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These days, finding an affordable place to live in the 46516 area can be challenging. Home prices in 46516 are now at a median cost of $113,490, lower than the Indiana average of $175,617.
The average cost of rent is $756/mo in 46516, primarily driven by the current value of real estate in the 46516 area. While nearly 41.90% of residents own their homes outright in 46516, 39.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in 46516 is $4,857 per month. Households that rent pay about 15.56% of their income on rent here. 46516's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 46517, IN: higher priced homes
- 46514, IN: higher priced homes
- 46561, IN: higher priced homes
- 46507, IN: higher priced homes
- 46528, IN: higher priced homes
- 49112, MI: higher priced homes
- 46526, IN: higher priced homes
- 49130, MI: higher priced homes
- 46573, IN: higher priced homes
- 46530, IN: higher priced homes
Zip Codes with Similar Populations
- 00784, PR: less expensive homes
- 48313, MI: higher priced homes
- 46260, IN: higher priced homes
- 46241, IN: less expensive homes
- 37876, TN: higher priced homes
- 37643, TN: higher priced homes
- 34772, FL: higher priced homes
- 33543, FL: higher priced homes
- 33133, FL: higher priced homes
- 22630, VA: higher priced homes
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