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Indianapolis city (balance), IN

ZIP 46208 — Housing & Real Estate

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

Working ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46208

Median Home Value
$206,000
Median Rent
$783
Affordability Snapshot
$57,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,323/mo PITI).

17%
Rent-to-Income Ratio

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

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

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 46208 in Indianapolis city (balance), IN, a household would need roughly $57,000 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 $1,323. That is roughly in line with the local median household income ($55,435). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
55.4%-15% vs US avg
x
Vacancy Rate
21.0%+104% vs US avg
x
Broadband Access
86.1%-1% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
11.8%-7% vs US avg
x
Built Post-2014
0.1%-98% vs US avg
x
Rent Burden >30%
23.4%-53% vs US avg
x
Mortgage-Free
40.0%+5% vs US avg
x
$206,000
Home Value
$783
Rent
1938
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

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

  • 1-unit detached65.0%
  • 1-unit attached11.2%
  • 2-9 units6.2%
  • 10+ units17.7%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$206,000
Median rent$783
Owner-occupied55.4%
Vacant21.0%
Price-to-income3.7x
Est. income to buy$57,000