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These days, finding an affordable place to live in the 46561 area can be challenging. Home prices in 46561 are now at a median cost of $231,799, lower than the Indiana average of $232,932.
The average cost of rent is $1,173/mo in 46561, primarily driven by the current value of real estate in the 46561 area. In 46561, 14.27% of households rent, and 32.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46561 is $7,855 per month. Households that rent pay about 14.94% of their income on rent here. 46561’s most expensive areas are in the northwestern 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
- 46544, IN: less expensive homes
- 46545, IN: less expensive homes
- 46530, IN: higher priced homes
- 46517, IN: less expensive homes
- 46514, IN: less expensive homes
- 46516, IN: less expensive homes
- 46615, IN: less expensive homes
- 46635, IN: equally priced homes
- 49112, MI: equally priced homes
- 46617, IN: higher priced homes
Zip Codes with Similar Populations
- 81520, CO: higher priced homes
- 34479, FL: less expensive homes
- 34947, FL: equally priced homes
- 35043, AL: higher priced homes
- 38012, TN: less expensive homes
- 38635, MS: less expensive homes
- 39183, MS: less expensive homes
- 46259, IN: higher priced homes
- 64080, MO: higher priced homes
- 71601, AR: less expensive homes
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