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Advance town, IN

ZIP 46102 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle Class

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46102

Median Home Value
$164,800
Median Rent
$665
Affordability Snapshot
$45,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,059/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46102 in Advance town, IN, a household would need roughly $45,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,059. That sits below the local median household income ($65,000), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.5%+28% vs US avg
x
Vacancy Rate
12.5%+21% vs US avg
x
Broadband Access
77.5%-11% vs US avg
x
4+ Bedrooms
7.2%-51% vs US avg
x
Built Pre-1939
6.7%-47% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
6.7%-87% vs US avg
x
Mortgage-Free
27.6%-28% vs US avg
x
$164,800
Home Value
$665
Rent
1938
Year Built
2009
Moved In

Residents have lived here since ~2009 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached84.6%
  • 1-unit attached2.4%
  • 2-9 units3.4%
  • 10+ units0.0%
  • Mobile home & other9.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$164,800
Median rent$665
Owner-occupied83.5%
Vacant12.5%
Price-to-income2.5x
Est. income to buy$45,000