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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 $184,454, lower than the Indiana average of $232,932.
The average cost of rent is $1,079/mo in 47342, primarily driven by the current value of real estate in the 47342 area. In 47342, 16.96% of households rent, and 39.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47342 is $6,519 per month. Households that rent pay about 16.55% of their income on rent here. 47342’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central 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
- 46957, IN: less expensive homes
- 46930, IN: less expensive homes
- 47304, IN: equally priced homes
- 46070, IN: less expensive homes
- 47338, IN: less expensive homes
- 47303, IN: less expensive homes
- 46001, IN: less expensive homes
- 46989, IN: higher priced homes
- 46928, IN: less expensive homes
- 47348, IN: less expensive homes
Zip Codes with Similar Populations
- 10968, NY: higher priced homes
- 72142, AR: higher priced homes
- 37097, TN: less expensive homes
- 38563, TN: higher priced homes
- 48419, MI: less expensive homes
- 49766, MI: less expensive homes
- 51579, IA: equally priced homes
- 53919, WI: higher priced homes
- 57744, SD: higher priced homes
- 62424, IL: higher priced homes
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