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These days, finding an affordable place to live in the 47640 area can be challenging. Home prices in 47640 are now at a median cost of $154,349, lower than the Indiana average of $232,932.
The average cost of rent is $809/mo in 47640, primarily driven by the current value of real estate in the 47640 area. In 47640, 2.54% of households rent, and 55.73% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47640 is $6,249 per month. Households that rent pay about 12.94% of their income on rent here. 47640’s most expensive areas are in the southwestern 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
- 47524, IN: higher priced homes
- 47666, IN: higher priced homes
- 47670, IN: equally priced homes
- 47649, IN: higher priced homes
- 47567, IN: higher priced homes
- 47557, IN: equally priced homes
- 62460, IL: less expensive homes
- 62410, IL: less expensive homes
- 47660, IN: equally priced homes
- 62863, IL: less expensive homes
Zip Codes with Similar Populations
- 81430, CO: higher priced homes
- 29899, SC: less expensive homes
- 30426, GA: less expensive homes
- 31756, GA: less expensive homes
- 36921, AL: less expensive homes
- 37366, TN: higher priced homes
- 37369, TN: equally priced homes
- 38076, TN: higher priced homes
- 38238, TN: equally priced homes
- 38486, TN: higher priced homes
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