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Pierceton town, IN

ZIP 46562 — 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 46562

Median Home Value
$185,900
Median Rent
$640
Affordability Snapshot
$51,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,194/mo PITI).

12%
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.

24.2 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 46562 in Pierceton town, IN, a household would need roughly $51,000 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 $1,194. That sits below the local median household income ($61,599), 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 17% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
78.2%+20% vs US avg
x
Vacancy Rate
16.5%+61% vs US avg
x
Broadband Access
83.1%-4% vs US avg
x
4+ Bedrooms
2.7%-82% vs US avg
x
Built Pre-1939
6.0%-53% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
5.7%-88% vs US avg
x
Mortgage-Free
55.0%+44% vs US avg
x
$185,900
Home Value
$640
Rent
1974
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 detached77.1%
  • 1-unit attached0.0%
  • 2-9 units5.1%
  • 10+ units0.3%
  • Mobile home & other17.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$185,900
Median rent$640
Owner-occupied78.2%
Vacant16.5%
Price-to-income3.0x
Est. income to buy$51,000