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These days, finding an affordable place to live in the 46406 area can be challenging. Home prices in 46406 are now at a median cost of $87,838, lower than the Indiana average of $232,932.
The average cost of rent is $1,004/mo in 46406, primarily driven by the current value of real estate in the 46406 area. In 46406, 50.58% of households rent, and 65.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46406 is $3,082 per month. Households that rent pay about 32.56% of their income on rent here. 46406’s most expensive areas are in the northern 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
- 46404, IN: higher priced homes
- 46323, IN: higher priced homes
- 46402, IN: equally priced homes
- 46407, IN: less expensive homes
- 46319, IN: higher priced homes
- 46322, IN: higher priced homes
- 46408, IN: higher priced homes
- 46312, IN: higher priced homes
- 46324, IN: higher priced homes
- 46409, IN: less expensive homes
Zip Codes with Similar Populations
- 02673, MA: higher priced homes
- 04096, ME: higher priced homes
- 04468, ME: higher priced homes
- 06907, CT: higher priced homes
- 07656, NJ: higher priced homes
- 07825, NJ: higher priced homes
- 08086, NJ: higher priced homes
- 08406, NJ: higher priced homes
- 08810, NJ: higher priced homes
- 76060, TX: higher priced homes
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