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These days, finding an affordable place to live in the 47557 area can be challenging. Home prices in 47557 are now at a median cost of $157,592, lower than the Indiana average of $232,932.
The average cost of rent is $861/mo in 47557, primarily driven by the current value of real estate in the 47557 area. In 47557, 20.77% of households rent, and 50.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47557 is $6,213 per month. Households that rent pay about 13.86% of their income on rent here. 47557’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern 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
- 47597, IN: less expensive homes
- 47567, IN: equally priced homes
- 47591, IN: equally priced homes
- 47501, IN: equally priced homes
- 47524, IN: higher priced homes
- 47640, IN: equally priced homes
- 47564, IN: higher priced homes
- 62460, IL: less expensive homes
- 47666, IN: higher priced homes
- 47558, IN: higher priced homes
Zip Codes with Similar Populations
- 47345, IN: equally priced homes
- 52768, IA: higher priced homes
- 52640, IA: less expensive homes
- 52161, IA: higher priced homes
- 52141, IA: equally priced homes
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- 50543, IA: less expensive homes
- 50056, IA: higher priced homes
- 49724, MI: higher priced homes
- 49459, MI: less expensive homes
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