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These days, finding an affordable place to live in the 47515 area can be challenging. Home prices in 47515 are now at a median cost of $193,986, lower than the Indiana average of $232,932.
The average cost of rent is $591/mo in 47515, primarily driven by the current value of real estate in the 47515 area. In 47515, 11.19% of households rent, and 48.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47515 is $5,623 per month. Households that rent pay about 10.52% of their income on rent here. 47515’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern 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
- 47514, IN: higher priced homes
- 47576, IN: higher priced homes
- 47577, IN: higher priced homes
- 47536, IN: higher priced homes
- 47551, IN: equally priced homes
- 47532, IN: higher priced homes
- 47174, IN: less expensive homes
- 47588, IN: equally priced homes
- 47531, IN: equally priced homes
- 47525, IN: less expensive homes
Zip Codes with Similar Populations
- 39755, MS: less expensive homes
- 96044, CA: equally priced homes
- 49276, MI: higher priced homes
- 47832, IN: less expensive homes
- 96764, HI: higher priced homes
- 97346, OR: higher priced homes
- 41645, KY: less expensive homes
- 40157, KY: higher priced homes
- 40140, KY: less expensive homes
- 95651, CA: higher priced homes
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