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These days, finding an affordable place to live in the 47424 area can be challenging. Home prices in 47424 are now at a median cost of $182,405, lower than the Indiana average of $232,932.
The average cost of rent is $883/mo in 47424, primarily driven by the current value of real estate in the 47424 area. In 47424, 23.48% of households rent, and 46.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47424 is $6,367 per month. Households that rent pay about 13.87% of their income on rent here. 47424’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western 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
- 47457, IN: higher priced homes
- 47449, IN: equally priced homes
- 47471, IN: less expensive homes
- 47453, IN: higher priced homes
- 47459, IN: higher priced homes
- 47465, IN: less expensive homes
- 47443, IN: less expensive homes
- 47462, IN: higher priced homes
- 47441, IN: less expensive homes
- 47403, IN: higher priced homes
Zip Codes with Similar Populations
- 11559, NY: higher priced homes
- 06339, CT: higher priced homes
- 06379, CT: higher priced homes
- 06607, CT: higher priced homes
- 06896, CT: higher priced homes
- 07716, NJ: higher priced homes
- 24251, VA: less expensive homes
- 50644, IA: equally priced homes
- 47882, IN: less expensive homes
- 48915, MI: less expensive homes
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