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These days, finding an affordable place to live in the 47020 area can be challenging. Home prices in 47020 are now at a median cost of $158,785, lower than the Indiana average of $232,932.
The average cost of rent is $864/mo in 47020, primarily driven by the current value of real estate in the 47020 area. In 47020, 18.99% of households rent, and 32.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47020 is $6,268 per month. Households that rent pay about 13.79% of their income on rent here. 47020’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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
- 41095, KY: higher priced homes
- 47038, IN: equally priced homes
- 47011, IN: higher priced homes
- 47043, IN: higher priced homes
- 41045, KY: equally priced homes
- 47040, IN: higher priced homes
- 41086, KY: higher priced homes
- 41046, KY: higher priced homes
- 41092, KY: higher priced homes
- 47224, IN: higher priced homes
Zip Codes with Similar Populations
- 78161, TX: higher priced homes
- 36860, AL: less expensive homes
- 36871, AL: higher priced homes
- 37057, TN: higher priced homes
- 37141, TN: higher priced homes
- 38337, TN: higher priced homes
- 38627, MS: equally priced homes
- 39152, MS: equally priced homes
- 39336, MS: less expensive homes
- 40104, KY: higher priced homes
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