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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −2.6% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +24.1% YoY, is the number to watch.
The median listing price is down 2.6% YoY while the median home got down 1.4% bigger, so value per square foot is up 1.3%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $375K purchase rents for $1,850/mo: 0.49% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price).
Sales here take about 34 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Manufactured (sold here, not rented).
U.S. Census ACS characteristics for ZIP 46143 itself, not its parent county.
Renters hold 31.8% of this ZIP's 23,329 occupied households, on a median household income of $91K.
| Measure | ZIP 46143 | Johnson County | Difference |
|---|---|---|---|
| Median Household Income | $91K | $90K | +$1K |
| Below Poverty Level | 6.7% | 7.4% | -0.7% |
| Median Age | 36.60 | 38.00 | -1.40 |
| Total Population | 61,803 | 166,315 | -- |
| Avg Household Size | 2.63 | 2.61 | +0.02 |
| Owner-Occupied | 68.2% | 72.7% | -4.5% |
| Worked From Home | 13.9% | 14.2% | -0.3% |
| Mean Commute | 26.70 | 26.40 | +0.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.4% to 166,315: residents under 18 are up 0.8% and those 65 and over are up 3.6%.
County median household income is $90K, 7.4% of residents are below the poverty level, 14.2% work from home.