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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 $160,065, lower than the Indiana average of $232,932.
The average cost of rent is $983/mo in 46516, primarily driven by the current value of real estate in the 46516 area. In 46516, 38.64% of households rent, and 42.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46516 is $5,405 per month. Households that rent pay about 18.18% of their income on rent here. 46516’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western 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
- 46517, IN: equally 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: equally 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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