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These days, finding an affordable place to live in the 47581 area can be challenging. Home prices in 47581 are now at a median cost of $149,742, lower than the Indiana average of $232,932.
The average cost of rent is $550/mo in 47581, primarily driven by the current value of real estate in the 47581 area. In 47581, 17.17% of households rent, and 52.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47581 is $6,407 per month. Households that rent pay about 8.58% of their income on rent here. 47581’s most expensive areas are in the southeastern 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
- 47437, IN: equally priced homes
- 47553, IN: higher priced homes
- 47469, IN: higher priced homes
- 47519, IN: higher priced homes
- 47432, IN: less expensive homes
- 47558, IN: higher priced homes
- 47446, IN: equally priced homes
- 47452, IN: higher priced homes
- 47454, IN: higher priced homes
- 47568, IN: equally priced homes
Zip Codes with Similar Populations
- 54124, WI: equally priced homes
- 06853, CT: higher priced homes
- 15531, PA: equally priced homes
- 54107, WI: higher priced homes
- 47305, IN: less expensive homes
- 27544, NC: higher priced homes
- 61019, IL: higher priced homes
- 30079, GA: higher priced homes
- 62016, IL: less expensive homes
- 38917, MS: less expensive homes
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