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These days, finding an affordable place to live in the 47235 area can be challenging. Home prices in 47235 are now at a median cost of $233,378, higher than the Indiana average of $232,932.
The average cost of rent is $1,136/mo in 47235, primarily driven by the current value of real estate in the 47235 area. In 47235, 14.83% of households rent, and 41.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47235 is $5,660 per month. Households that rent pay about 20.07% of their income on rent here. 47235’s most expensive areas are in the northern regions, while the cheapest areas are in the southern 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
- 47264, IN: less expensive homes
- 47274, IN: less expensive homes
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- 47436, IN: equally priced homes
- 47201, IN: equally priced homes
- 47232, IN: equally priced homes
- 47458, IN: equally priced homes
- 47401, IN: higher priced homes
- 47434, IN: higher priced homes
- 47273, IN: less expensive homes
Zip Codes with Similar Populations
- 12185, NY: equally priced homes
- 16435, PA: less expensive homes
- 16341, PA: less expensive homes
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- 16034, PA: equally priced homes
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- 14427, NY: less expensive homes
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