Rental market · ZIP 46290 · Carmel, IN

ZIP 46290, Carmel, IN rental market

Population 81 · Carmel, Hamilton County, IN · ZIP Code Tabulation Area

Profile · ACS 2024 5-year

Not ranked

Population is 81 (below the 500 floor for ranking), so survey estimates are too noisy to rank reliably.

It stays searchable; available government estimates remain below (data tier: Profile).

Key metrics

81
Population ±100%
$570,700
Median home value (ACS, owner-reported) ±58%
0.0%
Renter share
0.8%
Estimated property-tax burden
2002
Median year built ±0%
0.0%
Multifamily (5+ units)

Data vintage: ACS 2024 5-year · every figure is an ACS survey estimate with a margin of error (shown per card).

Market context

Trend context

Loading home value context…

View source data

Each point is one ACS 5-year estimate on the same 2020-Census ZCTA boundary. Adjacent releases overlap, so the release-to-release differences are not independent annual market movement.

ACS estimates by release; ± is the margin of error.
Series2017–20212018–20222019–20232020–2024
Median home value B25077$716,300 ±$190,506$637,500 ±$154,646$570,700 ±$329,101
Median gross rent B25064
Population B0100367 ±7987 ±86111 ±8581 ±81

ACS 2021 release

2017-2021 five-year estimate

Median home value B25077
Margin of error not available
Median gross rent B25064
Margin of error not available
Population B01003
67Margin of error ±79

ACS 2022 release

2018-2022 five-year estimate

Median home value B25077
$716,300Margin of error ±$190,506
Median gross rent B25064
Margin of error not available
Population B01003
87Margin of error ±86

ACS 2023 release

2019-2023 five-year estimate

Median home value B25077
$637,500Margin of error ±$154,646
Median gross rent B25064
Margin of error not available
Population B01003
111Margin of error ±85

ACS 2024 release

2020-2024 five-year estimate

Median home value B25077
$570,700Margin of error ±$329,101
Median gross rent B25064
Margin of error not available
Population B01003
81Margin of error ±81

Source: U.S. Census Bureau, American Community Survey 5-year, table-based Summary File (ZCTA geography); tables B25077 (median value), B25064 (median gross rent), and B01003 (population); estimate + margin of error. Missing releases remain gaps and are never interpolated. Home value is owner-reported; gross rent describes renter housing stock; population is a ZCTA estimate. Dollar figures are nominal.

Measured market data

Measured observations for this ZIP Code, published beside the government survey figures above rather than replacing them. They measure different things and will legitimately disagree: the ACS median home value is what owners report their home is worth in a 5-year survey, while ZHVI is a monthly index of typical home value; ACS median gross rent is what sitting tenants pay including utilities, while ZORI is an index of asking rent on newly listed units. ZORI does not correct the ACS rent; neither is a better version of the other. Monthly series, revised in recent months, observed 2026-07, not live.

ZHVI bottom tier (5th–35th pct)$551,901
ZHVI top tier (65th–95th pct)$1,093,353
Market heat index48

Source: Zillow Economic Research public research data, observation month 2026-07. Zillow keys on USPS ZIP codes; this page is a 2020 Census ZCTA, related but not identical geographies, so a Zillow value is matched to this ZCTA by code and is not a statement that the two areas are the same. Zillow is not affiliated with, and does not endorse, Compounding Estates.

Underwrite with these as starting points

Opening a calculator pre-loads the ACS median owner value as a survey-level starting point; every calculator input is editable. Owner-occupied median value and renter median gross rent describe different housing stock: the median-valued home is not the typical rental, so this is a screen, not a listing, appraisal, asking rent, cap rate, or forecast. Bring your own entry price and rent.

ZIP Codes bordering 46290

4 ZIP Code areas share a land boundary with 46290 in the official Census 2020 ZCTA map, ordered by shared-boundary length, not ZIP-number proximity or driving distance. 4 of them are in CE's ranked set and linked below; the rest are searchable from the ZIP Code explorer. No score or rank is shown here: open a profile for its own numbers.

Evidence, sources & limitations

Official geography: Carmel city, Hamilton County. Analytical entity: the U.S. Census ZIP Code Tabulation Area (ZCTA) 46290, an approximation of the USPS ZIP delivery area, not its exact route boundaries. Model z2-gov-subscores-v1; data ACS 2024 5-year.

This ZIP Code area is primarily in Hamilton County, overlapping Carmel, by land-area overlap from the official Census 2020 ZCTA relationship files (not population or address share).

Populationsurvey ACS B01003 · ±100% MOE
Median home value (ACS, owner-reported)survey ACS B25077 · ±58% MOE
Renter sharederived ACS B25003 E003/E001
Estimated property-tax burdenderived ACS B25103 / B25077
Median year builtsurvey ACS B25035 · ±0% MOE
Multifamily (5+ units)derived ACS B25024 (5+ unit structures / total)

Class: survey = ACS estimate (with margin of error); derived = computed from ACS. The survey gross-rent yield is a proxy (renter gross rent vs owner-occupied value, different housing stock; ACS top-codes very high values/rents) and is not a cap rate. Subscores are national percentiles among data-eligible areas; ranks are competition-ranked with deterministic ties. No vendor, listing, parcel, or school data. Not investment advice.