46033 — Carmel, IN Home Values
Typical home value $599,338 as of June 2026 · 2nd of 117 in Indianapolis-Carmel-Anderson, IN
Blue: typical home value (Zillow ZHVI) in ZIP code 46033, June 2021 to June 2026. This page shows observed data only; no forecast.
How 46033 compares in the Indianapolis-Carmel-Anderson, IN area
ZIP code 46033 (Carmel, IN) has a typical home value of $599,338 as of June 2026, ranking 2nd of 117 ZIP codes tracked in the Indianapolis-Carmel-Anderson, IN area, more expensive than about 99% of ZIP codes in the metro. Prices here have moved +4.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +33.9%, from $447,729 in June 2021 to $599,338 in June 2026. Against observed rent, the typical home here sells for 20× the annual rent ($2,495/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Indianapolis-Carmel-Anderson, IN forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Indianapolis.
Population and demographics
ZIP code 46033 has a population of 40,153, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 80% White, 8.5% Asian, 5.3% Hispanic or Latino, 3.3% two or more races, 1.8% Black or African American, 0.9% another race, and 0.1% American Indian or Alaska Native.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Clay Middle School | 5150 E 126th St, Carmel, IN | 0.5 mi |
| Mohawk Trails Elementary School | 4242 E 126th St, Carmel, IN | 0.9 mi |
| Cherry Tree Elementary School | 13989 Hazel Dell Parkway, Carmel, IN | 1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 46033?
$599,338 as of June 2026, the latest month Zillow has published observed data for.
Is 46033 an expensive ZIP code in the Indianapolis-Carmel-Anderson, IN area?
46033 ranks 2nd of 117 ZIP codes in the Indianapolis-Carmel-Anderson, IN area by typical home value, more expensive than about 99% of ZIP codes in the metro.
How much have home values in 46033 changed over the past year?
+4.6% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 46033?
The typical home price is 20× the observed annual rent in this ZIP code ($2,495/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 46033?
40,153, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 46033?
Clay Middle School (0.5 mi), Mohawk Trails Elementary School (0.9 mi), Cherry Tree Elementary School (1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 46033?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Indianapolis-Carmel-Anderson, IN forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.