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Royal Center town, IN

ZIP 46978 — 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 46978

Median Home Value
$120,900
Median Rent
$396
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$777/mo PITI).

7%
Rent-to-Income Ratio

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

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

25.4 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 46978 in Royal Center town, IN, a household would need roughly $33,000 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 $777. That sits below the local median household income ($66,250), 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 14% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.6%+29% vs US avg
x
Vacancy Rate
13.9%+35% vs US avg
x
Broadband Access
75.5%-13% vs US avg
x
4+ Bedrooms
3.8%-74% vs US avg
x
Built Pre-1939
7.9%-38% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
2.9%-94% vs US avg
x
Mortgage-Free
43.6%+14% vs US avg
x
$120,900
Home Value
$396
Rent
1947
Year Built
2003
Moved In

Residents have lived here since ~2003 on average

Housing Structure

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

  • 1-unit detached89.1%
  • 1-unit attached0.0%
  • 2-9 units4.6%
  • 10+ units0.2%
  • Mobile home & other6.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$120,900
Median rent$396
Owner-occupied84.6%
Vacant13.9%
Price-to-income1.8x
Est. income to buy$33,000