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These days, finding an affordable place to live in the 46227 area can be challenging. Home prices in 46227 are now at a median cost of $198,489, lower than the Indiana average of $232,932.
The average cost of rent is $1,104/mo in 46227, primarily driven by the current value of real estate in the 46227 area. In 46227, 54.55% of households rent, and 34.87% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46227 is $5,015 per month. Households that rent pay about 22.02% of their income on rent here. 46227’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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
- 46217, IN: higher priced homes
- 46237, IN: higher priced homes
- 46107, IN: equally priced homes
- 46142, IN: higher priced homes
- 46203, IN: equally priced homes
- 46225, IN: equally priced homes
- 46143, IN: higher priced homes
- 46221, IN: less expensive homes
- 46259, IN: higher priced homes
- 46204, IN: higher priced homes
Zip Codes with Similar Populations
- 60628, IL: less expensive homes
- 37027, TN: higher priced homes
- 37064, TN: higher priced homes
- 37122, TN: higher priced homes
- 00956, PR: less expensive homes
- 40475, KY: higher priced homes
- 43055, OH: equally priced homes
- 43130, OH: higher priced homes
- 44035, OH: less expensive homes
- 46143, IN: higher priced homes
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