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These days, finding an affordable place to live in the 47438 area can be challenging. Home prices in 47438 are now at a median cost of $112,218, lower than the Indiana average of $232,932.
The average cost of rent is $803/mo in 47438, primarily driven by the current value of real estate in the 47438 area. In 47438, 23.48% of households rent, and 55.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47438 is $5,045 per month. Households that rent pay about 15.91% of their income on rent here. 47438’s most expensive areas are in the southeastern 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
- 47845, IN: higher priced homes
- 47855, IN: less expensive homes
- 47858, IN: higher priced homes
- 47848, IN: higher priced homes
- 47441, IN: higher priced homes
- 47841, IN: higher priced homes
- 47879, IN: less expensive homes
- 47866, IN: higher priced homes
- 47465, IN: higher priced homes
- 47471, IN: higher priced homes
Zip Codes with Similar Populations
- 81252, CO: higher priced homes
- 78071, TX: higher priced homes
- 21830, MD: higher priced homes
- 20764, MD: higher priced homes
- 19373, PA: higher priced homes
- 18336, PA: higher priced homes
- 18232, PA: less expensive homes
- 80807, CO: higher priced homes
- 17824, PA: higher priced homes
- 17563, PA: higher priced homes
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