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These days, finding an affordable place to live in the 47331 area can be challenging. Home prices in 47331 are now at a median cost of $150,008, lower than the Indiana average of $232,932.
The average cost of rent is $912/mo in 47331, primarily driven by the current value of real estate in the 47331 area. In 47331, 28.25% of households rent, and 42.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47331 is $5,143 per month. Households that rent pay about 17.72% of their income on rent here. 47331’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern 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
- 47325, IN: higher priced homes
- 46133, IN: equally priced homes
- 47357, IN: equally priced homes
- 46127, IN: higher priced homes
- 47353, IN: higher priced homes
- 46173, IN: higher priced homes
- 46155, IN: higher priced homes
- 47324, IN: higher priced homes
- 47003, IN: higher priced homes
- 45003, OH: higher priced homes
Zip Codes with Similar Populations
- 08876, NJ: higher priced homes
- 11776, NY: higher priced homes
- 12078, NY: equally priced homes
- 84105, UT: higher priced homes
- 03801, NH: higher priced homes
- 48223, MI: less expensive homes
- 48864, MI: higher priced homes
- 53143, WI: higher priced homes
- 57105, SD: higher priced homes
- 60008, IL: higher priced homes
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