ZIP Code Market Report
46156 — Milroy, IN
Data through February 2026 · Updated monthly
Avg Home Value
$222,517
▲ 5.7% year-over-year
Month-over-Month
+0.1%
▲ 0.1%
Single Family
$220,956
Condo / Co-op
--
The average home value in the 46156 ZIP code (Milroy, INDIANA) is $222,517 as of February 2026. Home prices are rising, up 5.7% compared to last year.
A 3-bedroom home in 46156 is valued at $221,105.
The market in 46156 has a $345,544 spread between bottom-tier homes at $132,624 and top-tier homes at $478,168. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Rush County market area in INDIANA. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Rush County report.
Free Home Value Estimate
What's your home worth in 46156 (Milroy)?
Get a free estimate based on recent sales and market data in your neighborhood. See how your home compares.
Free · Takes 30 seconds · Based on real sale data
Market Snapshot
46156 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $222,664 | $222,371 | $222,517 | ▼ 0.1% |
| Single Family Value | $217,964 | $219,438 | $220,956 | ▲ 1.4% |
Home Values
46156 Home Value Trend
Historical home values for ZIP code 46156. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 46156
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $167,773 |
| 3 Bedrooms | $221,105 |
Property Types
Home Values by Property Type in 46156
How different property types compare in this ZIP code.
All Homes
$222,517
Single Family
$220,956
Bottom Tier
$132,624
Top Tier
$478,168
Data Sources and Methodology
Home value data for ZIP code 46156 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
Investing in Milroy?
Run your ARV and MAO instantly with live market data