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These days, finding an affordable place to live in the 47023 area can be challenging. Home prices in 47023 are now at a median cost of $240,950, higher than the Indiana average of $232,932.
The average cost of rent is $931/mo in 47023, primarily driven by the current value of real estate in the 47023 area. In 47023, 17.71% of households rent, and 49.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47023 is $6,001 per month. Households that rent pay about 15.52% of their income on rent here. 47023’s most expensive areas are in the central regions, while the cheapest areas are in the eastern 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
- 47037, IN: less expensive homes
- 47223, IN: less expensive homes
- 47042, IN: less expensive homes
- 47283, IN: less expensive homes
- 47031, IN: less expensive homes
- 47017, IN: equally priced homes
- 47021, IN: equally priced homes
- 47282, IN: less expensive homes
- 47265, IN: less expensive homes
- 47018, IN: less expensive homes
Zip Codes with Similar Populations
- 16258, PA: less expensive homes
- 75132, TX: higher priced homes
- 39425, MS: less expensive homes
- 40472, KY: less expensive homes
- 41098, KY: less expensive homes
- 03043, NH: higher priced homes
- 49780, MI: less expensive homes
- 54128, WI: less expensive homes
- 56171, MN: less expensive homes
- 56178, MN: less expensive homes
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