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Paragon town, IN

ZIP 46166 — 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 46166

Median Home Value
$148,600
Median Rent
$620
Affordability Snapshot
$41,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$955/mo PITI).

9%
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.

20.0 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 46166 in Paragon town, IN, a household would need roughly $41,000 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 $955. That sits below the local median household income ($82,528), 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 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
87.4%+34% vs US avg
x
Vacancy Rate
15.3%+49% vs US avg
x
Broadband Access
84.4%-3% vs US avg
x
4+ Bedrooms
0.7%-95% vs US avg
x
Built Pre-1939
2.0%-84% vs US avg
x
Built Post-2014
0.3%-95% vs US avg
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
37.0%-3% vs US avg
x
$148,600
Home Value
$620
Rent
1992
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

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

  • 1-unit detached79.2%
  • 1-unit attached0.9%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other19.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$148,600
Median rent$620
Owner-occupied87.4%
Vacant15.3%
Price-to-income1.8x
Est. income to buy$41,000