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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 $142,278, lower than the Indiana average of $175,617.
The average cost of rent is $722/mo in 47542, primarily driven by the current value of real estate in the 47542 area. While nearly 44.23% of residents own their homes outright in 47542, 23.27% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47542 is $4,821 per month. Households that rent pay about 14.97% of their income on rent here. 47542's most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 47541, IN: less expensive homes
- 47532, IN: higher priced homes
- 47575, IN: higher priced homes
- 47590, IN: equally priced homes
- 47523, IN: less expensive homes
- 47585, IN: equally 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: equally priced homes
- 24521, VA: higher priced homes
- 25312, WV: less expensive homes
- 27509, NC: equally priced homes
- 28103, NC: higher priced homes
- 28425, NC: higher priced homes
- 28513, NC: less expensive homes
- 28610, NC: equally priced homes
- 28778, NC: higher priced homes
- 29067, SC: less expensive homes
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