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Albion town, IN

ZIP 46701 — 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 46701

Median Home Value
$194,300
Median Rent
$596
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,248/mo PITI).

9%
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.

27.2 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 46701 in Albion 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 $1,248. That sits below the local median household income ($76,813), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
82.8%+27% vs US avg
x
Vacancy Rate
7.8%-25% vs US avg
x
Broadband Access
91.0%+5% vs US avg
x
4+ Bedrooms
2.9%-81% vs US avg
x
Built Pre-1939
2.4%-81% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
8.6%-83% vs US avg
x
Mortgage-Free
41.7%+9% vs US avg
x
$194,300
Home Value
$596
Rent
1966
Year Built
2010
Moved In

Residents have lived here since ~2010 on average

Housing Structure

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

  • 1-unit detached86.0%
  • 1-unit attached0.7%
  • 2-9 units3.6%
  • 10+ units0.6%
  • Mobile home & other9.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$194,300
Median rent$596
Owner-occupied82.8%
Vacant7.8%
Price-to-income2.5x
Est. income to buy$53,000