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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 $172,565, lower than the Indiana average of $175,617.
The average cost of rent is $740/mo in 47620, primarily driven by the current value of real estate in the 47620 area. While nearly 35.98% of residents own their homes outright in 47620, 24.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47620 is $6,886 per month. Households that rent pay about 10.75% of their income on rent here. 47620's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 47638, IN: higher priced homes
- 62861, IL: less expensive homes
- 47712, IN: equally priced 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: equally priced homes
- 76450, TX: equally priced homes
- 75935, TX: less expensive homes
- 70525, LA: less expensive homes
- 64154, MO: higher priced homes
- 59401, MT: equally priced homes
- 44260, OH: equally priced homes
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