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These days, finding an affordable place to live in the 47038 area can be challenging. Home prices in 47038 are now at a median cost of $151,173, lower than the Indiana average of $232,932.
The average cost of rent is $823/mo in 47038, primarily driven by the current value of real estate in the 47038 area. In 47038, 15.09% of households rent, and 60.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47038 is $4,706 per month. Households that rent pay about 17.49% of their income on rent here. 47038’s most expensive areas are in the northwestern 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
- 41095, KY: higher priced homes
- 47020, IN: equally priced homes
- 47040, IN: higher priced homes
- 41092, KY: higher priced homes
- 41046, KY: higher priced homes
- 41086, KY: higher priced homes
- 41091, KY: higher priced homes
- 47011, IN: higher priced homes
- 41094, KY: higher priced homes
- 47043, IN: higher priced homes
Zip Codes with Similar Populations
- 59036, MT: higher priced homes
- 65764, MO: less expensive homes
- 65040, MO: higher priced homes
- 64867, MO: higher priced homes
- 63945, MO: equally priced homes
- 63637, MO: higher priced homes
- 62701, IL: higher priced homes
- 62668, IL: less expensive homes
- 62665, IL: less expensive homes
- 62540, IL: less expensive homes
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