46783, Roanoke, IN

The Roanoke zip code 46783 has a population of around 101,000 people and is located in the south central part of Indiana. The median household income in this zip code is $60,000 which is lower than the national median household income of $53,046. However, the median home value in this zip code is $172,500 which is higher than the national median home value of $157,700. This indicates that there are a lot of homes in this zip code that are worth more than the average American home.

One reason why homes in this Roanoke zip code are worth more than average is because there are a lot of affluent people living here. The percentage of households earning over $200,000 per year is high compared to other parts of Indiana and the United States as a whole. Additionally, Roanoke has a high concentration of college graduates which also contributes to high home values.

Another factor that contributes to high home values in Roanoke is the low rate of foreclosure activity here. This means that there are not many homes for sale that are at risk of being sold for less than their original purchase price. In addition, Roanoke has a low rate of unemployment which also helps keep prices high.