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These days, finding an affordable place to live in the 47620 area can be challenging. Home prices in 47620 are now at a median cost of $212,999, lower than the Indiana average of $232,932.
The average cost of rent is $818/mo in 47620, primarily driven by the current value of real estate in the 47620 area. In 47620, 23.12% of households rent, and 39.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47620 is $7,088 per month. Households that rent pay about 11.54% of their income on rent here. 47620’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern 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
- 47638, IN: higher priced homes
- 62861, IL: less expensive homes
- 47712, IN: less expensive homes
- 47720, IN: equally priced homes
- 62867, IL: less expensive homes
- 47708, IN: higher priced homes
- 47710, IN: less expensive homes
- 47713, IN: less expensive homes
- 47711, IN: less expensive homes
- 42420, KY: less expensive homes
Zip Codes with Similar Populations
- 08009, NJ: higher priced homes
- 40217, KY: equally priced homes
- 77484, TX: higher priced homes
- 76550, TX: higher priced homes
- 76450, TX: less expensive homes
- 75935, TX: less expensive homes
- 70525, LA: less expensive homes
- 64154, MO: higher priced homes
- 59401, MT: higher priced homes
- 44260, OH: equally priced homes
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