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These days, finding an affordable place to live in the 47388 area can be challenging. Home prices in 47388 are now at a median cost of $165,000, lower than the Indiana average of $232,932.
The average cost of rent is $695/mo in 47388, primarily driven by the current value of real estate in the 47388 area. In 47388, 16.31% of households rent, and 54.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47388 is $4,515 per month. Households that rent pay about 15.39% of their income on rent here. 47388’s most expensive areas are in the central 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
- 47361, IN: higher priced homes
- 47386, IN: higher priced homes
- 47356, IN: higher priced homes
- 47367, IN: equally priced homes
- 47362, IN: less expensive homes
- 47351, IN: less expensive homes
- 46056, IN: higher priced homes
- 47334, IN: equally priced homes
- 47384, IN: equally priced homes
- 47360, IN: equally priced homes
Zip Codes with Similar Populations
- 72429, AR: less expensive homes
- 58725, ND: higher priced homes
- 58768, ND: higher priced homes
- 59053, MT: higher priced homes
- 59827, MT: higher priced homes
- 59856, MT: higher priced homes
- 61812, IL: equally priced homes
- 68785, NE: equally priced homes
- 68976, NE: higher priced homes
- 69125, NE: less expensive homes
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