3-digit ZIP regional index
Home appreciation in ZIP codes 460xxCarmel, IN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 460 changed +6.5% over the year to Q2 2026, compared with +4.6% for Indiana and +3.0% for the United States.
The region covers ZIP codes 46001–46077. Most of its 2010 population lived in Hamilton County (52%), Madison County (26%), Boone County (10%). Communities in the region include Fishers, Anderson, Noblesville, Westfield, Frankfort. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +6.5%
- 5-year change
- +55.0%
- Since Q1 1995
- +236%
- National rank (1 year)
- 102nd
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 460 vs Indiana and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 460: 335.7
- Indiana: 319.8
- Indianapolis-Carmel-Greenwood, IN metro: 319.6
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 460 | IN | U.S. | Gap vs IN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +6.5% | +4.6% | +3.0% | +1.9 pts | +3.4 pts |
| 3 years | +17.4% | +16.2% | +12.9% | +1.2 pts | +4.6 pts |
| 5 years | +55.0% | +46.7% | +41.3% | +8.4 pts | +13.8 pts |
| 10 years | +116% | +104% | +93.3% | +12.7 pts | +23.0 pts |
| Since Q1 1995 | +236% | +220% | +292% | +15.9 pts | −55.8 pts |
If you bought in ZIP3 460 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +230% | $989,216 |
| Q2 2000 | +176% | $826,742 |
| Q2 2005 | +133% | $699,993 |
| Q2 2010 | +139% | $715,762 |
| Q2 2015 | +124% | $672,287 |
| Q2 2020 | +74.2% | $522,742 |
| Q2 2021 | +55.0% | $465,143 |
| Q2 2023 | +17.4% | $352,273 |
| Q2 2025 | +6.5% | $319,418 |
How ZIP3 460 ranks
Over the past year ZIP3 460 ranks 102nd of 882 3-digit ZIP regions nationally and 4th of 20 in Indiana. Its one-year change is +3.4 pts versus the nation and +1.9 pts versus Indiana. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Indiana |
|---|---|---|
| 1 year | 102nd of 882 | 4th of 20 |
| 3 years | 320th of 882 | 9th of 20 |
| 5 years | 122nd of 882 | 4th of 20 |
| 10 years | 127th of 882 | 3rd of 20 |
| Since Q1 1995 | 609th of 879 | 6th of 20 |
Boom, bust, and recovery in ZIP3 460
ZIP3 460's index peaked in Q1 2008, fell 7.1% to its low in Q1 2011, and regained its peak in Q2 2015, about 7.2 years after the top. Today it sits +126% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| ZIP3 460 | Q1 2008 | Q1 2011 | -7.1% | Q2 2015 (7.2 yrs) | +126% |
| IN | Q1 2008 | Q2 2011 | -7.3% | Q3 2015 (7.5 yrs) | +110% |
| Metro | Q1 2008 | Q2 2011 | -7.3% | Q1 2015 (7 yrs) | +118% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 460's index has changed +51.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 460 after inflation | IN after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | +2.5% | +0.7% | -0.4% | -0.8% |
| 3 years | +9.8% | +6.9% | +5.8% | +2.7% | +2.8% |
| 5 years | +24.0% | +25.0% | +18.3% | +15.9% | +13.9% |
| 10 years | +39.1% | +55.5% | +46.4% | +48.6% | +39.0% |
| Since Q1 1995 | +121% | +51.6% | +44.5% | +44.4% | +76.8% |
Estimate appreciation for a home in ZIP3 460
Regional estimate
$648,982
- Estimated gain
- $348,982
- Index change
- +116%
- Start index
- 155.20
- End index
- 335.74
ZIP3 460 (Carmel, IN area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 462 · Indianapolis, IN area | IN | +1.7% | +37.2% | +216% |
| 461 · Greenwood, IN area | IN | +3.2% | +45.8% | +213% |
| 469 · Kokomo, IN area | IN | +5.2% | +52.4% | +206% |
| 473 · Muncie, IN area | IN | +9.0% | +54.4% | +205% |
| 479 · Lafayette, IN area | IN | +4.3% | +51.5% | +212% |
| 472 · Columbus, IN area | IN | +2.9% | +44.0% | +212% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 335.74 |
| Q1 2026 | 325.32 |
| Q4 2025 | 324.43 |
| Q3 2025 | 321.20 |
| Q2 2025 | 315.33 |
| Q1 2025 | 317.27 |
| Q4 2024 | 309.34 |
| Q3 2024 | 306.71 |
| Q2 2024 | 298.73 |
| Q1 2024 | 290.75 |
| Q4 2023 | 292.94 |
| Q3 2023 | 283.67 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 460?
- Based on FHFA HPI® data for 3-digit ZIP region 460, the regional index changed +6.5% over the year to Q2 2026, +55.0% over five years, +116% over ten years, and +236% since Q1 1995.
- Is ZIP3 460 appreciating faster than Indiana and the U.S.?
- Over the past year the region's index +6.5% compares with +4.6% for Indiana and +3.0% for the U.S., a gap of +3.4 pts versus the nation. Over five years the gap versus the nation is +13.8 pts.
- Which ZIP codes are in 3-digit ZIP region 460?
- All ZIP codes that begin with 460. Census 2010 ZIP Code Tabulation Areas in this region run from 46001 to 46077 (44 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.