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These days, finding an affordable place to live in the 47648 area can be challenging. Home prices in 47648 are now at a median cost of $245,156, higher than the Indiana average of $232,932.
The average cost of rent is $1,011/mo in 47648, primarily driven by the current value of real estate in the 47648 area. In 47648, 26.19% of households rent, and 41.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47648 is $7,591 per month. Households that rent pay about 13.32% of their income on rent here. 47648’s most expensive areas are in the southwestern 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
- 47639, IN: higher priced homes
- 47670, IN: less expensive homes
- 47665, IN: less expensive homes
- 47612, IN: less expensive homes
- 47613, IN: less expensive homes
- 47649, IN: less expensive homes
- 47654, IN: less expensive homes
- 47683, IN: less expensive homes
- 47660, IN: less expensive homes
- 47633, IN: less expensive homes
Zip Codes with Similar Populations
- 79036, TX: less expensive homes
- 12148, NY: higher priced homes
- 13830, NY: less expensive homes
- 14572, NY: less expensive homes
- 14750, NY: less expensive homes
- 15033, PA: less expensive homes
- 15135, PA: less expensive homes
- 16037, PA: higher priced homes
- 17501, PA: higher priced homes
- 17814, PA: less expensive homes
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