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These days, finding an affordable place to live in the 47232 area can be challenging. Home prices in 47232 are now at a median cost of $221,183, lower than the Indiana average of $232,932.
The average cost of rent is $1,031/mo in 47232, primarily driven by the current value of real estate in the 47232 area. In 47232, 11.00% of households rent, and 37.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47232 is $6,109 per month. Households that rent pay about 16.87% of their income on rent here. 47232’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern 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
- 47236, IN: higher priced homes
- 47273, IN: less expensive homes
- 47247, IN: less expensive homes
- 47203, IN: higher priced homes
- 47201, IN: higher priced homes
- 47244, IN: higher priced homes
- 47265, IN: less expensive homes
- 47283, IN: less expensive homes
- 47226, IN: less expensive homes
- 47246, IN: less expensive homes
Zip Codes with Similar Populations
- 05261, VT: higher priced homes
- 44099, OH: equally priced homes
- 31749, GA: less expensive homes
- 88072, NM: less expensive homes
- 28020, NC: equally priced homes
- 25674, WV: less expensive homes
- 23966, VA: equally priced homes
- 16153, PA: less expensive homes
- 14724, NY: less expensive homes
- 04351, ME: higher priced homes
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