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These days, finding an affordable place to live in the 47042 area can be challenging. Home prices in 47042 are now at a median cost of $207,663, lower than the Indiana average of $232,932.
The average cost of rent is $792/mo in 47042, primarily driven by the current value of real estate in the 47042 area. In 47042, 26.05% of households rent, and 38.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47042 is $5,734 per month. Households that rent pay about 13.81% of their income on rent here. 47042’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern 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
- 47023, IN: higher priced homes
- 47021, IN: higher priced homes
- 47017, IN: higher priced homes
- 47037, IN: equally priced homes
- 47031, IN: equally priced homes
- 47018, IN: equally priced homes
- 47032, IN: higher priced homes
- 47223, IN: equally priced homes
- 47001, IN: equally priced homes
- 47282, IN: less expensive homes
Zip Codes with Similar Populations
- 18101, PA: less expensive homes
- 89883, NV: less expensive homes
- 89704, NV: higher priced homes
- 89018, NV: higher priced homes
- 85925, AZ: higher priced homes
- 19094, PA: higher priced homes
- 18977, PA: higher priced homes
- 18701, PA: equally priced homes
- 18642, PA: less expensive homes
- 94304, CA: higher priced homes
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