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These days, finding an affordable place to live in the 47720 area can be challenging. Home prices in 47720 are now at a median cost of $165,517, lower than the Indiana average of $175,617.
The average cost of rent is $938/mo in 47720, primarily driven by the current value of real estate in the 47720 area. While nearly 44.70% of residents own their homes outright in 47720, 14.03% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47720 is $5,802 per month. Households that rent pay about 16.16% of their income on rent here. 47720's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 47710, IN: less expensive homes
- 47712, IN: equally priced homes
- 47708, IN: higher priced homes
- 47711, IN: less expensive homes
- 47713, IN: less expensive homes
- 47725, IN: higher priced homes
- 47714, IN: less expensive homes
- 47638, IN: higher priced homes
- 47715, IN: equally priced homes
- 47612, IN: less expensive homes
Zip Codes with Similar Populations
- 22546, VA: higher priced homes
- 77098, TX: higher priced homes
- 80305, CO: higher priced homes
- 90245, CA: higher priced homes
- 29302, SC: higher priced homes
- 27408, NC: higher priced homes
- 27317, NC: less expensive homes
- 19707, DE: higher priced homes
- 18013, PA: higher priced homes
- 17745, PA: less expensive homes
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