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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 $143,168, lower than the Indiana average of $175,617.
The average cost of rent is $702/mo in 47227, primarily driven by the current value of real estate in the 47227 area. While nearly 43.05% of residents own their homes outright in 47227, 11.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47227 is $5,988 per month. Households that rent pay about 11.73% of their income on rent here. 47227's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 47270, IN: equally priced homes
- 47230, IN: equally priced homes
- 47231, IN: less expensive homes
- 47282, IN: less expensive homes
- 47102, IN: less expensive homes
- 47229, IN: less expensive homes
- 47243, IN: less expensive homes
- 47274, IN: equally priced homes
- 47250, IN: equally priced homes
- 47220, IN: higher priced homes
Zip Codes with Similar Populations
- 75943, TX: equally priced homes
- 26055, WV: equally priced homes
- 27305, NC: less expensive homes
- 27927, NC: higher priced homes
- 32332, FL: less expensive homes
- 52540, IA: equally priced homes
- 71266, LA: less expensive homes
- 72466, AR: less expensive homes
- 74852, OK: less expensive homes
- 74939, OK: less expensive homes
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