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These days, finding an affordable place to live in the 46947 area can be challenging. Home prices in 46947 are now at a median cost of $135,170, lower than the Indiana average of $232,932.
The average cost of rent is $827/mo in 46947, primarily driven by the current value of real estate in the 46947 area. In 46947, 27.79% of households rent, and 47.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 46947 is $5,021 per month. Households that rent pay about 16.47% of their income on rent here. 46947’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 46950, IN: less expensive homes
- 46994, IN: equally priced homes
- 46961, IN: higher priced homes
- 46967, IN: higher priced homes
- 46916, IN: higher priced homes
- 46988, IN: higher priced homes
- 46978, IN: equally priced homes
- 46917, IN: equally priced homes
- 47926, IN: higher priced homes
- 46971, IN: less expensive homes
Zip Codes with Similar Populations
- 97214, OR: higher priced homes
- 07621, NJ: higher priced homes
- 11356, NY: higher priced homes
- 14424, NY: higher priced homes
- 19053, PA: higher priced homes
- 22315, VA: higher priced homes
- 26301, WV: equally priced homes
- 31794, GA: higher priced homes
- 74137, OK: higher priced homes
- 59404, MT: higher priced homes
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