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These days, finding an affordable place to live in the 46231 area can be challenging. Home prices in 46231 are now at a median cost of $242,858, higher than the Indiana average of $232,932.
The average cost of rent is $1,632/mo in 46231, primarily driven by the current value of real estate in the 46231 area. In 46231, 26.11% of households rent, and 29.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46231 is $7,354 per month. Households that rent pay about 22.20% of their income on rent here. 46231’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern 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
- 46241, IN: less expensive homes
- 46123, IN: higher priced homes
- 46214, IN: less expensive homes
- 46234, IN: equally priced homes
- 46168, IN: higher priced homes
- 46224, IN: less expensive homes
- 46221, IN: less expensive homes
- 46222, IN: less expensive homes
- 46183, IN: equally priced homes
- 46113, IN: equally priced homes
Zip Codes with Similar Populations
- 76084, TX: higher priced homes
- 34996, FL: higher priced homes
- 35768, AL: less expensive homes
- 36544, AL: less expensive homes
- 38004, TN: higher priced homes
- 00731, PR: less expensive homes
- 39817, GA: less expensive homes
- 45875, OH: less expensive homes
- 48017, MI: higher priced homes
- 48809, MI: less expensive homes
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