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These days, finding an affordable place to live in the 47123 area can be challenging. Home prices in 47123 are now at a median cost of $112,949, lower than the Indiana average of $232,932.
The average cost of rent is $656/mo in 47123, primarily driven by the current value of real estate in the 47123 area. In 47123, 13.43% of households rent, and 53.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47123 is $3,274 per month. Households that rent pay about 20.05% of their income on rent here. 47123’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern 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
- 47118, IN: higher priced homes
- 47174, IN: equally priced homes
- 47175, IN: equally priced homes
- 47137, IN: higher priced homes
- 47116, IN: equally priced homes
- 47140, IN: higher priced homes
- 47576, IN: higher priced homes
- 47145, IN: higher priced homes
- 47514, IN: higher priced homes
- 47551, IN: higher priced homes
Zip Codes with Similar Populations
- 99776, AK: less expensive homes
- 80755, CO: higher priced homes
- 82215, WY: higher priced homes
- 79755, TX: higher priced homes
- 82512, WY: higher priced homes
- 45893, OH: equally priced homes
- 13859, NY: higher priced homes
- 13633, NY: equally priced homes
- 13415, NY: higher priced homes
- 13404, NY: higher priced homes
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