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These days, finding an affordable place to live in the 47162 area can be challenging. Home prices in 47162 are now at a median cost of $155,666, lower than the Indiana average of $175,617.
The average cost of rent is $783/mo in 47162, primarily driven by the current value of real estate in the 47162 area. While nearly 45.40% of residents own their homes outright in 47162, 17.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47162 is $4,875 per month. Households that rent pay about 16.07% of their income on rent here. 47162's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 47147, IN: equally priced homes
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- 40077, KY: higher priced homes
- 47141, IN: equally priced homes
- 47163, IN: higher priced homes
- 47138, IN: equally priced homes
- 40026, KY: higher priced homes
- 40006, KY: less expensive homes
- 40055, KY: equally priced homes
- 47111, IN: higher priced homes
Zip Codes with Similar Populations
- 82325, WY: higher priced homes
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- 80819, CO: higher priced homes
- 81090, CO: less expensive homes
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