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Indianapolis city (balance), IN

ZIP 46239 — 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 46239

Median Home Value
$253,000
Median Rent
$1,038
Affordability Snapshot
$70,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,625/mo PITI).

14%
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.

20.3 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 46239 in Indianapolis city (balance), IN, a household would need roughly $70,000 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 $1,625. That sits below the local median household income ($92,160), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
82.1%+25% vs US avg
x
Vacancy Rate
4.9%-52% vs US avg
x
Broadband Access
95.4%+10% vs US avg
x
4+ Bedrooms
6.6%-55% vs US avg
x
Built Pre-1939
2.0%-84% vs US avg
x
Built Post-2014
2.7%-61% vs US avg
x
Rent Burden >30%
34.3%-31% vs US avg
x
Mortgage-Free
20.8%-45% vs US avg
x
$253,000
Home Value
$1,038
Rent
2001
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached87.7%
  • 1-unit attached2.2%
  • 2-9 units5.8%
  • 10+ units2.4%
  • Mobile home & other1.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$253,000
Median rent$1,038
Owner-occupied82.1%
Vacant4.9%
Price-to-income2.7x
Est. income to buy$70,000