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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 $161,364, lower than the Indiana average of $175,617.
The average cost of rent is $790/mo in 47648, primarily driven by the current value of real estate in the 47648 area. While nearly 42.56% of residents own their homes outright in 47648, 21.87% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47648 is $5,669 per month. Households that rent pay about 13.93% of their income on rent here. 47648's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the zip.
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: equally priced 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: equally priced homes
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