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Shipshewana town, IN

ZIP 46565 — 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 46565

Median Home Value
$318,800
Median Rent
$575
Affordability Snapshot
$88,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,048/mo PITI).

7%
Rent-to-Income Ratio

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

3.3x
Home Price-to-Income Ratio

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

46.2 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 46565 in Shipshewana town, IN, a household would need roughly $88,000 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 $2,048. That is roughly in line with the local median household income ($95,578). 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
82.5%+26% vs US avg
x
Vacancy Rate
6.3%-39% vs US avg
x
Broadband Access
57.1%-34% vs US avg
x
4+ Bedrooms
31.1%+110% vs US avg
x
Built Pre-1939
2.9%-77% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
9.9%-80% vs US avg
x
Mortgage-Free
28.7%-25% vs US avg
x
$318,800
Home Value
$575
Rent
1993
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 detached85.0%
  • 1-unit attached5.3%
  • 2-9 units4.0%
  • 10+ units0.5%
  • Mobile home & other5.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$318,800
Median rent$575
Owner-occupied82.5%
Vacant6.3%
Price-to-income3.3x
Est. income to buy$88,000