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These days, finding an affordable place to live in the 47244 area can be challenging. Home prices in 47244 are now at a median cost of $268,620, higher than the Indiana average of $232,932.
The average cost of rent is $964/mo in 47244, primarily driven by the current value of real estate in the 47244 area. In 47244, 6.18% of households rent, and 29.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47244 is $10,059 per month. Households that rent pay about 9.59% of their income on rent here. 47244’s most expensive areas are in the southern regions, while the cheapest areas are in the central 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
- 47246, IN: less expensive homes
- 47236, IN: equally priced homes
- 47283, IN: less expensive homes
- 47203, IN: equally priced homes
- 47226, IN: less expensive homes
- 47232, IN: less expensive homes
- 47234, IN: less expensive homes
- 47201, IN: less expensive homes
- 47240, IN: less expensive homes
- 47280, IN: less expensive homes
Zip Codes with Similar Populations
- 03853, NH: higher priced homes
- 12494, NY: higher priced homes
- 04617, ME: higher priced homes
- 04763, ME: less expensive homes
- 04956, ME: less expensive homes
- 05062, VT: higher priced homes
- 05778, VT: higher priced homes
- 05866, VT: less expensive homes
- 66033, KS: less expensive homes
- 67566, KS: less expensive homes
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