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These days, finding an affordable place to live in the 47585 area can be challenging. Home prices in 47585 are now at a median cost of $219,903, lower than the Indiana average of $232,932.
The average cost of rent is $675/mo in 47585, primarily driven by the current value of real estate in the 47585 area. In 47585, 8.37% of households rent, and 61.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47585 is $7,316 per month. Households that rent pay about 9.23% of their income on rent here. 47585’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern 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
- 47541, IN: less expensive homes
- 47584, IN: less expensive homes
- 47590, IN: equally priced homes
- 47598, IN: less expensive homes
- 47619, IN: less expensive homes
- 47542, IN: less expensive homes
- 47523, IN: less expensive homes
- 47637, IN: less expensive homes
- 47660, IN: less expensive homes
- 47537, IN: less expensive homes
Zip Codes with Similar Populations
- 72333, AR: less expensive homes
- 50654, IA: equally priced homes
- 51014, IA: less expensive homes
- 51062, IA: higher priced homes
- 51230, IA: higher priced homes
- 52170, IA: higher priced homes
- 56245, MN: equally priced homes
- 57476, SD: equally priced homes
- 68439, NE: less expensive homes
- 68722, NE: less expensive homes
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