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Expensive
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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 $178,085, higher than the Indiana average of $175,617.
The average cost of rent is $722/mo in 47120, primarily driven by the current value of real estate in the 47120 area. While nearly 14.02% of residents own their homes outright in 47120, 11.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47120 is $6,770 per month. Households that rent pay about 10.67% of their income on rent here. 47120's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 47164, IN: less expensive homes
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- 47140, IN: less expensive homes
- 47161, IN: equally priced homes
- 47124, IN: higher priced homes
- 47106, IN: higher priced homes
Zip Codes with Similar Populations
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