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These days, finding an affordable place to live in the 47031 area can be challenging. Home prices in 47031 are now at a median cost of $160,912, lower than the Indiana average of $175,617.
The average cost of rent is $760/mo in 47031, primarily driven by the current value of real estate in the 47031 area. While nearly 37.97% of residents own their homes outright in 47031, 19.73% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47031 is $5,629 per month. Households that rent pay about 13.51% of their income on rent here. 47031's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 47032, IN: equally priced homes
- 47041, IN: higher priced homes
- 47037, IN: less expensive homes
- 47018, IN: equally priced homes
- 47042, IN: equally priced homes
- 47001, IN: equally priced homes
- 47034, IN: less expensive homes
- 47022, IN: higher priced homes
- 47006, IN: higher priced homes
- 47023, IN: less expensive homes
Zip Codes with Similar Populations
- 70819, LA: less expensive homes
- 32431, FL: less expensive homes
- 33493, FL: less expensive homes
- 33538, FL: less expensive homes
- 33576, FL: higher priced homes
- 33876, FL: less expensive homes
- 35034, AL: less expensive homes
- 35116, AL: higher priced homes
- 35470, AL: less expensive homes
- 32058, FL: less expensive homes
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