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These days, finding an affordable place to live in the 47348 area can be challenging. Home prices in 47348 are now at a median cost of $115,573, lower than the Indiana average of $232,932.
The average cost of rent is $787/mo in 47348, primarily driven by the current value of real estate in the 47348 area. In 47348, 27.22% of households rent, and 53.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47348 is $4,774 per month. Households that rent pay about 16.48% of their income on rent here. 47348’s most expensive areas are in the southwestern 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
- 46989, IN: higher priced homes
- 47338, IN: higher priced homes
- 46957, IN: equally priced homes
- 47359, IN: equally priced homes
- 47336, IN: less expensive homes
- 46930, IN: higher priced homes
- 47342, IN: higher priced homes
- 47369, IN: higher priced homes
- 46933, IN: higher priced homes
- 47373, IN: higher priced homes
Zip Codes with Similar Populations
- 72160, AR: higher priced homes
- 24293, VA: higher priced homes
- 25541, WV: higher priced homes
- 25560, WV: higher priced homes
- 27542, NC: higher priced homes
- 28204, NC: higher priced homes
- 29670, SC: higher priced homes
- 30752, GA: higher priced homes
- 31411, GA: higher priced homes
- 33540, FL: higher priced homes
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