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Indianapolis city (balance), IN

ZIP 46203 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46203

Median Home Value
$155,500
Median Rent
$800
Affordability Snapshot
$43,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$999/mo PITI).

17%
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.

16.2 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 46203 in Indianapolis city (balance), IN, a household would need roughly $43,000 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 $999. That sits below the local median household income ($55,375), 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 16% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
57.7%-12% vs US avg
x
Vacancy Rate
15.7%+53% vs US avg
x
Broadband Access
91.0%+5% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
12.2%-5% vs US avg
x
Built Post-2014
0.7%-90% vs US avg
x
Rent Burden >30%
20.6%-59% vs US avg
x
Mortgage-Free
34.3%-10% vs US avg
x
$155,500
Home Value
$800
Rent
1955
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

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

  • 1-unit detached73.5%
  • 1-unit attached9.9%
  • 2-9 units9.3%
  • 10+ units6.7%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$155,500
Median rent$800
Owner-occupied57.7%
Vacant15.7%
Price-to-income2.8x
Est. income to buy$43,000