | not published | n/a | n/a | n/a | n/a |
| Ohio County | $281,000 | not published | n/a | n/a | n/a | n/a |
| Orange County | $189,000 | not published | n/a | n/a | n/a | n/a |
| Owen County | $236,000 | not published | n/a | n/a | n/a | n/a |
| Parke County | $229,000 | not published | n/a | n/a | n/a | n/a |
| Perry County | $191,000 | not published | n/a | n/a | n/a | n/a |
| Pike County | $187,000 | not published | n/a | n/a | n/a | n/a |
| Posey County | $238,000 | not published | n/a | n/a | n/a | n/a |
| Pulaski County | $194,000 | not published | n/a | n/a | n/a | n/a |
| Putnam County | $276,000 | not published | n/a | n/a | n/a | n/a |
| Randolph County | $165,000 | not published | n/a | n/a | n/a | n/a |
| Ripley County | $283,000 | not published | n/a | n/a | n/a | n/a |
| Rush County | $223,000 | not published | n/a | n/a | n/a | n/a |
| Scott County | $205,000 | not published | n/a | n/a | n/a | n/a |
| Spencer County | $237,000 | not published | n/a | n/a | n/a | n/a |
| Starke County | $227,000 | not published | n/a | n/a | n/a | n/a |
| Steuben County | $324,000 | not published | n/a | n/a | n/a | n/a |
| Sullivan County | $163,000 | not published | n/a | n/a | n/a | n/a |
| Switzerland County | $262,000 | not published | n/a | n/a | n/a | n/a |
| Union County | $203,000 | not published | n/a | n/a | n/a | n/a |
| Vermillion County | $136,000 | not published | n/a | n/a | n/a | n/a |
| Wabash County | $195,000 | not published | n/a | n/a | n/a | n/a |
| Warren County | $234,000 | not published | n/a | n/a | n/a | n/a |
| Washington County | $222,000 | not published | n/a | n/a | n/a | n/a |
| Wells County | $254,000 | not published | n/a | n/a | n/a | n/a |
| White County | $233,000 | not published | n/a | n/a | n/a | n/a |
| Whitley County | $287,000 | not published | n/a | n/a | n/a | n/a |
Highest-yield ZIP codes in Indiana
Tier A only: Zillow value against Zillow rent
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 46407Gary | $62,000 | $1,219 | 23.8% | +$501 |
| 46409Gary | $81,000 | $1,340 | 19.9% | +$457 |
| 46404Gary | $101,000 | $1,410 | 16.7% | +$394 |
| 46016Anderson | $83,000 | $983 | 14.3% | +$158 |
| 46218Indianapolis | $114,000 | $1,278 | 13.4% | +$220 |
| 47807Terre Haute | $76,000 | $842 | 13.2% | +$55 |
| 46613South Bend | $114,000 | $1,196 | 12.6% | +$113 |
| 47713Evansville | $99,000 | $973 | 11.8% | +$52 |
| 46403Gary | $155,000 | $1,517 | 11.8% | +$128 |
| 46222Indianapolis | $125,000 | $1,217 | 11.7% | +$83 |
Trends
Five years to August 2026
- Price, 12 months
- +3.0%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.74%
- effective rate, ACS 2024
Typical value (Zillow ZHVI)Indexed to 100 at Aug 2021
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $201,780 |
| Aug 2022 | $227,982 |
| Aug 2023 | $235,110 |
| Aug 2024 | $244,907 |
| Aug 2025 | $252,502 |
| Aug 2026 | $260,095 |
Costs that vary by state
- Effective property tax
- 0.74%
- Census ACS 2024
- Landlord insurance default
- $1,511/yr
- NAIC HO-3 $1,259 x 1.2
- Permits per 1,000 households
- 10.2
- last 12 months
- Median typical price
- $253,000
- tier A ZIPs
Metros
- Angola, IN
- Auburn, IN
- Bedford, IN
- Bloomington, IN
- Columbus, IN
- Connersville, IN
- Crawfordsville, IN
- Decatur, IN
- Elkhart, IN
- Evansville, IN
- Fort Wayne, IN
- Frankfort, IN
- Greensburg, IN
- Huntington, IN
- Indianapolis, IN
- Jasper, IN
- Kendallville, IN
- Kokomo, IN
- Lafayette, IN
- Logansport, IN
- Madison, IN
- Marion, IN
- Michigan City, IN
- Muncie, IN
- New Castle, IN
- North Vernon, IN
- Peru, IN
- Plymouth, IN
- Richmond, IN
- Seymour, IN
- South Bend, IN
- Terre Haute, IN
- Vincennes, IN
- Wabash, IN
- Warsaw, IN
- Washington, IN
Questions
- Is Indiana good for rental property?
- 10 of 167 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 6.6%. Cash flow assumes the typical home in each ZIP, 7.78% with 25% down and the default costs.
- What is the average property tax rate in Indiana?
- About 0.74% of value statewide (Census ACS median taxes paid over median value). Rates vary widely by county; the county table above links to each.
- What does landlord insurance cost in Indiana?
- NAIC's 2023 average homeowners (HO-3) premium in Indiana was $1,259. Landlord policies usually cost more, so this site assumes $1,511 a year. Quotes depend on the property, coverage and claims history.
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.
- 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.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
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.