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These days, finding an affordable place to live in the 47138 area can be challenging. Home prices in 47138 are now at a median cost of $194,847, lower than the Indiana average of $232,932.
The average cost of rent is $819/mo in 47138, primarily driven by the current value of real estate in the 47138 area. In 47138, 9.96% of households rent, and 36.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47138 is $6,809 per month. Households that rent pay about 12.02% of their income on rent here. 47138’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern 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
- 47147, IN: equally priced homes
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Zip Codes with Similar Populations
- 13605, NY: equally priced homes
- 35646, AL: less expensive homes
- 01585, MA: higher priced homes
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- 45315, OH: higher priced homes
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- 53952, WI: equally priced homes
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- 58047, ND: higher priced homes
- 63048, MO: higher priced homes
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