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A tight-supply, appreciation-lean market. The rent math runs thin; demand and tenant incomes are the story.
What would change this read: a price correction (median already +7.2% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +18.2% YoY, is the number to watch.
The median listing price is up 7.2% YoY while the median home got up 8.4% bigger, so value per square foot is up 3.7%.
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 $224K purchase rents for $950/mo: 0.42% of price per month against the 1% rule's 1.00%.
Sales here take about 18 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), Townhouse (rented here, not sold).
Not shown: Condo (no rent per sq ft reported).
U.S. Census ACS characteristics for ZIP 46902 itself, not its parent county.
Renters hold 33.0% of this ZIP's 16,457 occupied households, on a median household income of $62K.
| Measure | ZIP 46902 | Howard County | Difference |
|---|---|---|---|
| Median Household Income | $62K | $64K | -$2K |
| Below Poverty Level | 13.7% | 13.4% | +0.3% |
| Median Age | 40.10 | 40.70 | -0.60 |
| Total Population | 37,017 | 83,752 | -- |
| Avg Household Size | 2.24 | 2.32 | -0.08 |
| Owner-Occupied | 67.0% | 70.6% | -3.6% |
| Worked From Home | 5.8% | 6.0% | -0.2% |
| Mean Commute | 19.40 | 20.40 | -1.00 |
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 0.2% to 83,752: residents under 18 are down 0.4% and those 65 and over are up 1.7%.
County median household income is $64K, 13.4% of residents are below the poverty level, 6.0% work from home.