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Hamilton town, IN

ZIP 46742 — 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 46742

Median Home Value
$253,300
Median Rent
$607
Affordability Snapshot
$70,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,627/mo PITI).

9%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

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

34.8 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 46742 in Hamilton town, IN, a household would need roughly $70,000 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 $1,627. That is roughly in line with the local median household income ($77,037). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 34% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
79.7%+22% vs US avg
x
Vacancy Rate
34.0%+230% vs US avg
x
Broadband Access
81.8%-6% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
8.6%-33% vs US avg
x
Built Post-2014
0.6%-92% vs US avg
x
Rent Burden >30%
7.6%-85% vs US avg
x
Mortgage-Free
36.6%-4% vs US avg
x
$253,300
Home Value
$607
Rent
1978
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached76.2%
  • 1-unit attached0.0%
  • 2-9 units5.9%
  • 10+ units0.3%
  • Mobile home & other17.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$253,300
Median rent$607
Owner-occupied79.7%
Vacant34.0%
Price-to-income3.3x
Est. income to buy$70,000