Zip 46360 (Michigan City, IN) Housing

The housing market in Michigan City, IN (46360) is on the rise with the median value of housing at $179,700. This is much lower than the US median value of $338,100 but still shows a higher appreciation rate over the last year at 9.67%, compared to 8.27% nationally. This means that properties in Michigan City are increasing in value faster than other parts of the country and could make it an attractive option for potential buyers.

The median home cost in Michigan City (zip 46360) is $179,700. Home appreciation the last 10 years has been 76.1%. Home Appreciation in Michigan City (zip 46360) is up 14.2%.

Average Age of Homes

- The median age of Michigan City (zip 46360) real estate is 54 years old

The Rental Market in Michigan City (zip 46360)

- Renters make up 30.7% of the Michigan City (zip 46360) population
- 1.4% of houses and apartments in Michigan City (zip 46360), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Michigan City, Indiana	United States
	21,200.0	139,647,020.0
	57	42
	$179,700	$338,100
	14.2%	16.6%
	54.9%	57.0%
	76.1%	101.1%
	$9.74	$10.98
	$1,177	$2,690
	55.3%	57.4%
	16.6%	11.2%
	28.1%	31.4%
Vacant Housing
	1.4%	1.9%
	0.3%	0.4%
	0.7%	0.7%
	0.8%	0.4%
	7.3%	3.6%
	6.1%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	2.7%	2.4%
	4.5%	2.8%
	11.6%	3.9%
	14.4%	4.5%
	24.7%	11.3%
	14.7%	13.0%
	10.5%	20.1%
	4.7%	13.6%
	3.7%	8.3%
	3.5%	9.7%
	0.6%	3.9%
	0.7%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.2%	13.6%
	7.2%	13.6%
	9.1%	13.6%
	7.8%	13.2%
	14.5%	14.8%
	9.1%	13.6%
	16.8%	10.0%
	6.7%	4.7%
	21.1%	12.2%

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