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These days, finding an affordable place to live in the 47037 area can be challenging. Home prices in 47037 are now at a median cost of $189,908, lower than the Indiana average of $232,932.
The average cost of rent is $830/mo in 47037, primarily driven by the current value of real estate in the 47037 area. In 47037, 26.67% of households rent, and 34.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47037 is $5,577 per month. Households that rent pay about 14.88% of their income on rent here. 47037’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern 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
- 47034, IN: higher priced homes
- 47023, IN: higher priced homes
- 47042, IN: higher priced homes
- 47031, IN: higher priced homes
- 47006, IN: higher priced homes
- 47223, IN: equally priced homes
- 47041, IN: higher priced homes
- 47032, IN: higher priced homes
- 47018, IN: equally priced homes
- 47283, IN: less expensive homes
Zip Codes with Similar Populations
- 20119, VA: higher priced homes
- 79908, TX: equally priced homes
- 26378, WV: less expensive homes
- 26351, WV: less expensive homes
- 26143, WV: less expensive homes
- 80135, CO: higher priced homes
- 80443, CO: higher priced homes
- 23837, VA: higher priced homes
- 23421, VA: less expensive homes
- 22920, VA: higher priced homes
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