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These days, finding an affordable place to live in the 47420 area can be challenging. Home prices in 47420 are now at a median cost of $295,800, higher than the Indiana average of $232,932.
The average cost of rent is $850/mo in 47420, primarily driven by the current value of real estate in the 47420 area. In 47420, 9.42% of households rent, and 48.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47420 is $9,568 per month. Households that rent pay about 8.88% of their income on rent here. 47420’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
- 47451, IN: less expensive homes
- 47421, IN: less expensive homes
- 47462, IN: less expensive homes
- 47434, IN: equally priced homes
- 47470, IN: less expensive homes
- 47436, IN: less expensive homes
- 47453, IN: less expensive homes
- 47458, IN: less expensive homes
- 47264, IN: less expensive homes
- 47522, IN: less expensive homes
Zip Codes with Similar Populations
- 68751, NE: less expensive homes
- 72353, AR: less expensive homes
- 72328, AR: less expensive homes
- 72322, AR: less expensive homes
- 71666, AR: less expensive homes
- 69354, NE: less expensive homes
- 69331, NE: less expensive homes
- 69220, NE: less expensive homes
- 69036, NE: less expensive homes
- 68946, NE: less expensive homes
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