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These days, finding an affordable place to live in the 47227 area can be challenging. Home prices in 47227 are now at a median cost of $181,377, lower than the Indiana average of $232,932.
The average cost of rent is $763/mo in 47227, primarily driven by the current value of real estate in the 47227 area. In 47227, 7.57% of households rent, and 47.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47227 is $7,048 per month. Households that rent pay about 10.83% of their income on rent here. 47227’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern 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
- 47270, IN: equally priced homes
- 47230, IN: equally priced homes
- 47231, IN: higher priced homes
- 47282, IN: less expensive homes
- 47102, IN: less expensive homes
- 47229, IN: less expensive homes
- 47243, IN: equally priced homes
- 47274, IN: equally priced homes
- 47250, IN: higher priced homes
- 47220, IN: equally priced homes
Zip Codes with Similar Populations
- 75943, TX: higher priced homes
- 26055, WV: less expensive homes
- 27305, NC: less expensive homes
- 27927, NC: higher priced homes
- 32332, FL: less expensive homes
- 52540, IA: less expensive homes
- 71266, LA: less expensive homes
- 72466, AR: equally priced homes
- 74852, OK: less expensive homes
- 74939, OK: equally priced homes
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