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These days, finding an affordable place to live in the 47108 area can be challenging. Home prices in 47108 are now at a median cost of $98,183, lower than the Indiana average of $175,617.
The average cost of rent is $611/mo in 47108, primarily driven by the current value of real estate in the 47108 area. While nearly 51.75% of residents own their homes outright in 47108, 21.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47108 is $4,209 per month. Households that rent pay about 14.53% of their income on rent here. 47108's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 47167, IN: higher priced homes
- 47467, IN: higher priced homes
- 47452, IN: higher priced homes
- 47454, IN: equally priced homes
- 47446, IN: higher priced homes
- 47469, IN: higher priced homes
- 47432, IN: equally priced homes
- 47437, IN: higher priced homes
- 47170, IN: higher priced homes
- 47102, IN: equally priced homes
Zip Codes with Similar Populations
- 79084, TX: equally priced homes
- 38356, TN: higher priced homes
- 01223, MA: higher priced homes
- 44215, OH: higher priced homes
- 44411, OH: higher priced homes
- 45877, OH: higher priced homes
- 46166, IN: higher priced homes
- 54245, WI: higher priced homes
- 69210, NE: less expensive homes
- 72006, AR: equally priced homes
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