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Indianapolis city (balance), IN

ZIP 46237 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46237

Median Home Value
$216,300
Median Rent
$1,063
Affordability Snapshot
$60,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,389/mo PITI).

17%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

17.0 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 46237 in Indianapolis city (balance), IN, a household would need roughly $60,000 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 $1,389. That sits below the local median household income ($76,676), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
69.1%+6% vs US avg
x
Vacancy Rate
2.9%-72% vs US avg
x
Broadband Access
94.7%+9% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
0.9%-87% vs US avg
x
Rent Burden >30%
20.8%-58% vs US avg
x
Mortgage-Free
27.0%-29% vs US avg
x
$216,300
Home Value
$1,063
Rent
1995
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached65.2%
  • 1-unit attached10.0%
  • 2-9 units12.7%
  • 10+ units11.4%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$216,300
Median rent$1,063
Owner-occupied69.1%
Vacant2.9%
Price-to-income2.8x
Est. income to buy$60,000