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These days, finding an affordable place to live in the 47860 area can be challenging. Home prices in 47860 are now at a median cost of $84,200, lower than the Indiana average of $232,932.
The average cost of rent is $587/mo in 47860, primarily driven by the current value of real estate in the 47860 area. In 47860, 36.08% of households rent, and 44.79% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47860 is $4,836 per month. Households that rent pay about 12.14% of their income on rent here. 47860’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
- 47862, IN: higher priced homes
- 47854, IN: higher priced homes
- 47842, IN: higher priced homes
- 47874, IN: higher priced homes
- 47872, IN: higher priced homes
- 47832, IN: higher priced homes
- 47884, IN: higher priced homes
- 47880, IN: higher priced homes
- 47836, IN: higher priced homes
- 47847, IN: higher priced homes
Zip Codes with Similar Populations
- 67647, KS: higher priced homes
- 57424, SD: higher priced homes
- 57538, SD: higher priced homes
- 57585, SD: higher priced homes
- 57646, SD: higher priced homes
- 58004, ND: higher priced homes
- 58049, ND: higher priced homes
- 58250, ND: higher priced homes
- 58365, ND: less expensive homes
- 58464, ND: higher priced homes
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