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These days, finding an affordable place to live in the 46987 area can be challenging. Home prices in 46987 are now at a median cost of $120,000, lower than the Indiana average of $175,617.
The average cost of rent is $789/mo in 46987, primarily driven by the current value of real estate in the 46987 area. While nearly 32.01% of residents own their homes outright in 46987, 11.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in 46987 is $5,986 per month. Households that rent pay about 13.18% of their income on rent here. 46987's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 46952, IN: equally priced homes
- 46919, IN: equally priced homes
- 46986, IN: equally priced homes
- 46953, IN: less expensive homes
- 46984, IN: equally priced homes
- 46940, IN: equally priced homes
- 46938, IN: less expensive homes
- 46911, IN: higher priced homes
- 46933, IN: equally priced homes
- 46936, IN: higher priced homes
Zip Codes with Similar Populations
- 78827, TX: less expensive homes
- 29133, SC: less expensive homes
- 29355, SC: less expensive homes
- 31527, GA: higher priced homes
- 32193, FL: higher priced homes
- 35176, AL: higher priced homes
- 36482, AL: less expensive homes
- 37305, TN: less expensive homes
- 37657, TN: higher priced homes
- 37691, TN: higher priced homes
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