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These days, finding an affordable place to live in the 47224 area can be challenging. Home prices in 47224 are now at a median cost of $230,817, lower than the Indiana average of $232,932.
The average cost of rent is $807/mo in 47224, primarily driven by the current value of real estate in the 47224 area. In 47224, 14.48% of households rent, and 26.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47224 is $6,498 per month. Households that rent pay about 12.42% of their income on rent here. 47224’s most expensive areas are in the eastern regions, while the cheapest areas are in the central 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
- 47017, IN: higher priced homes
- 47021, IN: higher priced homes
- 47011, IN: equally priced homes
- 47043, IN: less expensive homes
- 47250, IN: less expensive homes
- 41045, KY: less expensive homes
- 47020, IN: less expensive homes
- 47231, IN: equally priced homes
- 47040, IN: equally priced homes
- 47243, IN: less expensive homes
Zip Codes with Similar Populations
- 82433, WY: higher priced homes
- 23176, VA: higher priced homes
- 23894, VA: higher priced homes
- 24602, VA: less expensive homes
- 25113, WV: less expensive homes
- 25267, WV: less expensive homes
- 25547, WV: less expensive homes
- 26137, WV: less expensive homes
- 26866, WV: equally priced homes
- 30803, GA: less expensive homes
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