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These days, finding an affordable place to live in the 47514 area can be challenging. Home prices in 47514 are now at a median cost of $262,869, higher than the Indiana average of $232,932.
The average cost of rent is $634/mo in 47514, primarily driven by the current value of real estate in the 47514 area. In 47514, 8.49% of households rent, and 40.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47514 is $9,368 per month. Households that rent pay about 6.77% of their income on rent here. 47514’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern 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
- 47576, IN: less expensive homes
- 47551, IN: less expensive homes
- 47515, IN: less expensive homes
- 47174, IN: less expensive homes
- 47525, IN: less expensive homes
- 47123, IN: less expensive homes
- 47577, IN: equally priced homes
- 47137, IN: less expensive homes
- 47536, IN: equally priced homes
- 47588, IN: less expensive homes
Zip Codes with Similar Populations
- 78055, TX: higher priced homes
- 36005, AL: less expensive homes
- 45735, OH: less expensive homes
- 46776, IN: less expensive homes
- 47619, IN: less expensive homes
- 47990, IN: less expensive homes
- 48731, MI: less expensive homes
- 49689, MI: less expensive homes
- 54424, WI: less expensive homes
- 61006, IL: less expensive homes
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