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Indianapolis city (balance), IN

ZIP 46259 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46259

Median Home Value
$304,800
Median Rent
$1,011
Affordability Snapshot
$84,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,958/mo PITI).

9%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.1 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 46259 in Indianapolis city (balance), IN, a household would need roughly $84,000 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 $1,958. That sits below the local median household income ($129,615), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
96.6%+48% vs US avg
x
Vacancy Rate
1.8%-83% vs US avg
x
Broadband Access
91.9%+6% vs US avg
x
4+ Bedrooms
14.3%-3% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
2.7%-61% vs US avg
x
Rent Burden >30%
37.1%-25% vs US avg
x
Mortgage-Free
30.0%-21% vs US avg
x
$304,800
Home Value
$1,011
Rent
2001
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached94.7%
  • 1-unit attached5.0%
  • 2-9 units0.3%
  • 10+ units0.0%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$304,800
Median rent$1,011
Owner-occupied96.6%
Vacant1.8%
Price-to-income2.4x
Est. income to buy$84,000