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These days, finding an affordable place to live in the 47805 area can be challenging. Home prices in 47805 are now at a median cost of $181,303, lower than the Indiana average of $232,932.
The average cost of rent is $895/mo in 47805, primarily driven by the current value of real estate in the 47805 area. In 47805, 17.80% of households rent, and 43.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47805 is $5,795 per month. Households that rent pay about 15.44% of their income on rent here. 47805’s most expensive areas are in the southeastern 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
- 47804, IN: less expensive homes
- 47803, IN: equally priced homes
- 47807, IN: less expensive homes
- 47880, IN: higher priced homes
- 47851, IN: equally priced homes
- 47809, IN: less expensive homes
- 47876, IN: less expensive homes
- 47874, IN: less expensive homes
- 47863, IN: less expensive homes
- 47885, IN: less expensive homes
Zip Codes with Similar Populations
- 07436, NJ: higher priced homes
- 13209, NY: equally priced homes
- 53534, WI: higher priced homes
- 66112, KS: higher priced homes
- 66103, KS: equally priced homes
- 65809, MO: higher priced homes
- 64124, MO: less expensive homes
- 63134, MO: less expensive homes
- 59501, MT: higher priced homes
- 57005, SD: higher priced homes
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