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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 $93,126, lower than the Indiana average of $175,617.
The average cost of rent is $715/mo in 47331, primarily driven by the current value of real estate in the 47331 area. While nearly 41.41% of residents own their homes outright in 47331, 33.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47331 is $4,392 per month. Households that rent pay about 16.27% of their income on rent here. 47331's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 47325, IN: higher priced homes
- 46133, IN: higher priced homes
- 47357, IN: higher priced homes
- 46127, IN: equally priced homes
- 47353, IN: higher priced homes
- 46173, IN: higher priced homes
- 46155, IN: equally 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: higher 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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