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These days, finding an affordable place to live in the 46616 area can be challenging. Home prices in 46616 are now at a median cost of $94,016, lower than the Indiana average of $175,617.
The average cost of rent is $887/mo in 46616, primarily driven by the current value of real estate in the 46616 area. While nearly 36.82% of residents own their homes outright in 46616, 45.37% rent.
Housing affordability isn’t just about home prices, though. The average household income in 46616 is $4,017 per month. Households that rent pay about 22.08% of their income on rent here. 46616's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 46556, IN: higher priced homes
- 46601, IN: equally priced homes
- 46617, IN: higher priced homes
- 46628, IN: higher priced homes
- 46613, IN: less expensive homes
- 46637, IN: higher priced homes
- 46619, IN: equally priced homes
- 46615, IN: higher priced homes
- 46635, IN: higher priced homes
- 46614, IN: higher priced homes
Zip Codes with Similar Populations
- 35961, AL: higher priced homes
- 61616, IL: higher priced homes
- 61088, IL: higher priced homes
- 60954, IL: higher priced homes
- 56081, MN: equally priced homes
- 55046, MN: higher priced homes
- 54768, WI: higher priced homes
- 45769, OH: higher priced homes
- 38105, TN: equally priced homes
- 37681, TN: higher priced homes
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