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Indianapolis city (balance), IN

ZIP 46254 — 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 46254

Median Home Value
$175,700
Median Rent
$860
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,129/mo PITI).

18%
Rent-to-Income Ratio

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

3.0x
Home Price-to-Income Ratio

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

17.0 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 46254 in Indianapolis city (balance), IN, a household would need roughly $48,000 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 $1,129. That sits below the local median household income ($57,825), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
48.0%-27% vs US avg
x
Vacancy Rate
5.2%-49% vs US avg
x
Broadband Access
86.9%-0% vs US avg
x
4+ Bedrooms
2.8%-81% vs US avg
x
Built Pre-1939
3.3%-74% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
17.1%-66% vs US avg
x
Mortgage-Free
27.5%-28% vs US avg
x
$175,700
Home Value
$860
Rent
1987
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 detached43.4%
  • 1-unit attached15.4%
  • 2-9 units28.6%
  • 10+ units11.8%
  • Mobile home & other0.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$175,700
Median rent$860
Owner-occupied48.0%
Vacant5.2%
Price-to-income3.0x
Est. income to buy$48,000