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These days, finding an affordable place to live in the 46506 area can be challenging. Home prices in 46506 are now at a median cost of $260,611, higher than the Indiana average of $232,932.
The average cost of rent is $1,058/mo in 46506, primarily driven by the current value of real estate in the 46506 area. In 46506, 23.19% of households rent, and 40.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46506 is $6,589 per month. Households that rent pay about 16.06% of their income on rent here. 46506’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central 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
- 46595, IN: higher priced homes
- 46537, IN: less expensive homes
- 46536, IN: equally priced homes
- 46550, IN: equally priced homes
- 46573, IN: equally priced homes
- 46563, IN: less expensive homes
- 46572, IN: less expensive homes
- 46554, IN: equally priced homes
- 46513, IN: higher priced homes
- 46542, IN: less expensive homes
Zip Codes with Similar Populations
- 52748, IA: higher priced homes
- 75551, TX: less expensive homes
- 72740, AR: less expensive homes
- 71832, AR: less expensive homes
- 70669, LA: less expensive homes
- 64504, MO: less expensive homes
- 55352, MN: higher priced homes
- 55328, MN: higher priced homes
- 53037, WI: higher priced homes
- 52802, IA: less expensive homes
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