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Leo-Cedarville town, IN

ZIP 46788 — 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 46788

Median Home Value
$233,600
Median Rent
$1,611
Affordability Snapshot
$64,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,501/mo PITI).

20%
Rent-to-Income Ratio

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

2.4x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.1 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 46788 in Leo-Cedarville town, IN, a household would need roughly $64,000 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 $1,501. That sits below the local median household income ($97,250), 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

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
94.6%+45% vs US avg
x
Vacancy Rate
1.7%-83% vs US avg
x
Broadband Access
80.6%-7% vs US avg
x
4+ Bedrooms
2.6%-82% vs US avg
x
Built Pre-1939
3.5%-73% vs US avg
x
Built Post-2014
3.9%-44% vs US avg
x
Rent Burden >30%
0.0%
x
Mortgage-Free
41.5%+9% vs US avg
x
$233,600
Home Value
$1,611
Rent
1980
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 detached93.6%
  • 1-unit attached0.0%
  • 2-9 units0.0%
  • 10+ units0.0%
  • Mobile home & other6.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$233,600
Median rent$1,611
Owner-occupied94.6%
Vacant1.7%
Price-to-income2.4x
Est. income to buy$64,000