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These days, finding an affordable place to live in the 46240 area can be challenging. Home prices in 46240 are now at a median cost of $395,044, higher than the Indiana average of $232,932.
The average cost of rent is $1,537/mo in 46240, primarily driven by the current value of real estate in the 46240 area. In 46240, 53.35% of households rent, and 31.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46240 is $8,103 per month. Households that rent pay about 18.97% of their income on rent here. 46240’s most expensive areas are in the southwestern 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
- 46280, IN: less expensive homes
- 46290, IN: higher priced homes
- 46220, IN: equally priced homes
- 46250, IN: less expensive homes
- 46260, IN: less expensive homes
- 46032, IN: higher priced homes
- 46268, IN: less expensive homes
- 46033, IN: higher priced homes
- 46205, IN: less expensive homes
- 46256, IN: less expensive homes
Zip Codes with Similar Populations
- 01904, MA: higher priced homes
- 99338, WA: higher priced homes
- 96746, HI: higher priced homes
- 92887, CA: higher priced homes
- 92603, CA: higher priced homes
- 91361, CA: higher priced homes
- 85607, AZ: less expensive homes
- 77002, TX: less expensive homes
- 32305, FL: less expensive homes
- 29108, SC: less expensive homes
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