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These days, finding an affordable place to live in the 47542 area can be challenging. Home prices in 47542 are now at a median cost of $187,781, lower than the Indiana average of $232,932.
The average cost of rent is $909/mo in 47542, primarily driven by the current value of real estate in the 47542 area. In 47542, 25.42% of households rent, and 36.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47542 is $6,444 per month. Households that rent pay about 14.10% of their income on rent here. 47542’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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
- 47541, IN: less expensive homes
- 47532, IN: higher priced homes
- 47575, IN: higher priced homes
- 47590, IN: higher priced homes
- 47523, IN: less expensive homes
- 47585, IN: higher priced homes
- 47580, IN: higher priced homes
- 47577, IN: higher priced homes
- 47552, IN: higher priced homes
- 47579, IN: higher priced homes
Zip Codes with Similar Populations
- 70512, LA: higher priced homes
- 24521, VA: higher priced homes
- 25312, WV: less expensive homes
- 27509, NC: higher priced homes
- 28103, NC: higher priced homes
- 28425, NC: higher priced homes
- 28513, NC: less expensive homes
- 28610, NC: higher priced homes
- 28778, NC: higher priced homes
- 29067, SC: less expensive homes
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