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Heritage Lake CDP, IN

ZIP 46121 — 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 46121

Median Home Value
$241,600
Median Rent
$865
Affordability Snapshot
$67,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,552/mo PITI).

12%
Rent-to-Income Ratio

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

2.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

23.3 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 46121 in Heritage Lake CDP, IN, a household would need roughly $67,000 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 $1,552. That sits below the local median household income ($87,394), 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 12% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
94.4%+44% vs US avg
x
Vacancy Rate
12.3%+20% vs US avg
x
Broadband Access
86.1%-1% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
2.7%-79% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
9.8%-80% vs US avg
x
Mortgage-Free
23.8%-38% vs US avg
x
$241,600
Home Value
$865
Rent
1992
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached98.3%
  • 1-unit attached0.0%
  • 2-9 units0.1%
  • 10+ units0.4%
  • Mobile home & other1.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$241,600
Median rent$865
Owner-occupied94.4%
Vacant12.3%
Price-to-income2.8x
Est. income to buy$67,000