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These days, finding an affordable place to live in the 47340 area can be challenging. Home prices in 47340 are now at a median cost of $106,088, lower than the Indiana average of $175,617.
The average cost of rent is $756/mo in 47340, primarily driven by the current value of real estate in the 47340 area. While nearly 38.40% of residents own their homes outright in 47340, 20.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47340 is $4,998 per month. Households that rent pay about 15.13% of their income on rent here. 47340's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 47368, IN: equally priced homes
- 47383, IN: higher priced homes
- 47394, IN: equally priced homes
- 47380, IN: less expensive homes
- 47320, IN: equally priced homes
- 47358, IN: equally priced homes
- 47354, IN: equally priced homes
- 47382, IN: higher priced homes
- 47302, IN: less expensive homes
- 47303, IN: less expensive homes
Zip Codes with Similar Populations
- 02725, MA: higher priced homes
- 04347, ME: higher priced homes
- 04363, ME: higher priced homes
- 13060, NY: higher priced homes
- 15545, PA: equally priced homes
- 16222, PA: equally priced homes
- 36518, AL: higher priced homes
- 47952, IN: equally priced homes
- 92391, CA: higher priced homes
- 48069, MI: higher priced homes
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