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These days, finding an affordable place to live in the 47405 area can be challenging. Home prices in 47405 are now at a median cost of $292,268, higher than the Indiana average of $232,932.
The average cost of rent is $829/mo in 47405, primarily driven by the current value of real estate in the 47405 area. In 47405, 89.16% of households rent, and 38.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47405 is $2,092 per month. Households that rent pay about 39.64% of their income on rent here. 47405’s most expensive areas are in the southwestern 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
- 47406, IN: equally priced homes
- 47408, IN: higher priced homes
- 47401, IN: higher priced homes
- 47404, IN: less expensive homes
- 47403, IN: less expensive homes
- 47458, IN: less expensive homes
- 47429, IN: less expensive homes
- 47468, IN: equally priced homes
- 47434, IN: equally priced homes
- 47464, IN: equally priced homes
Zip Codes with Similar Populations
- 17752, PA: less expensive homes
- 75851, TX: less expensive homes
- 75452, TX: equally priced homes
- 75426, TX: less expensive homes
- 20106, VA: higher priced homes
- 19946, DE: equally priced homes
- 19504, PA: higher priced homes
- 18419, PA: less expensive homes
- 18326, PA: equally priced homes
- 17954, PA: less expensive homes
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