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These days, finding an affordable place to live in the 47831 area can be challenging. Home prices in 47831 are now at a median cost of $64,114, lower than the Indiana average of $175,617.
The average cost of rent is $666/mo in 47831, primarily driven by the current value of real estate in the 47831 area. While nearly 48.23% of residents own their homes outright in 47831, 9.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47831 is $4,964 per month. Households that rent pay about 13.42% of their income on rent here. 47831's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 47884, IN: higher priced homes
- 47842, IN: higher priced homes
- 61955, IL: higher priced homes
- 47863, IN: higher priced homes
- 47880, IN: higher priced homes
- 61944, IL: higher priced homes
- 47854, IN: higher priced homes
- 47860, IN: equally priced homes
- 61924, IL: higher priced homes
- 47876, IN: higher priced homes
Zip Codes with Similar Populations
- 42163, KY: higher priced homes
- 34445, FL: higher priced homes
- 35074, AL: higher priced homes
- 36512, AL: higher priced homes
- 36913, AL: less expensive homes
- 37732, TN: higher priced homes
- 37851, TN: higher priced homes
- 39115, MS: less expensive homes
- 39173, MS: higher priced homes
- 42084, KY: higher priced homes
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