3-digit ZIP regional index
Home appreciation in ZIP codes 461xxGreenwood, IN area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 461 changed +3.2% over the year to Q2 2026, compared with +4.6% for Indiana and +3.0% for the United States.
The region covers ZIP codes 46103–46186. Most of its 2010 population lived in Johnson County (27%), Hendricks County (25%), Morgan County (13%). Communities in the region include Plainfield, Franklin, Brownsburg, Greenfield, Shelbyville. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +3.2%
- 5-year change
- +45.8%
- Since Q1 1995
- +213%
- National rank (1 year)
- 505th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 461 vs Indiana and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 461: 313.2
- 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 461 | IN | U.S. | Gap vs IN | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +3.2% | +4.6% | +3.0% | −1.4 pts | +0.2 pts |
| 3 years | +14.8% | +16.2% | +12.9% | −1.4 pts | +1.9 pts |
| 5 years | +45.8% | +46.7% | +41.3% | −0.8 pts | +4.6 pts |
| 10 years | +106% | +104% | +93.3% | +2.1 pts | +12.4 pts |
| Since Q1 1995 | +213% | +220% | +292% | −6.6 pts | −78.3 pts |
If you bought in ZIP3 461 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 | +209% | $927,569 |
| Q2 2000 | +158% | $772,542 |
| Q2 2005 | +121% | $663,691 |
| Q2 2010 | +127% | $680,020 |
| Q2 2015 | +113% | $638,787 |
| Q2 2020 | +65.6% | $496,786 |
| Q2 2021 | +45.8% | $437,506 |
| Q2 2023 | +14.8% | $344,384 |
| Q2 2025 | +3.2% | $309,699 |
How ZIP3 461 ranks
Over the past year ZIP3 461 ranks 505th of 882 3-digit ZIP regions nationally and 16th of 20 in Indiana. Its one-year change is +0.2 pts versus the nation and −1.4 pts versus Indiana. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Indiana |
|---|---|---|
| 1 year | 505th of 882 | 16th of 20 |
| 3 years | 472nd of 882 | 16th of 20 |
| 5 years | 390th of 882 | 12th of 20 |
| 10 years | 244th of 882 | 7th of 20 |
| Since Q1 1995 | 713th of 879 | 13th of 20 |
Boom, bust, and recovery in ZIP3 461
ZIP3 461's index peaked in Q1 2008, fell 6.9% to its low in Q2 2011, and regained its peak in Q2 2015, about 7.2 years after the top. Today it sits +116% 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 461 | Q1 2008 | Q2 2011 | -6.9% | Q2 2015 (7.2 yrs) | +116% |
| 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 461's index has changed +41.5% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 461 after inflation | IN after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -0.6% | +0.7% | -0.4% | -0.8% |
| 3 years | +9.8% | +4.5% | +5.8% | +2.7% | +2.8% |
| 5 years | +24.0% | +17.6% | +18.3% | +15.9% | +13.9% |
| 10 years | +39.1% | +47.9% | +46.4% | +48.6% | +39.0% |
| Since Q1 1995 | +121% | +41.5% | +44.5% | +44.4% | +76.8% |
Estimate appreciation for a home in ZIP3 461
Regional estimate
$617,222
- Estimated gain
- $317,222
- Index change
- +106%
- Start index
- 152.25
- End index
- 313.24
ZIP3 461 (Greenwood, 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% |
| 460 · Carmel, IN area | IN | +6.5% | +55.0% | +236% |
| 474 · Bloomington, IN area | IN | +2.1% | +38.3% | +252% |
| 472 · Columbus, IN area | IN | +2.9% | +44.0% | +212% |
| 473 · Muncie, IN area | IN | +9.0% | +54.4% | +205% |
| 478 · Terre Haute, IN area | IN | +7.5% | +55.4% | +197% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 313.24 |
| Q1 2026 | 309.97 |
| Q4 2025 | 307.48 |
| Q3 2025 | 307.02 |
| Q2 2025 | 303.43 |
| Q1 2025 | 301.18 |
| Q4 2024 | 291.80 |
| Q3 2024 | 294.20 |
| Q2 2024 | 289.87 |
| Q1 2024 | 281.04 |
| Q4 2023 | 279.85 |
| Q3 2023 | 278.72 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 461?
- Based on FHFA HPI® data for 3-digit ZIP region 461, the regional index changed +3.2% over the year to Q2 2026, +45.8% over five years, +106% over ten years, and +213% since Q1 1995.
- Is ZIP3 461 appreciating faster than Indiana and the U.S.?
- Over the past year the region's index +3.2% compares with +4.6% for Indiana and +3.0% for the U.S., a gap of +0.2 pts versus the nation. Over five years the gap versus the nation is +4.6 pts.
- Which ZIP codes are in 3-digit ZIP region 461?
- All ZIP codes that begin with 461. Census 2010 ZIP Code Tabulation Areas in this region run from 46103 to 46186 (59 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.