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These days, finding an affordable place to live in the 47541 area can be challenging. Home prices in 47541 are now at a median cost of $149,244, lower than the Indiana average of $232,932.
The average cost of rent is $781/mo in 47541, primarily driven by the current value of real estate in the 47541 area. In 47541, 16.93% of households rent, and 35.89% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47541 is $6,584 per month. Households that rent pay about 11.86% of their income on rent here. 47541’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 47523, IN: equally priced homes
- 47585, IN: higher priced homes
- 47542, IN: higher priced homes
- 47552, IN: higher priced homes
- 47590, IN: higher priced homes
- 47532, IN: higher priced homes
- 47537, IN: higher priced homes
- 47637, IN: higher priced homes
- 47579, IN: higher priced homes
- 47584, IN: less expensive homes
Zip Codes with Similar Populations
- 52201, IA: higher priced homes
- 17855, PA: higher priced homes
- 18354, PA: higher priced homes
- 18415, PA: higher priced homes
- 18438, PA: higher priced homes
- 18631, PA: higher priced homes
- 18824, PA: higher priced homes
- 19374, PA: higher priced homes
- 21733, MD: higher priced homes
- 21912, MD: higher priced homes
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