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These days, finding an affordable place to live in the 47550 area can be challenging. Home prices in 47550 are now at a median cost of $213,161, lower than the Indiana average of $232,932.
The average cost of rent is $886/mo in 47550, primarily driven by the current value of real estate in the 47550 area. In 47550, 4.14% of households rent, and 36.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47550 is $8,035 per month. Households that rent pay about 11.03% of their income on rent here. 47550’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern 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
- 47579, IN: higher priced homes
- 47531, IN: equally priced homes
- 47552, IN: higher priced homes
- 47536, IN: higher priced homes
- 47611, IN: less expensive homes
- 47537, IN: less expensive homes
- 47615, IN: less expensive homes
- 47588, IN: equally priced homes
- 47523, IN: less expensive homes
- 47577, IN: higher priced homes
Zip Codes with Similar Populations
- 84521, UT: less expensive homes
- 23050, VA: higher priced homes
- 23055, VA: less expensive homes
- 23357, VA: less expensive homes
- 25075, WV: less expensive homes
- 25638, WV: less expensive homes
- 26320, WV: less expensive homes
- 27866, NC: less expensive homes
- 27885, NC: less expensive homes
- 30821, GA: less expensive homes
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