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These days, finding an affordable place to live in the 47848 area can be challenging. Home prices in 47848 are now at a median cost of $109,560, lower than the Indiana average of $175,617.
The average cost of rent is $619/mo in 47848, primarily driven by the current value of real estate in the 47848 area. While nearly 44.95% of residents own their homes outright in 47848, 22.13% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47848 is $4,668 per month. Households that rent pay about 13.26% of their income on rent here. 47848's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the zip.
Nearby Zip Codes
- 47441, IN: equally priced homes
- 47438, IN: less expensive homes
- 47865, IN: less expensive homes
- 47882, IN: equally priced homes
- 47855, IN: equally priced homes
- 47845, IN: less expensive homes
- 47838, IN: less expensive homes
- 47443, IN: less expensive homes
- 47879, IN: less expensive homes
- 47465, IN: less expensive homes
Zip Codes with Similar Populations
- 01262, MA: higher priced homes
- 78019, TX: less expensive homes
- 78872, TX: less expensive homes
- 80454, CO: higher priced homes
- 25446, WV: higher priced homes
- 25070, WV: higher priced homes
- 24534, VA: equally priced homes
- 17518, PA: higher priced homes
- 15344, PA: equally priced homes
- 14054, NY: higher priced homes
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