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Expensive
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These days, finding an affordable place to live in the 47111 area can be challenging. Home prices in 47111 are now at a median cost of $195,075, higher than the Indiana average of $175,617.
The average cost of rent is $896/mo in 47111, primarily driven by the current value of real estate in the 47111 area. While nearly 25.12% of residents own their homes outright in 47111, 17.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47111 is $6,780 per month. Households that rent pay about 13.22% of their income on rent here. 47111's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 40026, KY: higher priced homes
- 47143, IN: higher priced homes
- 47163, IN: less expensive homes
- 47172, IN: equally priced homes
- 40059, KY: higher priced homes
- 47141, IN: less expensive homes
- 47126, IN: equally priced homes
- 47130, IN: less expensive homes
- 40025, KY: higher priced homes
- 47129, IN: less expensive homes
Zip Codes with Similar Populations
- 07481, NJ: higher priced homes
- 77378, TX: less expensive homes
- 19425, PA: higher priced homes
- 19015, PA: equally priced homes
- 16117, PA: less expensive homes
- 14305, NY: less expensive homes
- 77541, TX: less expensive homes
- 11703, NY: higher priced homes
- 11239, NY: higher priced homes
- 07031, NJ: higher priced homes
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