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These days, finding an affordable place to live in the 47807 area can be challenging. Home prices in 47807 are now at a median cost of $66,699, lower than the Indiana average of $175,617.
The average cost of rent is $790/mo in 47807, primarily driven by the current value of real estate in the 47807 area. While nearly 52.67% of residents own their homes outright in 47807, 68.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47807 is $2,069 per month. Households that rent pay about 38.19% of their income on rent here. 47807's most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 47809, IN: higher priced homes
- 47804, IN: higher priced homes
- 47803, IN: higher priced homes
- 47885, IN: higher priced homes
- 47876, IN: higher priced homes
- 47802, IN: higher priced homes
- 47805, IN: higher priced homes
- 47871, IN: higher priced homes
- 47863, IN: higher priced homes
- 62423, IL: higher priced homes
Zip Codes with Similar Populations
- 07452, NJ: higher priced homes
- 07604, NJ: higher priced homes
- 11755, NY: higher priced homes
- 12095, NY: higher priced homes
- 18055, PA: higher priced homes
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- 15066, PA: higher priced homes
- 16137, PA: higher priced homes
- 72543, AR: higher priced homes
- 64075, MO: higher priced homes
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