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These days, finding an affordable place to live in the 47117 area can be challenging. Home prices in 47117 are now at a median cost of $232,412, lower than the Indiana average of $232,932.
The average cost of rent is $827/mo in 47117, primarily driven by the current value of real estate in the 47117 area. In 47117, 16.43% of households rent, and 40.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47117 is $6,873 per month. Households that rent pay about 12.03% of their income on rent here. 47117’s most expensive areas are in the western 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
- 47160, IN: higher priced homes
- 40258, KY: less expensive homes
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- 40216, KY: less expensive homes
- 47112, IN: higher priced homes
- 40214, KY: less expensive homes
- 40215, KY: less expensive homes
Zip Codes with Similar Populations
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- 95236, CA: higher priced homes
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- 96754, HI: higher priced homes
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