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These days, finding an affordable place to live in the 47203 area can be challenging. Home prices in 47203 are now at a median cost of $250,790, higher than the Indiana average of $232,932.
The average cost of rent is $1,055/mo in 47203, primarily driven by the current value of real estate in the 47203 area. In 47203, 22.70% of households rent, and 36.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47203 is $7,403 per month. Households that rent pay about 14.25% of their income on rent here. 47203’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
- 47226, IN: less expensive homes
- 47201, IN: equally priced homes
- 47280, IN: less expensive homes
- 47246, IN: less expensive homes
- 47232, IN: less expensive homes
- 47244, IN: equally priced homes
- 46124, IN: less expensive homes
- 47236, IN: equally priced homes
- 47234, IN: less expensive homes
- 46164, IN: equally priced homes
Zip Codes with Similar Populations
- 22406, VA: higher priced homes
- 28112, NC: higher priced homes
- 30224, GA: equally priced homes
- 57104, SD: less expensive homes
- 54952, WI: equally priced homes
- 60431, IL: higher priced homes
- 75088, TX: higher priced homes
- 75092, TX: higher priced homes
- 76033, TX: equally priced homes
- 78738, TX: higher priced homes
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