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These days, finding an affordable place to live in the 47247 area can be challenging. Home prices in 47247 are now at a median cost of $166,700, lower than the Indiana average of $175,617.
The average cost of rent is $541/mo in 47247, primarily driven by the current value of real estate in the 47247 area. While nearly 44.69% of residents own their homes outright in 47247, 28.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47247 is $3,384 per month. Households that rent pay about 15.99% of their income on rent here. 47247's most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 47232, IN: equally priced homes
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- 47201, IN: higher priced homes
- 47236, IN: higher priced homes
- 47265, IN: less expensive homes
- 47235, IN: equally priced homes
- 47282, IN: less expensive homes
- 47283, IN: less expensive homes
- 47223, IN: less expensive homes
Zip Codes with Similar Populations
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- 12770, NY: higher priced homes
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- 69046, NE: less expensive homes
- 68844, NE: equally priced homes
- 68936, NE: less expensive homes
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