ZIP Code 46383 — Valparaiso, IN Home Prices (2026)
The typical home in ZIP 46383 (Valparaiso, Indiana) is worth about $351,000 at roughly $180 per square foot — about the same as the Valparaiso median and 19% more expensive than the typical U.S. home.
How 46383 compares
ZIP 46383 is a mid-priced ZIP code for Valparaiso: its typical home value of $351,000 ranks #2 of the 3 Valparaiso ZIP codes we track (the citywide range runs from $217,000 in 46393 to $378,000 in 46385). Per square foot it costs about $180, against $180 for Valparaiso as a whole, $155 for Indiana, and $195 nationally.
| Area | Typical value | $ / sq ft |
|---|---|---|
| ZIP 46383 | $351,000 | $180 |
| Valparaiso, IN | $351,000 | $180 |
| Indiana | $237,000 | $155 |
| United States | $294,000 | $195 |
Home value by size in 46383
Using this ZIP’s rate of about $180 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.
| Home size | Estimated value |
|---|---|
| 1,000 sq ft | $180,000 |
| 1,500 sq ft | $270,000 |
| 2,000 sq ft | $360,000 |
| 2,500 sq ft | $450,000 |
| 3,000 sq ft | $540,000 |
Salary needed to buy a home in ZIP 46383
To buy the typical $351,000 home in ZIP 46383 with 20% down, you need a household income of roughly $95,000 a year (about $2,230 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $113,000, because the loan is bigger and mortgage insurance kicks in.
| Down payment | Cash down | Monthly payment | Income needed |
|---|---|---|---|
| 5% (+PMI) | $17,600 | $2,770/mo | $119,000/yr |
| 10% (+PMI) | $35,100 | $2,650/mo | $113,000/yr |
| 20% | $70,200 | $2,230/mo | $95,000/yr |
Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.
What your budget buys in ZIP 46383
At about $180 per square foot, here is roughly how much home different budgets get you in ZIP 46383:
| Budget | Approx. size | What that looks like locally |
|---|---|---|
| $200k | 1110 sq ft | below the local median — condos, smaller or older homes |
| $250k | 1390 sq ft | below the local median — condos, smaller or older homes |
| $300k | 1670 sq ft | around the typical home here |
| $400k | 2220 sq ft | around the typical home here |
| $500k | 2780 sq ft | above the median — larger homes or the pricier ZIPs |
Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 46383 home.
Estimate a specific home in 46383
The estimator below is pre-set to ZIP 46383 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.
All Valparaiso ZIP codes by home value
Where 46383 sits among Valparaiso’s 3 ZIP codes:
ZIP 46383 home prices: frequently asked
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See the full Valparaiso home values page, all Indiana cities, or price per square foot by ZIP code nationwide.
Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.