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These days, finding an affordable place to live in the 47342 area can be challenging. Home prices in 47342 are now at a median cost of $105,784, lower than the Indiana average of $175,617.
The average cost of rent is $774/mo in 47342, primarily driven by the current value of real estate in the 47342 area. While nearly 40.59% of residents own their homes outright in 47342, 16.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47342 is $4,535 per month. Households that rent pay about 17.07% of their income on rent here. 47342's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 46957, IN: less expensive homes
- 46930, IN: equally priced homes
- 47304, IN: higher priced homes
- 46070, IN: equally priced homes
- 47338, IN: less expensive homes
- 47303, IN: less expensive homes
- 46001, IN: equally priced homes
- 46989, IN: higher priced homes
- 46928, IN: equally priced homes
- 47348, IN: less expensive homes
Zip Codes with Similar Populations
- 10968, NY: higher priced homes
- 72142, AR: higher priced homes
- 37097, TN: higher priced homes
- 38563, TN: higher priced homes
- 48419, MI: higher priced homes
- 49766, MI: equally priced homes
- 51579, IA: higher priced homes
- 53919, WI: higher priced homes
- 57744, SD: higher priced homes
- 62424, IL: higher priced homes
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