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These days, finding an affordable place to live in the 47320 area can be challenging. Home prices in 47320 are now at a median cost of $149,327, lower than the Indiana average of $232,932.
The average cost of rent is $828/mo in 47320, primarily driven by the current value of real estate in the 47320 area. In 47320, 14.88% of households rent, and 43.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47320 is $5,810 per month. Households that rent pay about 14.26% of their income on rent here. 47320’s most expensive areas are in the northwestern 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
- 47338, IN: less expensive homes
- 47373, IN: less expensive homes
- 47336, IN: less expensive homes
- 47368, IN: equally priced homes
- 47303, IN: less expensive homes
- 47383, IN: equally priced homes
- 47340, IN: equally priced homes
- 47305, IN: less expensive homes
- 47304, IN: higher priced homes
- 47302, IN: less expensive homes
Zip Codes with Similar Populations
- 31006, GA: less expensive homes
- 56520, MN: higher priced homes
- 71486, LA: less expensive homes
- 47993, IN: higher priced homes
- 46157, IN: higher priced homes
- 42086, KY: higher priced homes
- 40146, KY: equally priced homes
- 29924, SC: higher priced homes
- 28751, NC: higher priced homes
- 28605, NC: higher priced homes
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