46222, Indianapolis, IN

The 46222 zip code of Indianapolis, IN is home to a population of over 317,000 people. The median household income in this zip code is $60,000 and the median home value is $157,500. The average mortgage rate in this zip code is 4.5%.

Home equity has become an important part of many Americans' lives. Home equity allows homeowners to borrow against the value of their homes and use that money for other purposes, such as paying off debt or investing in other assets. In recent years, home prices have increased significantly across the United States. This has led to a rise in homeowners' equity and a corresponding increase in home prices.

In the 46222 zip code of Indianapolis, home values have increased by an average of 9% since 2010. This growth has been particularly pronounced in areas near downtown Indianapolis, where values have increased by an average of 16%. In contrast, values outside of downtown Indianapolis have grown more slowly (by an average of 5%).

Despite this growth, there are still areas within the 46222 zip code where homes are affordable for most buyers. The majority (over 60%) of homes in this zip code are priced below $175,000. Additionally, there are a number of neighborhoods within the 46222 zip code where homes are priced below $200,000 – making it a good option for buyers who want to live close to downtown Indy but don't want to pay high prices for property."