Market Report · Updated May 2026
Indianapolis Cash Home Buyer Report — May 2026
We ranked every Indianapolis ZIP code in our buy-box by gross rental yield. The table below shows the 25 highest-yield ZIPs — these are the markets where Oxbow is most actively making cash offers right now.
Indianapolis Snapshot
Across 33 Indianapolis ZIP codes, home values range from $130,474 to $308,495. The average gross rental yield (annual rent ÷ home value) is 8.0%, which is the key metric we use to identify cash-friendly markets — higher yield means a stronger investor exit, which means we can pay more for your home.
Top 25 Indianapolis ZIPs by Yield
Ranked by gross rental yield (annual rent ÷ median home value). All data sourced from Zillow Research (ZHVI + ZORI), May 2026. Click any ZIP to get a cash offer on a property there.
| Rank | ZIP | City | Median Value | Median Rent | Gross Yield | |
|---|---|---|---|---|---|---|
| 1 | 46222 | Indianapolis, IN | $130,474 | $1,151/mo | 10.6% | Cash offer → |
| 2 | 46225 | Indianapolis, IN | $173,541 | $1,535/mo | 10.6% | Cash offer → |
| 3 | 46203 | Indianapolis, IN | $167,484 | $1,467/mo | 10.5% | Cash offer → |
| 4 | 46241 | Indianapolis, IN | $156,943 | $1,255/mo | 9.6% | Cash offer → |
| 5 | 46208 | Indianapolis, IN | $177,192 | $1,410/mo | 9.6% | Cash offer → |
| 6 | 46201 | Indianapolis, IN | $151,220 | $1,198/mo | 9.5% | Cash offer → |
| 7 | 46231 | Indianapolis, IN | $257,610 | $2,048/mo | 9.5% | Cash offer → |
| 8 | 46235 | Indianapolis, IN | $217,413 | $1,647/mo | 9.1% | Cash offer → |
| 9 | 46221 | Indianapolis, IN | $210,695 | $1,569/mo | 8.9% | Cash offer → |
| 10 | 46234 | Indianapolis, IN | $284,079 | $2,098/mo | 8.9% | Cash offer → |
| 11 | 46229 | Indianapolis, IN | $220,080 | $1,595/mo | 8.7% | Cash offer → |
| 12 | 46226 | Indianapolis, IN | $161,246 | $1,153/mo | 8.6% | Cash offer → |
| 13 | 46107 | Beech Grove, IN | $191,282 | $1,348/mo | 8.5% | Cash offer → |
| 14 | 46113 | Indianapolis, IN | $279,662 | $1,965/mo | 8.4% | Cash offer → |
| 15 | 46184 | Whiteland, IN | $268,472 | $1,823/mo | 8.1% | Cash offer → |
| 16 | 46239 | Indianapolis, IN | $293,572 | $1,946/mo | 8% | Cash offer → |
| 17 | 46237 | Indianapolis, IN | $265,932 | $1,708/mo | 7.7% | Cash offer → |
| 18 | 46176 | Shelbyville, IN | $221,689 | $1,420/mo | 7.7% | Cash offer → |
| 19 | 46131 | Franklin, IN | $279,113 | $1,739/mo | 7.5% | Cash offer → |
| 20 | 46217 | Indianapolis, IN | $260,088 | $1,601/mo | 7.4% | Cash offer → |
| 21 | 46013 | Anderson, IN | $177,824 | $1,102/mo | 7.4% | Cash offer → |
| 22 | 46052 | Lebanon, IN | $298,012 | $1,752/mo | 7.1% | Cash offer → |
| 23 | 46012 | Anderson, IN | $184,420 | $1,086/mo | 7.1% | Cash offer → |
| 24 | 46224 | Speedway, IN | $205,430 | $1,192/mo | 7% | Cash offer → |
| 25 | 46228 | Indianapolis, IN | $272,359 | $1,598/mo | 7% | Cash offer → |
How We Use This Data
At Oxbow Home Solutions, we make cash offers in markets where the math works for both sides. A higher gross rental yield means investors — our typical exit buyers — can hit their target return at a higher acquisition price. That lets us pay more for your home than we could in a low-yield market.
This report is part of our free seller resources. It updates monthly from public Zillow Research data, so the numbers stay current. If you own a home in any of the ZIPs listed above, we are actively buying — request a cash offer and we will respond within 24 hours.
Sources & Methodology
- Home values: Zillow Home Value Index (ZHVI), single-family residential, mid-tier (0.33-0.67), seasonally adjusted, smoothed. zillow.com/research/data/
- Rents: Zillow Observed Rent Index (ZORI), single-family + condo + multi-family blend, seasonally adjusted, smoothed.
- Filter: ZIP must have median home value in our buy-box range and median rent of $1,000+/month.
- Yield calculation: (Median rent × 12) ÷ Median home value. Gross yield, before taxes/insurance/maintenance.
- Updated: May 2026. We regenerate this report whenever Zillow ships their monthly data refresh (typically the 16th of each month).
Own a home in Indianapolis?
Get a fair cash offer in 24 hours. No repairs, no commissions, no fees.