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Affordable
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These days, finding an affordable place to live in the 47401 area can be challenging. Home prices in 47401 are now at a median cost of $375,575, higher than the Indiana average of $232,932.
The average cost of rent is $1,310/mo in 47401, primarily driven by the current value of real estate in the 47401 area. In 47401, 45.69% of households rent, and 42.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47401 is $6,571 per month. Households that rent pay about 19.94% of their income on rent here. 47401’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern 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
- 47405, IN: less expensive homes
- 47406, IN: less expensive homes
- 47408, IN: less expensive homes
- 47403, IN: less expensive homes
- 47458, IN: less expensive homes
- 47404, IN: less expensive homes
- 47434, IN: less expensive homes
- 47429, IN: less expensive homes
- 47468, IN: less expensive homes
- 47459, IN: less expensive homes
Zip Codes with Similar Populations
- 96786, HI: higher priced homes
- 11413, NY: higher priced homes
- 11421, NY: higher priced homes
- 11580, NY: higher priced homes
- 28214, NC: less expensive homes
- 28376, NC: less expensive homes
- 29461, SC: less expensive homes
- 95765, CA: higher priced homes
- 95831, CA: higher priced homes
- 00795, PR: less expensive homes
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