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These days, finding an affordable place to live in the 47406 area can be challenging. Home prices in 47406 are now at a median cost of $202,400, higher than the Indiana average of $175,617.
The average cost of rent is $744/mo in 47406, primarily driven by the current value of real estate in the 47406 area. While nearly 36.94% of residents own their homes outright in 47406, 45.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47406 is $2,750 per month. Households that rent pay about 27.05% of their income on rent here. 47406's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 47405, IN: equally priced homes
- 47408, IN: higher priced homes
- 47401, IN: higher priced homes
- 47404, IN: less expensive homes
- 47403, IN: less expensive homes
- 47429, IN: less expensive homes
- 47458, IN: equally priced homes
- 47468, IN: equally priced homes
- 47464, IN: less expensive homes
- 47434, IN: higher priced homes
Zip Codes with Similar Populations
- 94937, CA: higher priced homes
- 37723, TN: less expensive homes
- 38473, TN: less expensive homes
- 40145, KY: less expensive homes
- 97413, OR: higher priced homes
- 43442, OH: less expensive homes
- 45362, OH: less expensive homes
- 45654, OH: less expensive homes
- 45719, OH: less expensive homes
- 47529, IN: less expensive homes
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