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These days, finding an affordable place to live in the 46507 area can be challenging. Home prices in 46507 are now at a median cost of $259,330, higher than the Indiana average of $232,932.
The average cost of rent is $1,204/mo in 46507, primarily driven by the current value of real estate in the 46507 area. In 46507, 14.87% of households rent, and 31.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46507 is $7,211 per month. Households that rent pay about 16.69% of their income on rent here. 46507’s most expensive areas are in the western regions, while the cheapest areas are in the northwestern 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
- 49130, MI: equally priced homes
- 46540, IN: higher priced homes
- 46528, IN: equally priced homes
- 46516, IN: less expensive homes
- 46514, IN: less expensive homes
- 46517, IN: less expensive homes
- 49099, MI: less expensive homes
- 49061, MI: equally priced homes
- 49112, MI: equally priced homes
- 49042, MI: less expensive homes
Zip Codes with Similar Populations
- 06260, CT: equally priced homes
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- 11752, NY: higher priced homes
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- 07626, NJ: higher priced homes
- 98247, WA: higher priced homes
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