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Indianapolis city (balance), IN

ZIP 46222 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46222

Median Home Value
$104,300
Median Rent
$800
Affordability Snapshot
$29,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$670/mo PITI).

21%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

10.9 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 46222 in Indianapolis city (balance), IN, a household would need roughly $29,000 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 $670. That sits below the local median household income ($45,198), 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 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
46.5%-29% vs US avg
x
Vacancy Rate
15.0%+46% vs US avg
x
Broadband Access
86.9%-0% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
14.8%+15% vs US avg
x
Built Post-2014
0.7%-91% vs US avg
x
Rent Burden >30%
24.2%-51% vs US avg
x
Mortgage-Free
49.1%+29% vs US avg
x
$104,300
Home Value
$800
Rent
1954
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached64.1%
  • 1-unit attached6.8%
  • 2-9 units17.8%
  • 10+ units9.7%
  • Mobile home & other1.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$104,300
Median rent$800
Owner-occupied46.5%
Vacant15.0%
Price-to-income2.3x
Est. income to buy$29,000