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These days, finding an affordable place to live in the 47006 area can be challenging. Home prices in 47006 are now at a median cost of $258,860, higher than the Indiana average of $232,932.
The average cost of rent is $868/mo in 47006, primarily driven by the current value of real estate in the 47006 area. In 47006, 23.08% of households rent, and 37.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47006 is $6,556 per month. Households that rent pay about 13.25% of their income on rent here. 47006’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
- 47036, IN: higher priced homes
- 47263, IN: higher priced homes
- 47041, IN: equally priced homes
- 47034, IN: equally priced homes
- 47037, IN: less expensive homes
- 47031, IN: less expensive homes
- 47240, IN: less expensive homes
- 47022, IN: equally priced homes
- 47035, IN: higher priced homes
- 47016, IN: equally priced homes
Zip Codes with Similar Populations
- 44718, OH: higher priced homes
- 23662, VA: higher priced homes
- 06078, CT: higher priced homes
- 06418, CT: equally priced homes
- 60442, IL: higher priced homes
- 72150, AR: less expensive homes
- 71269, LA: less expensive homes
- 68850, NE: less expensive homes
- 68138, NE: equally priced homes
- 66071, KS: equally priced homes
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