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These days, finding an affordable place to live in the 47408 area can be challenging. Home prices in 47408 are now at a median cost of $243,871, higher than the Indiana average of $175,617.
The average cost of rent is $985/mo in 47408, primarily driven by the current value of real estate in the 47408 area. While nearly 43.35% of residents own their homes outright in 47408, 59.35% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47408 is $3,976 per month. Households that rent pay about 24.78% of their income on rent here. 47408's most expensive areas are in the southwestern regions, while the cheapest areas are in the southern parts of the zip.
Nearby Zip Codes
- 47406, IN: less expensive homes
- 47405, IN: less expensive homes
- 47401, IN: higher priced homes
- 47404, IN: less expensive homes
- 47403, IN: less expensive homes
- 47468, IN: less expensive homes
- 47429, IN: less expensive homes
- 47458, IN: less expensive homes
- 47464, IN: less expensive homes
- 47434, IN: less expensive homes
Zip Codes with Similar Populations
- 30312, GA: higher priced homes
- 74075, OK: less expensive homes
- 04005, ME: higher priced homes
- 45236, OH: equally priced homes
- 48067, MI: higher priced homes
- 48371, MI: higher priced homes
- 56201, MN: less expensive homes
- 60124, IL: higher priced homes
- 61571, IL: less expensive homes
- 71118, LA: less expensive homes
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