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Ashley town, IN

ZIP 46705 — 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 46705

Median Home Value
$144,100
Median Rent
$535
Affordability Snapshot
$40,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$926/mo PITI).

10%
Rent-to-Income Ratio

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

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.4 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 46705 in Ashley town, IN, a household would need roughly $40,000 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 $926. That sits below the local median household income ($62,232), 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
78.2%+20% vs US avg
x
Vacancy Rate
13.1%+27% vs US avg
x
Broadband Access
77.1%-11% vs US avg
x
4+ Bedrooms
4.7%-68% vs US avg
x
Built Pre-1939
4.2%-67% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
3.2%-94% vs US avg
x
Mortgage-Free
14.0%-63% vs US avg
x
$144,100
Home Value
$535
Rent
1973
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 detached76.9%
  • 1-unit attached0.5%
  • 2-9 units9.4%
  • 10+ units6.6%
  • Mobile home & other6.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$144,100
Median rent$535
Owner-occupied78.2%
Vacant13.1%
Price-to-income2.3x
Est. income to buy$40,000