Housing Insights for ZIP Code 46783 (Roanoke, IN)

Housing Summary for ZIP Code 46783

Homeowners

The median home value in ZIP Code 46783 (Roanoke, IN) is $187,800. Approximately 92.4% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.9%.

The average occupancy of owner-occupied units in ZIP Code 46783 is 2.75 occupants, while owner-occupied units have an aggregate average size of 3.31 bedrooms per housing unit.

Renters

In the 46783 ZIP Code, an estimated 7.6% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 15.4%.

Among renter-occupied units in this ZIP, the average occupancy is 2.32 occupants, while renters in this Huntington County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 46783

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 46783.

ZIP 46783 Indiana U.S.
Median Home Value $187,800 $254,239 $356,002
Owner-Occupied Housing Units 92.4% 69.1% 64.0%
Homeowner Vacancy Rate 0.9% 1.5% 1.6%
Average Size of Owner-Occupied Unit 2.75 2.61 2.70
Average # of Bedrooms Per Unit 3.31 2.79 2.75
Median Housing Rent $0 $826 $1,062
Renter-Occupied Housing Units 7.6% 30.9% 36.0%
Rental Vacancy Rate 15.4% 7.1% 6.0%
Average Size of Renter-Occupied Unit 2.32 2.32 2.49
Percent of Income Spent on Rent 0% 28.96% 29.83%

Home Values in ZIP Code 46783 (Roanoke, IN)

The median home value in ZIP Code 46783 is $187,800. That median value is about 33% higher than the median home value of $141,700 in Indiana overall, and is 14% lower than the $217,500 the median home value in the entire U.S. An estimated 22.3% of homes in ZIP Code 46783 are valued $100,000 to $149,999. That is 1% lower than in the state of Indiana, in which 22.6% of homes are valued at $100,000 to $149,999, and is about 68% higher than in the U.S. overall (13.3% of homes valued at $100,000 to $149,999). The home value range that the smallest portion of ZIP Code 46783 homes fall into is $1,000,000 or more (1.0% of homes).

Home Values in ZIP Code 46783

This chart visualizes the breakdown of home values in ZIP Code 46783, Indiana, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 46783 vs. home values in both the state of Indiana and in the U.S. overall.

Home Values in ZIP Code 46783

See the table below for a regional comparison of home values in ZIP Code 46783.

Home Value ZIP 46783 Indiana U.S.
Less than $50,000 5.9% 8.4% 6.9%
$50,000 to $99,999 6.1% 22.6% 12.0%
$100,000 to $149,999 22.3% 22.6% 13.3%
$150,000 to $199,999 19.7% 17.9% 14.0%
$200,000 to $299,999 20.3% 16.0% 19.6%
$300,000 to $499,999 16.0% 9.2% 19.3%
$500,000 to $999,999 8.8% 2.8% 11.4%
$1,000,000 or more 1.0% 0.6% 3.4%

Home Ages in ZIP Code 46783 (Roanoke, IN)

Approximately 23.3% of homes in this Roanoke, IN region were built in 2000 to 2009. This amount of homes built in 2000 to 2009 in ZIP Code 46783 is about 91% higher than percentage of homes built in this time period in Indiana overall (12.2% of homes), and is 66% higher the percentage (14.0% of homes) in the U.S. as a whole. Additionally, an esimated 18.5% of local homes were built in 1990 to 1999. On the other end of the scale, just 3.5% of homes in this Huntington County ZIP Code were built in 2010 to 2013 in ZIP Code 46783. In comparison, 2.4% of homes in Indiana overall were built in 2010 to 2013, while 2.7% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 46783

A detailed regional comparison of home ages in ZIP Code 46783.

Year Built ZIP 46783 Indiana U.S.
2014 or later 4.2% 2.1% 2.5%
2010 to 2013 3.5% 2.4% 2.7%
2000 to 2009 23.3% 12.2% 14.0%
1990 to 1999 18.5% 14.7% 13.9%
1980 to 1989 12.4% 10.0% 13.4%
1970 to 1979 10.0% 13.9% 15.2%
1960 to 1969 3.6% 10.9% 10.6%
1950 to 1959 5.2% 11.0% 10.3%
1940 to 1949 3.6% 5.7% 4.9%
1939 or earlier 15.7% 17.1% 12.6%

Age of Homes in ZIP Code 46783

See the chart below for details on the age of homes in ZIP Code 46783, Indiana, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 46783

Frequently asked questions about housing in this Roanoke, IN ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 46783.

1

What is the average home value ZIP Code 46783?

The median home value in ZIP Code 46783 (Roanoke, IN) is $187,800.
2

Are homes expensive in ZIP Code 46783?

The median home value in 46783 ($187,800) is an estimated 33% higher than the aggregate median value of $141,700 in Indiana, and is 14% lower than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 46783?

The vacacy rate for owner-occupied housing in ZIP Code 46783 is 0.9%. This rate is 40% lower than the overall Indiana owner-occupied vacancy rate of 1.5%. Additionally, the 46783 vacancy rate is 44% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 46783 have older homes or newer construction?

In ZIP Code 46783, about 23.3% of homes were built in 2000 to 2009. That time range includes the most home construction. Also, 18.5% of homes in the region were built in 1990 to 1999. In contrast, 3.5% of homes in 46783 were built in 2010 to 2013.
5

What is the housing breakdown in ZIP Code 46783? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 46783 than renter-occupied housing. Owner-occupied units make up 92.4% of housing, compared to 7.6% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 46783?

The vacacy rate for rental units in ZIP Code 46783 is 15.4%. This rate is 117% higher than the overall Indiana vacancy rate of 7.1%. Additionally, the 46783 vacancy rate is 157% higher than the entire U.S. vacancy rate of 6.0%.