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Affordable
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These days, finding an affordable place to live in the 47809 area can be challenging. Home prices in 47809 are now at a median cost of $148,500, lower than the Indiana average of $232,932.
The average cost of rent is $999/mo in 47809, primarily driven by the current value of real estate in the 47809 area. In 47809, 98.38% of households rent, and 38.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47809 is $1,435 per month. Households that rent pay about 69.64% of their income on rent here. 47809’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 47803, IN: higher priced homes
- 47885, IN: equally priced homes
- 47876, IN: equally priced homes
- 47802, IN: higher priced homes
- 47805, IN: higher priced homes
- 47863, IN: less expensive homes
- 47871, IN: higher priced homes
- 62423, IL: higher priced homes
Zip Codes with Similar Populations
- 01611, MA: higher priced homes
- 99576, AK: higher priced homes
- 98241, WA: higher priced homes
- 97435, OR: higher priced homes
- 96705, HI: higher priced homes
- 93667, CA: higher priced homes
- 93532, CA: higher priced homes
- 92285, CA: higher priced homes
- 82331, WY: higher priced homes
- 78579, TX: higher priced homes
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