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These days, finding an affordable place to live in the 47851 area can be challenging. Home prices in 47851 are now at a median cost of $174,100, lower than the Indiana average of $232,932.
The average cost of rent is $837/mo in 47851, primarily driven by the current value of real estate in the 47851 area. In 47851, 9.34% of households rent, and 40.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47851 is $5,083 per month. Households that rent pay about 16.47% of their income on rent here. 47851’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
- 47874, IN: less expensive homes
- 47805, IN: equally priced homes
- 47881, IN: less expensive homes
- 47836, IN: higher priced homes
- 47834, IN: equally priced homes
- 47837, IN: higher priced homes
- 47803, IN: equally priced homes
- 47857, IN: less expensive homes
- 47804, IN: less expensive homes
- 47880, IN: higher priced homes
Zip Codes with Similar Populations
- 26546, WV: higher priced homes
- 85654, AZ: higher priced homes
- 85535, AZ: higher priced homes
- 85341, AZ: less expensive homes
- 85329, AZ: higher priced homes
- 85239, AZ: equally priced homes
- 84012, UT: higher priced homes
- 83826, ID: higher priced homes
- 83671, ID: higher priced homes
- 83601, ID: higher priced homes
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