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These days, finding an affordable place to live in the 47201 area can be challenging. Home prices in 47201 are now at a median cost of $242,186, higher than the Indiana average of $232,932.
The average cost of rent is $1,232/mo in 47201, primarily driven by the current value of real estate in the 47201 area. In 47201, 36.51% of households rent, and 34.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47201 is $7,553 per month. Households that rent pay about 16.31% of their income on rent here. 47201’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 47203, IN: equally priced homes
- 47280, IN: less expensive homes
- 47226, IN: less expensive homes
- 47247, IN: less expensive homes
- 47232, IN: equally priced homes
- 47246, IN: less expensive homes
- 47236, IN: higher priced homes
- 47244, IN: higher priced homes
- 47273, IN: less expensive homes
- 47448, IN: higher priced homes
Zip Codes with Similar Populations
- 00603, PR: less expensive homes
- 90503, CA: higher priced homes
- 90043, CA: higher priced homes
- 90033, CA: higher priced homes
- 90025, CA: higher priced homes
- 90023, CA: higher priced homes
- 90016, CA: higher priced homes
- 89103, NV: higher priced homes
- 87144, NM: higher priced homes
- 75023, TX: higher priced homes
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