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These days, finding an affordable place to live in the 47561 area can be challenging. Home prices in 47561 are now at a median cost of $99,744, lower than the Indiana average of $175,617.
The average cost of rent is $570/mo in 47561, primarily driven by the current value of real estate in the 47561 area. While nearly 48.20% of residents own their homes outright in 47561, 23.58% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47561 is $3,672 per month. Households that rent pay about 15.52% of their income on rent here. 47561's most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 47535, IN: less expensive homes
- 47516, IN: higher priced homes
- 47838, IN: less expensive homes
- 47512, IN: less expensive homes
- 47528, IN: less expensive homes
- 47573, IN: higher priced homes
- 47596, IN: less expensive homes
- 47578, IN: equally priced homes
- 62427, IL: higher priced homes
- 62451, IL: less expensive homes
Zip Codes with Similar Populations
- 60948, IL: higher priced homes
- 73768, OK: equally priced homes
- 73459, OK: higher priced homes
- 73014, OK: higher priced homes
- 71438, LA: higher priced homes
- 71061, LA: equally priced homes
- 67870, KS: higher priced homes
- 64763, MO: higher priced homes
- 63462, MO: higher priced homes
- 63448, MO: equally priced homes
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