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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 $109,923, lower than the Indiana average of $175,617.
The average cost of rent is $628/mo in 47320, primarily driven by the current value of real estate in the 47320 area. While nearly 43.05% of residents own their homes outright in 47320, 18.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47320 is $4,598 per month. Households that rent pay about 13.66% of their income on rent here. 47320's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the zip.
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: higher 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: equally priced homes
- 56520, MN: higher priced homes
- 71486, LA: equally priced homes
- 47993, IN: equally priced homes
- 46157, IN: higher priced homes
- 42086, KY: higher priced homes
- 40146, KY: less expensive homes
- 29924, SC: higher priced homes
- 28751, NC: higher priced homes
- 28605, NC: higher priced homes
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