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These days, finding an affordable place to live in the 47387 area can be challenging. Home prices in 47387 are now at a median cost of $169,331, lower than the Indiana average of $232,932.
The average cost of rent is $837/mo in 47387, primarily driven by the current value of real estate in the 47387 area. In 47387, 12.29% of households rent, and 38.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47387 is $6,832 per month. Households that rent pay about 12.26% of their income on rent here. 47387’s most expensive areas are in the central regions, while the cheapest areas are in the western 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
- 47335, IN: less expensive homes
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- 47385, IN: equally priced homes
- 47337, IN: higher priced homes
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- 47357, IN: equally priced homes
- 47346, IN: less expensive homes
Zip Codes with Similar Populations
- 47016, IN: higher priced homes
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- 47590, IN: higher priced homes
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