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Hobart city, IN

ZIP 46342 — 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 46342

Median Home Value
$193,400
Median Rent
$950
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,242/mo PITI).

16%
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.

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 46342 in Hobart city, IN, a household would need roughly $53,000 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 $1,242. That sits below the local median household income ($72,163), 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
75.0%+15% vs US avg
x
Vacancy Rate
7.1%-31% vs US avg
x
Broadband Access
93.7%+8% vs US avg
x
4+ Bedrooms
3.9%-73% vs US avg
x
Built Pre-1939
9.1%-29% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
28.9%-42% vs US avg
x
Mortgage-Free
35.7%-6% vs US avg
x
$193,400
Home Value
$950
Rent
1972
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached75.8%
  • 1-unit attached3.2%
  • 2-9 units7.3%
  • 10+ units9.2%
  • Mobile home & other4.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$193,400
Median rent$950
Owner-occupied75.0%
Vacant7.1%
Price-to-income2.7x
Est. income to buy$53,000