The Most Affordable Neighborhoods in 47847, IN by Home Value

 

47847, IN Map of Most Affordable Neighborhoods
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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.


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