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These days, finding an affordable place to live in the 47431 area can be challenging. Home prices in 47431 are now at a median cost of $191,536, lower than the Indiana average of $232,932.
The average cost of rent is $747/mo in 47431, primarily driven by the current value of real estate in the 47431 area. In 47431, 18.88% of households rent, and 45.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47431 is $5,246 per month. Households that rent pay about 14.24% of their income on rent here. 47431’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern 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
- 47455, IN: less expensive homes
- 47427, IN: less expensive homes
- 47460, IN: equally priced homes
- 47471, IN: less expensive homes
- 47833, IN: less expensive homes
- 47459, IN: higher priced homes
- 47841, IN: less expensive homes
- 47464, IN: higher priced homes
- 47429, IN: higher priced homes
- 47433, IN: equally priced homes
Zip Codes with Similar Populations
- 04421, ME: higher priced homes
- 04740, ME: less expensive homes
- 04969, ME: equally priced homes
- 05734, VT: higher priced homes
- 06282, CT: higher priced homes
- 06778, CT: higher priced homes
- 10505, NY: higher priced homes
- 13477, NY: less expensive homes
- 13801, NY: less expensive homes
- 14731, NY: higher priced homes
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