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Indianapolis city (balance), IN

ZIP 46250 — Housing & Real Estate

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

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46250

Median Home Value
$288,900
Median Rent
$1,144
Affordability Snapshot
$80,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,856/mo PITI).

20%
Rent-to-Income Ratio

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

4.2x
Home Price-to-Income Ratio

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

21.0 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 46250 in Indianapolis city (balance), IN, a household would need roughly $80,000 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 $1,856. That is roughly in line with the local median household income ($69,591). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
41.4%-37% vs US avg
x
Vacancy Rate
6.2%-40% vs US avg
x
Broadband Access
94.1%+8% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
0.9%-93% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
18.5%-63% vs US avg
x
Mortgage-Free
35.7%-7% vs US avg
x
$288,900
Home Value
$1,144
Rent
1983
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached34.4%
  • 1-unit attached9.8%
  • 2-9 units37.3%
  • 10+ units18.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$288,900
Median rent$1,144
Owner-occupied41.4%
Vacant6.2%
Price-to-income4.2x
Est. income to buy$80,000