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These days, finding an affordable place to live in the 47846 area can be challenging. Home prices in 47846 are now at a median cost of $124,012, lower than the Indiana average of $232,932.
The average cost of rent is $807/mo in 47846, primarily driven by the current value of real estate in the 47846 area. In 47846, 5.30% of households rent, and 38.36% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47846 is $7,502 per month. Households that rent pay about 10.75% of their income on rent here. 47846’s most expensive areas are in the eastern 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
- 47871, IN: higher priced homes
- 47840, IN: higher priced homes
- 47841, IN: higher priced homes
- 47881, IN: higher priced homes
- 47858, IN: higher priced homes
- 47866, IN: higher priced homes
- 47803, IN: higher priced homes
- 47802, IN: higher priced homes
- 47833, IN: higher priced homes
- 47427, IN: equally priced homes
Zip Codes with Similar Populations
- 04772, ME: higher priced homes
- 10535, NY: higher priced homes
- 08350, NJ: higher priced homes
- 64440, MO: higher priced homes
- 61872, IL: higher priced homes
- 62054, IL: equally priced homes
- 62217, IL: equally priced homes
- 62268, IL: higher priced homes
- 62421, IL: higher priced homes
- 62682, IL: less expensive homes
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