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These days, finding an affordable place to live in the 47022 area can be challenging. Home prices in 47022 are now at a median cost of $267,072, higher than the Indiana average of $232,932.
The average cost of rent is $968/mo in 47022, primarily driven by the current value of real estate in the 47022 area. In 47022, 7.93% of households rent, and 32.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47022 is $8,081 per month. Households that rent pay about 11.98% of their income on rent here. 47022’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
- 47060, IN: higher priced homes
- 47025, IN: equally priced homes
- 47035, IN: higher priced homes
- 47041, IN: equally priced homes
- 45030, OH: equally priced homes
- 45033, OH: less expensive homes
- 47016, IN: equally priced homes
- 45052, OH: less expensive homes
- 45002, OH: equally priced homes
- 47031, IN: less expensive homes
Zip Codes with Similar Populations
- 13480, NY: less expensive homes
- 14172, NY: less expensive homes
- 15026, PA: equally priced homes
- 16115, PA: less expensive homes
- 16371, PA: less expensive homes
- 53811, WI: less expensive homes
- 63072, MO: equally priced homes
- 49277, MI: less expensive homes
- 49450, MI: less expensive homes
- 53013, WI: equally priced homes
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