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Indianapolis city (balance), IN

ZIP 46235 — 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 46235

Median Home Value
$169,300
Median Rent
$744
Affordability Snapshot
$47,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,088/mo PITI).

16%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.0 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 46235 in Indianapolis city (balance), IN, a household would need roughly $47,000 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 $1,088. That sits below the local median household income ($56,160), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
52.7%-19% vs US avg
x
Vacancy Rate
11.6%+13% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
1.5%-90% vs US avg
x
Built Pre-1939
0.2%-98% vs US avg
x
Built Post-2014
1.2%-83% vs US avg
x
Rent Burden >30%
29.6%-40% vs US avg
x
Mortgage-Free
26.3%-31% vs US avg
x
$169,300
Home Value
$744
Rent
1987
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached62.7%
  • 1-unit attached8.5%
  • 2-9 units14.6%
  • 10+ units9.7%
  • Mobile home & other4.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$169,300
Median rent$744
Owner-occupied52.7%
Vacant11.6%
Price-to-income3.0x
Est. income to buy$47,000