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These days, finding an affordable place to live in the 47281 area can be challenging. Home prices in 47281 are now at a median cost of $222,008, lower than the Indiana average of $232,932.
The average cost of rent is $1,016/mo in 47281, primarily driven by the current value of real estate in the 47281 area. In 47281, 16.65% of households rent, and 40.29% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47281 is $7,221 per month. Households that rent pay about 14.07% of their income on rent here. 47281’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern 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
- 47260, IN: less expensive homes
- 47220, IN: less expensive homes
- 47264, IN: less expensive homes
- 47467, IN: less expensive homes
- 47229, IN: less expensive homes
- 47274, IN: less expensive homes
- 47102, IN: less expensive homes
- 47436, IN: equally priced homes
- 47270, IN: less expensive homes
- 47421, IN: less expensive homes
Zip Codes with Similar Populations
- 97632, OR: higher priced homes
- 04095, ME: higher priced homes
- 52659, IA: less expensive homes
- 74931, OK: less expensive homes
- 45333, OH: equally priced homes
- 44669, OH: equally priced homes
- 79511, TX: less expensive homes
- 81334, CO: higher priced homes
- 82839, WY: higher priced homes
- 85192, AZ: less expensive homes
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