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These days, finding an affordable place to live in the 47011 area can be challenging. Home prices in 47011 are now at a median cost of $246,460, higher than the Indiana average of $232,932.
The average cost of rent is $962/mo in 47011, primarily driven by the current value of real estate in the 47011 area. In 47011, 7.90% of households rent, and 39.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47011 is $6,897 per month. Households that rent pay about 13.95% of their income on rent here. 47011’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern 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
- 47043, IN: less expensive homes
- 47020, IN: less expensive homes
- 47224, IN: equally priced homes
- 47021, IN: equally priced homes
- 47017, IN: equally priced homes
- 47040, IN: equally priced homes
- 41045, KY: less expensive homes
- 47038, IN: less expensive homes
- 41095, KY: less expensive homes
- 41086, KY: less expensive homes
Zip Codes with Similar Populations
- 80835, CO: higher priced homes
- 27922, NC: less expensive homes
- 28101, NC: higher priced homes
- 30250, GA: higher priced homes
- 38348, TN: less expensive homes
- 38390, TN: less expensive homes
- 38567, TN: higher priced homes
- 39352, MS: less expensive homes
- 40358, KY: less expensive homes
- 40404, KY: less expensive homes
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