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These days, finding an affordable place to live in the 46216 area can be challenging. Home prices in 46216 are now at a median cost of $306,006, higher than the Indiana average of $232,932.
The average cost of rent is $1,274/mo in 46216, primarily driven by the current value of real estate in the 46216 area. In 46216, 75.82% of households rent, and 18.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46216 is $4,583 per month. Households that rent pay about 27.80% of their income on rent here. 46216’s most expensive areas are in the central 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
- 46235, IN: less expensive homes
- 46226, IN: less expensive homes
- 46236, IN: equally priced homes
- 46256, IN: equally priced homes
- 46250, IN: higher priced homes
- 46229, IN: less expensive homes
- 46219, IN: less expensive homes
- 46220, IN: higher priced homes
- 46055, IN: higher priced homes
- 46218, IN: less expensive homes
Zip Codes with Similar Populations
- 76665, TX: less expensive homes
- 29742, SC: less expensive homes
- 32949, FL: higher priced homes
- 37012, TN: less expensive homes
- 46172, IN: less expensive homes
- 72137, AR: less expensive homes
- 72943, AR: less expensive homes
- 75661, TX: less expensive homes
- 75931, TX: less expensive homes
- 03256, NH: higher priced homes
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