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These days, finding an affordable place to live in the 47551 area can be challenging. Home prices in 47551 are now at a median cost of $154,128, lower than the Indiana average of $175,617.
The average cost of rent is $758/mo in 47551, primarily driven by the current value of real estate in the 47551 area. While nearly 42.23% of residents own their homes outright in 47551, 1.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47551 is $6,474 per month. Households that rent pay about 11.71% of their income on rent here. 47551's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 47514, IN: equally priced homes
- 47576, IN: less expensive homes
- 47525, IN: equally priced homes
- 47515, IN: less expensive homes
- 47174, IN: less expensive homes
- 47137, IN: less expensive homes
- 40161, KY: equally priced homes
- 40157, KY: equally priced homes
- 40104, KY: less expensive homes
- 47123, IN: less expensive homes
Zip Codes with Similar Populations
- 56667, MN: higher priced homes
- 73938, OK: less expensive homes
- 73840, OK: less expensive homes
- 73627, OK: less expensive homes
- 73560, OK: less expensive homes
- 72527, AR: less expensive homes
- 72413, AR: less expensive homes
- 69346, NE: less expensive homes
- 58655, ND: higher priced homes
- 58653, ND: less expensive homes
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