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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −8.7% YoY. inventory, +4.5% YoY, is the number to watch.
The median listing price is down 8.7% YoY while the median home got down 19.6% bigger, so value per square foot is up 18.9%.
U.S. Census ACS characteristics for ZIP 46231 itself, not its parent county.
Renters hold 21.3% of this ZIP's 3,848 occupied households, on a median household income of $72K.
| Measure | ZIP 46231 | Marion County | Difference |
|---|---|---|---|
| Median Household Income | $72K | $66K | +$5K |
| Below Poverty Level | 12.0% | 15.3% | -3.3% |
| Median Age | 40.40 | 34.40 | +6.00 |
| Total Population | 10,371 | 975,809 | -- |
| Avg Household Size | 2.68 | 2.40 | +0.28 |
| Owner-Occupied | 78.7% | 56.5% | +22.2% |
| Worked From Home | 7.6% | 13.9% | -6.3% |
| Mean Commute | 22.70 | 24.50 | -1.80 |
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 0.4% to 975,809: residents under 18 are up 0.1% and those 65 and over are up 2.7%.
County median household income is $66K, 15.3% of residents are below the poverty level, 13.9% work from home.