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These days, finding an affordable place to live in the 47161 area can be challenging. Home prices in 47161 are now at a median cost of $225,890, lower than the Indiana average of $232,932.
The average cost of rent is $925/mo in 47161, primarily driven by the current value of real estate in the 47161 area. In 47161, 13.36% of households rent, and 37.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47161 is $6,609 per month. Households that rent pay about 14.00% of their income on rent here. 47161’s most expensive areas are in the southwestern 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
- 47114, IN: equally priced homes
- 47166, IN: equally priced homes
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- 47115, IN: less expensive homes
- 47124, IN: higher priced homes
- 47122, IN: higher priced homes
- 47112, IN: higher priced homes
- 47136, IN: higher priced homes
- 47120, IN: equally priced homes
- 47145, IN: less expensive homes
Zip Codes with Similar Populations
- 38057, TN: higher priced homes
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- 15473, PA: less expensive homes
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