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Monrovia town, IN

ZIP 46157 — 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 46157

Median Home Value
$202,100
Median Rent
$644
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,298/mo PITI).

10%
Rent-to-Income Ratio

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

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

26.2 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 46157 in Monrovia town, IN, a household would need roughly $56,000 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 $1,298. That sits below the local median household income ($74,286), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
89.8%+37% vs US avg
x
Vacancy Rate
5.1%-50% vs US avg
x
Broadband Access
92.5%+6% vs US avg
x
4+ Bedrooms
4.5%-70% vs US avg
x
Built Pre-1939
3.4%-74% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
9.9%-80% vs US avg
x
Mortgage-Free
24.3%-36% vs US avg
x
$202,100
Home Value
$644
Rent
1994
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 detached93.4%
  • 1-unit attached0.4%
  • 2-9 units0.7%
  • 10+ units0.0%
  • Mobile home & other5.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$202,100
Median rent$644
Owner-occupied89.8%
Vacant5.1%
Price-to-income2.7x
Est. income to buy$56,000