The story of this market
The typical home in ZIP 46016 sells for about $88,224, or $107 per square foot.
Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $925 a month.
ZIP 46016 — Anderson
The housing market in 46016 is characterized by low price points and high renter density, with median home values significantly below national averages. Recent data shows a stable market with moderate sales activity and a notable increase in rental inventory. Specific figures for months of supply, property tax rates, and school ratings were not available at the ZIP level.
This ZIP is primarily suited for budget-conscious buyers, investors, and renters seeking low-cost housing options in an established urban environment.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 25 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 94.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 24.5% — a mixed stability profile.
ZCTA 46016, Madison County, IN
The area is characterized by a mix of older residential stock and affordable housing initiatives, with limited large-scale commercial development reported.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents typically face a commute profile centered around local Anderson employment, with regional access via I-69 toward the Indianapolis metro area.
The area features local neighborhood parks and proximity to the White River greenway system, with basic retail and dining options concentrated along major corridors.
The rental market has seen significant inventory growth recently, with a median rent of $925 and high year-over-year listing volume increases.
The local economy is anchored by manufacturing and service-sector employment within the broader Anderson and Madison County region.
Data retrieved from US Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Provides local green space and recreational access.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.