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These days, finding an affordable place to live in the 47345 area can be challenging. Home prices in 47345 are now at a median cost of $168,028, lower than the Indiana average of $232,932.
The average cost of rent is $941/mo in 47345, primarily driven by the current value of real estate in the 47345 area. In 47345, 15.32% of households rent, and 35.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47345 is $6,829 per month. Households that rent pay about 13.78% of their income on rent here. 47345’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern 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
- 47393, IN: equally priced homes
- 47392, IN: equally priced homes
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- 47346, IN: less expensive homes
- 47330, IN: equally priced homes
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- 47374, IN: less expensive homes
- 47357, IN: equally priced homes
Zip Codes with Similar Populations
- 54213, WI: higher priced homes
- 65650, MO: higher priced homes
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- 61728, IL: less expensive homes
- 61486, IL: less expensive homes
- 61370, IL: equally priced homes
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