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These days, finding an affordable place to live in the 47142 area can be challenging. Home prices in 47142 are now at a median cost of $164,102, lower than the Indiana average of $232,932.
The average cost of rent is $630/mo in 47142, primarily driven by the current value of real estate in the 47142 area. In 47142, 6.61% of households rent, and 28.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47142 is $6,648 per month. Households that rent pay about 9.48% of their income on rent here. 47142’s most expensive areas are in the southeastern 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
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Zip Codes with Similar Populations
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