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These days, finding an affordable place to live in the 47120 area can be challenging. Home prices in 47120 are now at a median cost of $228,541, lower than the Indiana average of $232,932.
The average cost of rent is $946/mo in 47120, primarily driven by the current value of real estate in the 47120 area. In 47120, 16.46% of households rent, and 37.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47120 is $5,189 per month. Households that rent pay about 18.23% of their income on rent here. 47120’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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
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Zip Codes with Similar Populations
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