US5.com
  1. Home
  2. States
  3. Indiana
  4. ZIP 46590
  5. Housing & Real Estate
Winona Lake town, IN

ZIP 46590 — 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 46590

Median Home Value
$242,400
Median Rent
$935
Affordability Snapshot
$67,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,557/mo PITI).

11%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

21.6 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 46590 in Winona Lake town, IN, a household would need roughly $67,000 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 $1,557. That sits below the local median household income ($97,813), 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

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
65.6%+0% vs US avg
x
Vacancy Rate
13.2%+28% vs US avg
x
Broadband Access
95.2%+9% vs US avg
x
4+ Bedrooms
7.3%-51% vs US avg
x
Built Pre-1939
1.5%-88% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
23.4%-53% vs US avg
x
Mortgage-Free
23.9%-37% vs US avg
x
$242,400
Home Value
$935
Rent
1982
Year Built
2017
Moved In

Residents have lived here since ~2017 on average

Housing Structure

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

  • 1-unit detached77.1%
  • 1-unit attached1.3%
  • 2-9 units16.8%
  • 10+ units3.7%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$242,400
Median rent$935
Owner-occupied65.6%
Vacant13.2%
Price-to-income2.5x
Est. income to buy$67,000