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These days, finding an affordable place to live in the 47501 area can be challenging. Home prices in 47501 are now at a median cost of $171,433, lower than the Indiana average of $232,932.
The average cost of rent is $804/mo in 47501, primarily driven by the current value of real estate in the 47501 area. In 47501, 34.56% of households rent, and 42.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47501 is $5,798 per month. Households that rent pay about 13.87% of their income on rent here. 47501’s most expensive areas are in the southwestern 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
- 47558, IN: higher priced homes
- 47597, IN: less expensive homes
- 47519, IN: higher priced homes
- 47568, IN: less expensive homes
- 47557, IN: equally priced homes
- 47573, IN: less expensive homes
- 47512, IN: less expensive homes
- 47553, IN: higher priced homes
- 47516, IN: equally priced homes
- 47591, IN: equally priced homes
Zip Codes with Similar Populations
- 01301, MA: higher priced homes
- 48374, MI: higher priced homes
- 49319, MI: higher priced homes
- 27592, NC: higher priced homes
- 22151, VA: higher priced homes
- 80007, CO: higher priced homes
- 20132, VA: higher priced homes
- 19804, DE: higher priced homes
- 80487, CO: higher priced homes
- 19123, PA: higher priced homes
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