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These days, finding an affordable place to live in the 47638 area can be challenging. Home prices in 47638 are now at a median cost of $264,952, higher than the Indiana average of $232,932.
The average cost of rent is $813/mo in 47638, primarily driven by the current value of real estate in the 47638 area. In 47638, 12.79% of households rent, and 35.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47638 is $8,463 per month. Households that rent pay about 9.60% of their income on rent here. 47638’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern 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: less expensive homes
- 47720, IN: less expensive homes
- 47612, IN: less expensive homes
- 47631, IN: less expensive homes
- 47712, IN: less expensive homes
- 47620, IN: less expensive homes
- 47710, IN: less expensive homes
- 47708, IN: equally priced homes
- 47711, IN: less expensive homes
- 47639, IN: equally priced homes
Zip Codes with Similar Populations
- 04862, ME: equally priced homes
- 08802, NJ: higher priced homes
- 72833, AR: less expensive homes
- 72635, AR: less expensive homes
- 15940, PA: less expensive homes
- 70549, LA: less expensive homes
- 16875, PA: equally priced homes
- 06231, CT: higher priced homes
- 68064, NE: higher priced homes
- 05445, VT: higher priced homes
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