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These days, finding an affordable place to live in the 47612 area can be challenging. Home prices in 47612 are now at a median cost of $146,215, lower than the Indiana average of $232,932.
The average cost of rent is $790/mo in 47612, primarily driven by the current value of real estate in the 47612 area. In 47612, 11.17% of households rent, and 39.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47612 is $5,834 per month. Households that rent pay about 13.53% of their income on rent here. 47612’s most expensive areas are in the northeastern 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
- 47633, IN: equally priced homes
- 47665, IN: higher priced homes
- 47639, IN: higher priced homes
- 47638, IN: higher priced homes
- 47648, IN: higher priced homes
- 47616, IN: less expensive homes
- 47720, IN: higher priced homes
- 47631, IN: higher priced homes
- 47725, IN: higher priced homes
- 47710, IN: equally priced homes
Zip Codes with Similar Populations
- 83314, ID: higher priced homes
- 23968, VA: higher priced homes
- 26039, WV: higher priced homes
- 28781, NC: higher priced homes
- 42782, KY: less expensive homes
- 43153, OH: higher priced homes
- 43782, OH: less expensive homes
- 47280, IN: higher priced homes
- 81020, CO: less expensive homes
- 83114, WY: higher priced homes
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