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These days, finding an affordable place to live in the 47611 area can be challenging. Home prices in 47611 are now at a median cost of $120,547, lower than the Indiana average of $175,617.
The average cost of rent is $541/mo in 47611, primarily driven by the current value of real estate in the 47611 area. While nearly 47.96% of residents own their homes outright in 47611, 19.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47611 is $4,367 per month. Households that rent pay about 12.38% of their income on rent here. 47611's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 47537, IN: higher priced homes
- 47615, IN: higher priced homes
- 47550, IN: higher priced homes
- 47552, IN: higher priced homes
- 47637, IN: higher priced homes
- 47579, IN: higher priced homes
- 47634, IN: equally priced homes
- 47523, IN: equally priced homes
- 47531, IN: higher priced homes
- 42351, KY: equally priced homes
Zip Codes with Similar Populations
- 39862, GA: less expensive homes
- 54556, WI: equally priced homes
- 52572, IA: equally priced homes
- 49322, MI: higher priced homes
- 47837, IN: higher priced homes
- 47386, IN: higher priced homes
- 47357, IN: equally priced homes
- 01254, MA: higher priced homes
- 45711, OH: equally priced homes
- 45326, OH: higher priced homes
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