Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the 47616 area can be challenging. Home prices in 47616 are now at a median cost of $116,508, lower than the Indiana average of $175,617.
The average cost of rent is $518/mo in 47616, primarily driven by the current value of real estate in the 47616 area. While nearly 38.01% of residents own their homes outright in 47616, 15.63% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47616 is $3,177 per month. Households that rent pay about 16.31% of their income on rent here. 47616's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 62844, IL: less expensive homes
- 47631, IN: higher priced homes
- 47633, IN: higher priced homes
- 62827, IL: less expensive homes
- 62852, IL: less expensive homes
- 47612, IN: less expensive homes
- 47665, IN: higher priced homes
- 62818, IL: less expensive homes
- 62811, IL: less expensive homes
- 62806, IL: less expensive homes
Zip Codes with Similar Populations
- 72860, AR: equally priced homes
- 68304, NE: higher priced homes
- 68622, NE: less expensive homes
- 69211, NE: higher priced homes
- 71724, AR: less expensive homes
- 71972, AR: less expensive homes
- 72123, AR: less expensive homes
- 72152, AR: less expensive homes
- 72462, AR: less expensive homes
- 72752, AR: less expensive homes
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