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These days, finding an affordable place to live in the 47305 area can be challenging. Home prices in 47305 are now at a median cost of $86,300, lower than the Indiana average of $232,932.
The average cost of rent is $793/mo in 47305, primarily driven by the current value of real estate in the 47305 area. In 47305, 65.97% of households rent, and 70.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47305 is $3,493 per month. Households that rent pay about 22.70% of their income on rent here. 47305’s most expensive areas are in the central 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
- 47303, IN: higher priced homes
- 47302, IN: equally priced homes
- 47304, IN: higher priced homes
- 47396, IN: higher priced homes
- 47383, IN: higher priced homes
- 47367, IN: higher priced homes
- 47334, IN: higher priced homes
- 47368, IN: higher priced homes
- 47320, IN: higher priced homes
- 47386, IN: higher priced homes
Zip Codes with Similar Populations
- 36091, AL: higher priced homes
- 24637, VA: higher priced homes
- 47944, IN: higher priced homes
- 54406, WI: higher priced homes
- 24317, VA: higher priced homes
- 21140, MD: higher priced homes
- 18660, PA: higher priced homes
- 71033, LA: higher priced homes
- 04856, ME: higher priced homes
- 63565, MO: higher priced homes
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