46150, Manilla, IN

The Manilla, IN 46150 zip code has a median home value of $128,000 and a median home equity of $112,500. The Manilla zip code has a homeownership rate of 66% and an average household size of 2.7 people. The 46150 zip code is located in the northwest corner of Indiana and has a population density of 1,848 people per square mile. There are a total of 1,527 housing units in the Manilla zip code. The average price per square foot for homes in the 46150 zip code is $87 which is lower than the Indiana statewide average price per square foot of $100.

The Manilla area has seen an increase in home prices over the past few years due to strong demand from buyers and limited supply. In 2016, there were 538 active listings in the Manilla area which was more than double the number of active listings in 2012 (236). This indicates that there is strong demand for homes in the Manilla area and that sellers are able to get top dollar for their properties. Over the past three years (2015-2017), home prices have increased by an average of 9%. This indicates that buyers are willing to pay more for homes in this area despite relatively low unemployment rates (4%) and modest growth rates (2%) compared to other parts of Indiana.

One factor contributing to increased home values in the Manilla area is its location within Northwest Indiana which is one of Indiana’s fastest growing areas. Northwest Indiana has seen significant growth over recent years due to an influx of new residents who are looking for affordable housing options close to major employers such as General Motors Co., Eli Lilly & Co., Cummins Inc., and Ford Motor Company facilities. As a result, there is increasing demand for homes within close proximity to these businesses which drives up prices across all types of properties including single family homes and condos/townhomes inManila