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These days, finding an affordable place to live in the 47116 area can be challenging. Home prices in 47116 are now at a median cost of $68,461, lower than the Indiana average of $175,617.
The average cost of rent is $779/mo in 47116, primarily driven by the current value of real estate in the 47116 area. While nearly 65.48% of residents own their homes outright in 47116, 0.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47116 is $4,038 per month. Households that rent pay about 19.29% of their income on rent here. 47116's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 47175, IN: higher priced homes
- 47513, IN: higher priced homes
- 47118, IN: higher priced homes
- 47123, IN: higher priced homes
- 47580, IN: higher priced homes
- 47521, IN: higher priced homes
- 47174, IN: higher priced homes
- 47575, IN: higher priced homes
- 47527, IN: higher priced homes
- 47140, IN: higher priced homes
Zip Codes with Similar Populations
- 41660, KY: higher priced homes
- 78833, TX: higher priced homes
- 46990, IN: higher priced homes
- 45778, OH: higher priced homes
- 45695, OH: higher priced homes
- 43501, OH: higher priced homes
- 42533, KY: higher priced homes
- 42085, KY: higher priced homes
- 41862, KY: less expensive homes
- 79532, TX: equally priced homes
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