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Matthews town, IN

ZIP 46957 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46957

Median Home Value
$76,600
Median Rent
$663
Affordability Snapshot
$21,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$492/mo PITI).

17%
Rent-to-Income Ratio

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

1.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

9.6 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 46957 in Matthews town, IN, a household would need roughly $21,000 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 $492. That sits below the local median household income ($46,875), 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
70.7%+8% vs US avg
x
Vacancy Rate
9.3%-10% vs US avg
x
Broadband Access
82.0%-6% vs US avg
x
4+ Bedrooms
0.0%
x
Built Pre-1939
4.4%-65% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
6.7%-87% vs US avg
x
Mortgage-Free
51.0%+34% vs US avg
x
$76,600
Home Value
$663
Rent
1965
Year Built
2007
Moved In

Residents have lived here since ~2007 on average

Housing Structure

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

  • 1-unit detached72.1%
  • 1-unit attached4.0%
  • 2-9 units3.5%
  • 10+ units0.0%
  • Mobile home & other20.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$76,600
Median rent$663
Owner-occupied70.7%
Vacant9.3%
Price-to-income1.6x
Est. income to buy$21,000