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These days, finding an affordable place to live in the 47855 area can be challenging. Home prices in 47855 are now at a median cost of $97,355, lower than the Indiana average of $232,932.
The average cost of rent is $869/mo in 47855, primarily driven by the current value of real estate in the 47855 area. In 47855, 28.90% of households rent, and 33.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47855 is $4,619 per month. Households that rent pay about 18.81% of their income on rent here. 47855’s most expensive areas are in the northern regions, while the cheapest areas are in the southern 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
- 47845, IN: higher priced homes
- 47879, IN: equally priced homes
- 47438, IN: higher priced homes
- 47858, IN: higher priced homes
- 47850, IN: higher priced homes
- 47866, IN: higher priced homes
- 47882, IN: higher priced homes
- 47848, IN: higher priced homes
- 47841, IN: higher priced homes
- 47441, IN: higher priced homes
Zip Codes with Similar Populations
- 53526, WI: higher priced homes
- 76519, TX: higher priced homes
- 74641, OK: higher priced homes
- 74367, OK: higher priced homes
- 58230, ND: higher priced homes
- 57450, SD: higher priced homes
- 57427, SD: higher priced homes
- 56355, MN: higher priced homes
- 56216, MN: higher priced homes
- 55798, MN: higher priced homes
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