46738, Garrett, IN

The 46738 zip code of Garrett, IN has a median home value of $136,000. This is higher than the Indiana median home value of $119,500. The 46738 zip code also has a lower than average unemployment rate of 3.5%. In addition, the percentage of households that own their homes is 68%, which is higher than the Indiana percentage of 62%.

The main reason why the home values in the 46738 zip code are high is because there are a lot of affluent families living in this area. Garrett is located in Hendricks County which has one of the highest median incomes in Indiana. Additionally, there are a lot of new homes being built in this area which increases the demand for property and drives up prices.

However, despite these high home values, it's important to remember that not everyone can afford to live in Garrett. The average household income in this zip code is $101,000 which means that most people cannot afford to buy a house here without some form of financial assistance from family or friends. In addition, there are also a lot of vacant homes available for sale which could lead to lower prices if they were to become available on the market again.