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These days, finding an affordable place to live in the 47032 area can be challenging. Home prices in 47032 are now at a median cost of $287,207, higher than the Indiana average of $232,932.
The average cost of rent is $1,168/mo in 47032, primarily driven by the current value of real estate in the 47032 area. In 47032, 5.59% of households rent, and 36.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47032 is $5,743 per month. Households that rent pay about 20.33% of their income on rent here. 47032’s most expensive areas are in the northeastern 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
- 47031, IN: less expensive homes
- 47018, IN: less expensive homes
- 47001, IN: less expensive homes
- 47021, IN: less expensive homes
- 47042, IN: less expensive homes
- 47025, IN: equally priced homes
- 41080, KY: equally priced homes
- 47017, IN: less expensive homes
- 47037, IN: less expensive homes
- 47040, IN: less expensive homes
Zip Codes with Similar Populations
- 12525, NY: higher priced homes
- 13667, NY: less expensive homes
- 15112, PA: less expensive homes
- 15672, PA: less expensive homes
- 16254, PA: less expensive homes
- 16373, PA: less expensive homes
- 17023, PA: less expensive homes
- 20676, MD: higher priced homes
- 23069, VA: higher priced homes
- 29905, SC: higher priced homes
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