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Silver Lake town, IN

ZIP 46982 — 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 46982

Median Home Value
$175,400
Median Rent
$668
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,127/mo PITI).

11%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.9 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 46982 in Silver Lake town, IN, a household would need roughly $48,000 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 $1,127. That sits below the local median household income ($75,709), 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 25% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.8%+34% vs US avg
x
Vacancy Rate
24.6%+139% vs US avg
x
Broadband Access
90.3%+4% vs US avg
x
4+ Bedrooms
4.7%-68% vs US avg
x
Built Pre-1939
9.0%-30% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
15.8%-68% vs US avg
x
Mortgage-Free
34.6%-9% vs US avg
x
$175,400
Home Value
$668
Rent
1981
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

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

  • 1-unit detached86.0%
  • 1-unit attached0.1%
  • 2-9 units1.1%
  • 10+ units0.0%
  • Mobile home & other12.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$175,400
Median rent$668
Owner-occupied87.8%
Vacant24.6%
Price-to-income2.3x
Est. income to buy$48,000