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These days, finding an affordable place to live in the 47803 area can be challenging. Home prices in 47803 are now at a median cost of $185,064, lower than the Indiana average of $232,932.
The average cost of rent is $971/mo in 47803, primarily driven by the current value of real estate in the 47803 area. In 47803, 29.53% of households rent, and 33.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47803 is $5,554 per month. Households that rent pay about 17.48% of their income on rent here. 47803’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern 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
- 47807, IN: less expensive homes
- 47804, IN: less expensive homes
- 47809, IN: less expensive homes
- 47805, IN: equally priced homes
- 47802, IN: equally priced homes
- 47871, IN: higher priced homes
- 47876, IN: less expensive homes
- 47885, IN: less expensive homes
- 47881, IN: less expensive homes
- 47851, IN: equally priced homes
Zip Codes with Similar Populations
- 98407, WA: higher priced homes
- 02910, RI: higher priced homes
- 84103, UT: higher priced homes
- 90404, CA: higher priced homes
- 94503, CA: higher priced homes
- 94579, CA: higher priced homes
- 32080, FL: higher priced homes
- 96130, CA: higher priced homes
- 97801, OR: higher priced homes
- 98053, WA: higher priced homes
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