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These days, finding an affordable place to live in the 47588 area can be challenging. Home prices in 47588 are now at a median cost of $202,508, lower than the Indiana average of $232,932.
The average cost of rent is $846/mo in 47588, primarily driven by the current value of real estate in the 47588 area. In 47588, 10.68% of households rent, and 31.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47588 is $6,861 per month. Households that rent pay about 12.33% of their income on rent here. 47588’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern 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
- 47531, IN: equally priced homes
- 47586, IN: less expensive homes
- 47536, IN: higher priced homes
- 47550, IN: equally priced homes
- 47520, IN: less expensive homes
- 42351, KY: less expensive homes
- 47579, IN: higher priced homes
- 47577, IN: higher priced homes
- 47615, IN: less expensive homes
- 47515, IN: equally priced homes
Zip Codes with Similar Populations
- 99568, AK: higher priced homes
- 14777, NY: less expensive homes
- 13863, NY: less expensive homes
- 99179, WA: higher priced homes
- 04783, ME: equally priced homes
- 67732, KS: less expensive homes
- 64459, MO: higher priced homes
- 64688, MO: less expensive homes
- 64722, MO: higher priced homes
- 65077, MO: less expensive homes
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