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Affordable
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These days, finding an affordable place to live in the 47845 area can be challenging. Home prices in 47845 are now at a median cost of $169,900, lower than the Indiana average of $232,932.
The average cost of rent is $729/mo in 47845, primarily driven by the current value of real estate in the 47845 area. In 47845, 0.00% of households rent, and 63.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47845 is $8,042 per month. Households that rent pay about 9.06% of their income on rent here. 47845’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
- 47438, IN: less expensive homes
- 47855, IN: less expensive homes
- 47858, IN: equally priced homes
- 47879, IN: less expensive homes
- 47866, IN: higher priced homes
- 47841, IN: less expensive homes
- 47848, IN: less expensive homes
- 47850, IN: less expensive homes
- 47441, IN: less expensive homes
- 47882, IN: less expensive homes
Zip Codes with Similar Populations
- 05050, VT: higher priced homes
- 12736, NY: higher priced homes
- 11931, NY: higher priced homes
- 99552, AK: less expensive homes
- 04629, ME: higher priced homes
- 03604, NH: higher priced homes
- 03238, NH: higher priced homes
- 03575, NH: higher priced homes
- 67629, KS: less expensive homes
- 65436, MO: equally priced homes
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