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These days, finding an affordable place to live in the 46118 area can be challenging. Home prices in 46118 are now at a median cost of $304,700, higher than the Indiana average of $232,932.
The average cost of rent is $985/mo in 46118, primarily driven by the current value of real estate in the 46118 area. In 46118, 14.70% of households rent, and 32.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46118 is $7,346 per month. Households that rent pay about 13.40% of their income on rent here. 46118’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 46103, IN: less expensive homes
- 46168, IN: equally priced homes
- 46180, IN: less expensive homes
- 46122, IN: equally priced homes
- 46157, IN: less expensive homes
- 46158, IN: less expensive homes
- 46123, IN: equally priced homes
- 46121, IN: less expensive homes
- 46113, IN: less expensive homes
- 46231, IN: less expensive homes
Zip Codes with Similar Populations
- 07627, NJ: higher priced homes
- 27235, NC: higher priced homes
- 45338, OH: less expensive homes
- 42629, KY: less expensive homes
- 39150, MS: less expensive homes
- 38456, TN: less expensive homes
- 37869, TN: less expensive homes
- 02825, RI: higher priced homes
- 35175, AL: less expensive homes
- 29128, SC: less expensive homes
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