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These days, finding an affordable place to live in the 47838 area can be challenging. Home prices in 47838 are now at a median cost of $121,127, lower than the Indiana average of $232,932.
The average cost of rent is $702/mo in 47838, primarily driven by the current value of real estate in the 47838 area. In 47838, 14.50% of households rent, and 48.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47838 is $4,587 per month. Households that rent pay about 15.30% of their income on rent here. 47838’s most expensive areas are in the southwestern 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
- 47865, IN: equally priced homes
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- 47861, IN: higher priced homes
- 47596, IN: less expensive homes
- 62451, IL: less expensive homes
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- 47528, IN: less expensive homes
Zip Codes with Similar Populations
- 23890, VA: higher priced homes
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