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These days, finding an affordable place to live in the 46016 area can be challenging. Home prices in 46016 are now at a median cost of $54,147, lower than the Indiana average of $175,617.
The average cost of rent is $759/mo in 46016, primarily driven by the current value of real estate in the 46016 area. While nearly 48.84% of residents own their homes outright in 46016, 59.91% rent.
Housing affordability isn’t just about home prices, though. The average household income in 46016 is $2,597 per month. Households that rent pay about 29.23% of their income on rent here. 46016's most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 46013, IN: higher priced homes
- 46011, IN: higher priced homes
- 46012, IN: higher priced homes
- 46017, IN: higher priced homes
- 47334, IN: higher priced homes
- 46064, IN: higher priced homes
- 46056, IN: higher priced homes
- 46051, IN: higher priced homes
- 47356, IN: higher priced homes
- 47396, IN: higher priced homes
Zip Codes with Similar Populations
- 06443, CT: higher priced homes
- 00772, PR: higher priced homes
- 08210, NJ: higher priced homes
- 08033, NJ: higher priced homes
- 07834, NJ: higher priced homes
- 07086, NJ: higher priced homes
- 06804, CT: higher priced homes
- 06062, CT: higher priced homes
- 02871, RI: higher priced homes
- 02476, MA: higher priced homes
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