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These days, finding an affordable place to live in the 47847 area can be challenging. Home prices in 47847 are now at a median cost of $73,511, lower than the Indiana average of $175,617.
The average cost of rent is $613/mo in 47847, primarily driven by the current value of real estate in the 47847 area. While nearly 50.20% of residents own their homes outright in 47847, 10.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47847 is $4,500 per month. Households that rent pay about 13.62% of their income on rent here. 47847's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the zip.
Nearby Zip Codes
- 47854, IN: higher priced homes
- 47966, IN: higher priced homes
- 47862, IN: higher priced homes
- 61924, IL: higher priced homes
- 47928, IN: equally priced homes
- 61870, IL: equally priced homes
- 47860, IN: less expensive homes
- 47832, IN: higher priced homes
- 61846, IL: equally priced homes
- 47952, IN: higher priced homes
Zip Codes with Similar Populations
- 78632, TX: higher priced homes
- 22472, VA: higher priced homes
- 24245, VA: higher priced homes
- 26134, WV: higher priced homes
- 26705, WV: higher priced homes
- 28434, NC: higher priced homes
- 29934, SC: higher priced homes
- 30545, GA: higher priced homes
- 31638, GA: higher priced homes
- 36749, AL: higher priced homes
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