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These days, finding an affordable place to live in the 47451 area can be challenging. Home prices in 47451 are now at a median cost of $161,149, lower than the Indiana average of $232,932.
The average cost of rent is $750/mo in 47451, primarily driven by the current value of real estate in the 47451 area. In 47451, 31.54% of households rent, and 53.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47451 is $5,578 per month. Households that rent pay about 13.45% of their income on rent here. 47451’s most expensive areas are in the northwestern 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
- 47420, IN: higher priced homes
- 47421, IN: higher priced homes
- 47462, IN: higher priced homes
- 47470, IN: higher priced homes
- 47436, IN: higher priced homes
- 47446, IN: equally priced homes
- 47453, IN: higher priced homes
- 47467, IN: less expensive homes
- 47437, IN: equally priced homes
- 47264, IN: higher priced homes
Zip Codes with Similar Populations
- 04488, ME: higher priced homes
- 04556, ME: higher priced homes
- 05038, VT: higher priced homes
- 14037, NY: higher priced homes
- 50139, IA: equally priced homes
- 68349, NE: higher priced homes
- 66035, KS: less expensive homes
- 65710, MO: higher priced homes
- 64448, MO: higher priced homes
- 61847, IL: equally priced homes
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