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These days, finding an affordable place to live in the 47840 area can be challenging. Home prices in 47840 are now at a median cost of $122,303, lower than the Indiana average of $175,617.
The average cost of rent is $529/mo in 47840, primarily driven by the current value of real estate in the 47840 area. While nearly 28.01% of residents own their homes outright in 47840, 13.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47840 is $6,208 per month. Households that rent pay about 8.53% of their income on rent here. 47840's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 47833, IN: equally priced homes
- 47846, IN: equally priced homes
- 47857, IN: equally priced homes
- 47881, IN: less expensive homes
- 47834, IN: equally priced homes
- 47853, IN: less expensive homes
- 47455, IN: equally priced homes
- 47868, IN: equally priced homes
- 46171, IN: higher priced homes
- 47871, IN: higher priced homes
Zip Codes with Similar Populations
- 15338, PA: less expensive homes
- 67119, KS: less expensive homes
- 67330, KS: less expensive homes
- 64470, MO: less expensive homes
- 64444, MO: higher priced homes
- 62084, IL: less expensive homes
- 61747, IL: higher priced homes
- 61283, IL: equally priced homes
- 61051, IL: less expensive homes
- 61031, IL: less expensive homes
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