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These days, finding an affordable place to live in the 47842 area can be challenging. Home prices in 47842 are now at a median cost of $135,711, lower than the Indiana average of $232,932.
The average cost of rent is $744/mo in 47842, primarily driven by the current value of real estate in the 47842 area. In 47842, 28.73% of households rent, and 46.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47842 is $5,012 per month. Households that rent pay about 14.84% of their income on rent here. 47842’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern 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
- 47884, IN: higher priced homes
- 47880, IN: higher priced homes
- 47831, IN: less expensive homes
- 47863, IN: less expensive homes
- 47860, IN: less expensive homes
- 47874, IN: higher priced homes
- 47854, IN: higher priced homes
- 47862, IN: less expensive homes
- 47805, IN: higher priced homes
- 61955, IL: higher priced homes
Zip Codes with Similar Populations
- 02045, MA: higher priced homes
- 99518, AK: higher priced homes
- 98606, WA: higher priced homes
- 95006, CA: higher priced homes
- 92567, CA: higher priced homes
- 87801, NM: higher priced homes
- 85087, AZ: higher priced homes
- 81637, CO: higher priced homes
- 80902, CO: higher priced homes
- 80517, CO: higher priced homes
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