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These days, finding an affordable place to live in the 47362 area can be challenging. Home prices in 47362 are now at a median cost of $141,004, lower than the Indiana average of $232,932.
The average cost of rent is $844/mo in 47362, primarily driven by the current value of real estate in the 47362 area. In 47362, 27.93% of households rent, and 44.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47362 is $5,121 per month. Households that rent pay about 16.49% of their income on rent here. 47362’s most expensive areas are in the western regions, while the cheapest areas are in the eastern 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
- 47361, IN: higher priced homes
- 47344, IN: equally priced homes
- 47388, IN: higher priced homes
- 47385, IN: higher priced homes
- 47387, IN: higher priced homes
- 47351, IN: equally priced homes
- 47360, IN: higher priced homes
- 47386, IN: higher priced homes
- 47352, IN: higher priced homes
- 47337, IN: higher priced homes
Zip Codes with Similar Populations
- 30240, GA: higher priced homes
- 40241, KY: higher priced homes
- 43004, OH: higher priced homes
- 34986, FL: higher priced homes
- 33556, FL: higher priced homes
- 33510, FL: higher priced homes
- 33145, FL: higher priced homes
- 32327, FL: higher priced homes
- 32127, FL: higher priced homes
- 20008, DC: higher priced homes
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