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These days, finding an affordable place to live in the 47601 area can be challenging. Home prices in 47601 are now at a median cost of $197,871, lower than the Indiana average of $232,932.
The average cost of rent is $854/mo in 47601, primarily driven by the current value of real estate in the 47601 area. In 47601, 17.96% of households rent, and 40.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47601 is $7,000 per month. Households that rent pay about 12.20% of their income on rent here. 47601’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central 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
- 47610, IN: equally priced homes
- 47630, IN: higher priced homes
- 47637, IN: equally priced homes
- 47634, IN: equally priced homes
- 47611, IN: less expensive homes
- 47613, IN: equally priced homes
- 47715, IN: equally priced homes
- 47537, IN: equally priced homes
- 47725, IN: higher priced homes
- 47711, IN: less expensive homes
Zip Codes with Similar Populations
- 78557, TX: less expensive homes
- 34288, FL: higher priced homes
- 74467, OK: less expensive homes
- 31632, GA: higher priced homes
- 31501, GA: less expensive homes
- 00717, PR: less expensive homes
- 29907, SC: higher priced homes
- 28206, NC: higher priced homes
- 39272, MS: equally priced homes
- 27522, NC: higher priced homes
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