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Roann town, IN

ZIP 46974 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46974

Median Home Value
$182,900
Median Rent
$572
Affordability Snapshot
$50,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,175/mo PITI).

12%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

26.6 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 46974 in Roann town, IN, a household would need roughly $50,000 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 $1,175. That sits below the local median household income ($57,857), 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 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.1%+15% vs US avg
x
Vacancy Rate
16.0%+55% vs US avg
x
Broadband Access
87.7%+1% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
3.6%-72% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
17.1%-66% vs US avg
x
Mortgage-Free
33.2%-13% vs US avg
x
$182,900
Home Value
$572
Rent
1957
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 detached89.7%
  • 1-unit attached2.6%
  • 2-9 units2.6%
  • 10+ units0.0%
  • Mobile home & other5.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$182,900
Median rent$572
Owner-occupied75.1%
Vacant16.0%
Price-to-income3.2x
Est. income to buy$50,000