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Sarah Mitchell
Compass Real Estate · ZIP 46514
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46514 ZIP Code Housing Market
$270,950median sale price
What is the 46514 housing market like right now?
The median home sale price in ZIP code 46514 is $270,950, up 8.6% year-over-year. Homes sell in an average of 33 days with 95 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 46514 ZIP code a buyer's or seller's market?
ZIP code 46514 is currently a balanced market and homes selling in about 33 days. How we determine this →
What are the latest 46514 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $270,950 |
| Median list price | $310,000 |
| Year-over-year price change | +8.6% |
| Average days on market | 33 days |
| Active inventory | 95 listings |
| Sale-to-list price ratio | 98.5% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 46514 zip code, located in Simonton Lake, IN, is currently classified as a balanced market. The median sale price stands at $270,950, representing a +8.6% change year over year. Homes in this area spend an average of 33 days on the market before going under contract. There are currently 95 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 46514 sits in the Simonton Lake, IN area, roughly 2.2 miles from downtown Simonton Lake. Because home prices are set street by street, this ZIP can move differently from Simonton Lake's citywide averages. The figures below reflect 46514 specifically — drawn from Redfin transactions, U.S. Census data for its 42,389 residents, and Zillow value estimates.
Homes sold
128
Last 12 weeks
Days on market
33
Average pace
Active listings
95
Sale-to-list
98.5%
Below asking
What is driving the 46514 housing market?
The 46514 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 98.5% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 46514 have increased +8.6% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 46514 stands at $253,045, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,340 per month. This gives a price-to-rent ratio of approximately 15.7, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 46514?
Population
42,389
Median income
$65,833/yr
Median age
38.7 years
Owner-occupied
72.0%
College grads
20.3%
Avg commute
25.3 min
What is it like living in 46514?
Zip code 46514 is home to approximately 42,389 residents. The median household income is $65,833 per year, which shapes the types of homes and amenities available in the area. With a median age of 38.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 72.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 20.3% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 25.3 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 46514.
Which public schools serve ZIP 46514?
12 schools tracked · 8,148 students
The largest public schools serving ZIP code 46514 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Elkhart High School
Grades 9-12 · 3,195 students
West Side Middle School
Grades 7-8 · 570 students
North Side Middle School
Grades 7-8 · 562 students
Cleveland Elementary School
Grades K-6 · 557 students
Pinewood Elementary School
Grades K-6 · 544 students
Osolo Elementary School
Grades PK-6 · 515 students
Mary Feeser Elementary School
Grades PK-6 · 505 students
Mary Daly Elementary School
Grades PK-6 · 458 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 46514
What is the median home price in 46514?
The current median sale price in 46514 is $270,950, based on recent Redfin transaction data. Prices have changed +8.6% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 46514 a buyer's or seller's market?
The 46514 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 46514?
Zip code 46514 has a population of approximately 42,389 residents. The median household income is $65,833 per year. About 72.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 46514?
Properties Incorporated provides comprehensive data for 46514 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 46514 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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