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These days, finding an affordable place to live in the 46940 area can be challenging. Home prices in 46940 are now at a median cost of $142,996, lower than the Indiana average of $232,932.
The average cost of rent is $871/mo in 46940, primarily driven by the current value of real estate in the 46940 area. In 46940, 15.95% of households rent, and 39.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46940 is $5,632 per month. Households that rent pay about 15.47% of their income on rent here. 46940’s most expensive areas are in the northern regions, while the cheapest areas are in the central 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
- 46984, IN: equally priced homes
- 46952, IN: equally priced homes
- 46987, IN: higher priced homes
- 46992, IN: higher priced homes
- 46919, IN: higher priced homes
- 46953, IN: less expensive homes
- 46991, IN: less expensive homes
- 46911, IN: higher priced homes
- 46986, IN: equally priced homes
- 46792, IN: higher priced homes
Zip Codes with Similar Populations
- 13092, NY: higher priced homes
- 75938, TX: less expensive homes
- 41049, KY: higher priced homes
- 44818, OH: higher priced homes
- 48834, MI: higher priced homes
- 48857, MI: equally priced homes
- 54810, WI: higher priced homes
- 60184, IL: higher priced homes
- 62917, IL: less expensive homes
- 65039, MO: higher priced homes
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