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These days, finding an affordable place to live in the 47147 area can be challenging. Home prices in 47147 are now at a median cost of $200,322, lower than the Indiana average of $232,932.
The average cost of rent is $966/mo in 47147, primarily driven by the current value of real estate in the 47147 area. In 47147, 12.61% of households rent, and 33.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47147 is $6,981 per month. Households that rent pay about 13.84% of their income on rent here. 47147’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 47162, IN: higher priced homes
- 47141, IN: higher priced homes
- 47138, IN: equally priced homes
- 47163, IN: higher priced homes
- 47104, IN: higher priced homes
- 40077, KY: higher priced homes
- 47177, IN: higher priced homes
- 47111, IN: higher priced homes
- 47126, IN: higher priced homes
- 40026, KY: higher priced homes
Zip Codes with Similar Populations
- 83810, ID: higher priced homes
- 24822, WV: less expensive homes
- 25501, WV: less expensive homes
- 26146, WV: less expensive homes
- 26410, WV: less expensive homes
- 75926, TX: less expensive homes
- 76673, TX: less expensive homes
- 77580, TX: higher priced homes
- 79097, TX: less expensive homes
- 83255, ID: higher priced homes
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