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These days, finding an affordable place to live in the 47220 area can be challenging. Home prices in 47220 are now at a median cost of $162,272, lower than the Indiana average of $175,617.
The average cost of rent is $715/mo in 47220, primarily driven by the current value of real estate in the 47220 area. While nearly 40.80% of residents own their homes outright in 47220, 16.33% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47220 is $5,549 per month. Households that rent pay about 12.88% of their income on rent here. 47220's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 47281, IN: higher priced homes
- 47260, IN: less expensive homes
- 47274, IN: less expensive homes
- 47229, IN: less expensive homes
- 47264, IN: less expensive homes
- 47102, IN: less expensive homes
- 47270, IN: less expensive homes
- 47467, IN: higher priced homes
- 47436, IN: equally priced homes
- 47227, IN: less expensive homes
Zip Codes with Similar Populations
- 67432, KS: less expensive homes
- 49099, MI: equally priced homes
- 49330, MI: equally priced homes
- 51054, IA: higher priced homes
- 51601, IA: less expensive homes
- 53119, WI: higher priced homes
- 53950, WI: equally priced homes
- 54812, WI: less expensive homes
- 60942, IL: less expensive homes
- 48849, MI: equally priced homes
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