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These days, finding an affordable place to live in the 47531 area can be challenging. Home prices in 47531 are now at a median cost of $160,397, lower than the Indiana average of $175,617.
The average cost of rent is $764/mo in 47531, primarily driven by the current value of real estate in the 47531 area. While nearly 46.48% of residents own their homes outright in 47531, 6.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47531 is $6,664 per month. Households that rent pay about 11.46% of their income on rent here. 47531's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 47588, IN: less expensive homes
- 47550, IN: equally priced homes
- 47536, IN: higher priced homes
- 47579, IN: higher priced homes
- 47586, IN: less expensive homes
- 47577, IN: equally priced homes
- 47615, IN: less expensive homes
- 42351, KY: less expensive homes
- 47552, IN: higher priced homes
- 47611, IN: less expensive homes
Zip Codes with Similar Populations
- 01255, MA: higher priced homes
- 99743, AK: higher priced homes
- 98603, WA: higher priced homes
- 98361, WA: higher priced homes
- 97536, OR: higher priced homes
- 94586, CA: higher priced homes
- 90071, CA: higher priced homes
- 87553, NM: equally priced homes
- 75489, TX: equally priced homes
- 73447, OK: less expensive homes
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