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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 $175,856, higher than the Indiana average of $175,617.
The average cost of rent is $1,030/mo in 47161, primarily driven by the current value of real estate in the 47161 area. While nearly 34.95% of residents own their homes outright in 47161, 15.70% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47161 is $6,673 per month. Households that rent pay about 15.43% of their income on rent here. 47161's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 47114, IN: equally priced homes
- 47166, IN: equally priced homes
- 47164, IN: less expensive homes
- 47115, IN: less expensive homes
- 47124, IN: higher priced homes
- 47122, IN: higher priced homes
- 47112, IN: equally 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
- 75572, TX: less expensive homes
- 75569, TX: less expensive homes
- 94599, CA: higher priced homes
- 36879, AL: higher priced homes
- 16950, PA: less expensive homes
- 15943, PA: less expensive homes
- 15557, PA: less expensive homes
- 95562, CA: higher priced homes
- 15473, PA: less expensive homes
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