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Indianapolis city (balance), IN

ZIP 46220 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46220

Median Home Value
$329,700
Median Rent
$1,176
Affordability Snapshot
$91,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,118/mo PITI).

14%
Rent-to-Income Ratio

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

3.2x
Home Price-to-Income Ratio

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

23.4 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 46220 in Indianapolis city (balance), IN, a household would need roughly $91,000 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 $2,118. That sits below the local median household income ($103,735), 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
64.9%-1% vs US avg
x
Vacancy Rate
5.1%-50% vs US avg
x
Broadband Access
95.6%+10% vs US avg
x
4+ Bedrooms
4.1%-72% vs US avg
x
Built Pre-1939
12.9%+0% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
31.1%-19% vs US avg
x
$329,700
Home Value
$1,176
Rent
1959
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 detached63.8%
  • 1-unit attached5.9%
  • 2-9 units20.0%
  • 10+ units10.3%
  • Mobile home & other0.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$329,700
Median rent$1,176
Owner-occupied64.9%
Vacant5.1%
Price-to-income3.2x
Est. income to buy$91,000