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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 $285,200, higher than the Indiana average of $232,932.
The average cost of rent is $841/mo in 47406, primarily driven by the current value of real estate in the 47406 area. In 47406, 92.89% of households rent, and 100.00% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47406 is $5,489 per month. Households that rent pay about 15.32% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: less expensive homes
- 47468, IN: equally priced homes
- 47464, IN: equally priced homes
- 47434, IN: equally 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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