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These days, finding an affordable place to live in the 47243 area can be challenging. Home prices in 47243 are now at a median cost of $171,069, lower than the Indiana average of $232,932.
The average cost of rent is $898/mo in 47243, primarily driven by the current value of real estate in the 47243 area. In 47243, 28.24% of households rent, and 45.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47243 is $4,868 per month. Households that rent pay about 18.44% of their income on rent here. 47243’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western 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
- 40045, KY: equally priced homes
- 47250, IN: higher priced homes
- 47138, IN: higher priced homes
- 47230, IN: equally priced homes
- 47231, IN: higher priced homes
- 47227, IN: equally priced homes
- 47270, IN: equally priced homes
- 41008, KY: equally priced homes
- 47170, IN: equally priced homes
- 47102, IN: less expensive homes
Zip Codes with Similar Populations
- 29431, SC: higher priced homes
- 38483, TN: higher priced homes
- 37082, TN: higher priced homes
- 37022, TN: higher priced homes
- 36271, AL: less expensive homes
- 36024, AL: higher priced homes
- 32565, FL: higher priced homes
- 32535, FL: higher priced homes
- 32113, FL: higher priced homes
- 31031, GA: less expensive homes
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