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Merrillville town, IN

ZIP 46410 — 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 46410

Median Home Value
$192,100
Median Rent
$1,117
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,234/mo PITI).

22%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

14.3 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 46410 in Merrillville town, 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 $1,234. That sits below the local median household income ($61,735), 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
63.6%-3% vs US avg
x
Vacancy Rate
5.4%-48% vs US avg
x
Broadband Access
87.1%+0% vs US avg
x
4+ Bedrooms
3.6%-75% vs US avg
x
Built Pre-1939
5.3%-59% vs US avg
x
Built Post-2014
0.8%-89% vs US avg
x
Rent Burden >30%
30.4%-39% vs US avg
x
Mortgage-Free
27.8%-27% vs US avg
x
$192,100
Home Value
$1,117
Rent
1978
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

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

  • 1-unit detached57.3%
  • 1-unit attached7.5%
  • 2-9 units11.6%
  • 10+ units22.3%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$192,100
Median rent$1,117
Owner-occupied63.6%
Vacant5.4%
Price-to-income3.1x
Est. income to buy$53,000