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These days, finding an affordable place to live in the 46816 area can be challenging. Home prices in 46816 are now at a median cost of $162,076, lower than the Indiana average of $232,932.
The average cost of rent is $862/mo in 46816, primarily driven by the current value of real estate in the 46816 area. In 46816, 46.19% of households rent, and 42.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46816 is $3,958 per month. Households that rent pay about 21.78% of their income on rent here. 46816’s most expensive areas are in the southeastern 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
- 46806, IN: less expensive homes
- 46819, IN: higher priced homes
- 46807, IN: equally priced homes
- 46803, IN: less expensive homes
- 46809, IN: less expensive homes
- 46802, IN: equally priced homes
- 46805, IN: less expensive homes
- 46745, IN: higher priced homes
- 46774, IN: higher priced homes
- 46815, IN: higher priced homes
Zip Codes with Similar Populations
- 14830, NY: equally priced homes
- 29627, SC: higher priced homes
- 28203, NC: higher priced homes
- 90814, CA: higher priced homes
- 26201, WV: equally priced homes
- 80224, CO: higher priced homes
- 18235, PA: higher priced homes
- 18109, PA: higher priced homes
- 72801, AR: equally priced homes
- 10037, NY: higher priced homes
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