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These days, finding an affordable place to live in the 47427 area can be challenging. Home prices in 47427 are now at a median cost of $128,929, lower than the Indiana average of $232,932.
The average cost of rent is $694/mo in 47427, primarily driven by the current value of real estate in the 47427 area. In 47427, 6.25% of households rent, and 47.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47427 is $5,754 per month. Households that rent pay about 12.07% of their income on rent here. 47427’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern 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
- 47841, IN: higher priced homes
- 47455, IN: equally priced homes
- 47431, IN: higher priced homes
- 47833, IN: higher priced homes
- 47471, IN: equally priced homes
- 47438, IN: less expensive homes
- 47858, IN: higher priced homes
- 47845, IN: higher priced homes
- 47846, IN: equally priced homes
- 47460, IN: higher priced homes
Zip Codes with Similar Populations
- 83325, ID: higher priced homes
- 23964, VA: equally priced homes
- 24437, VA: higher priced homes
- 25512, WV: less expensive homes
- 25843, WV: equally priced homes
- 31050, GA: higher priced homes
- 41837, KY: less expensive homes
- 55919, MN: higher priced homes
- 80705, CO: higher priced homes
- 82005, WY: higher priced homes
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