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These days, finding an affordable place to live in the 47861 area can be challenging. Home prices in 47861 are now at a median cost of $158,605, lower than the Indiana average of $175,617.
The average cost of rent is $992/mo in 47861, primarily driven by the current value of real estate in the 47861 area. While nearly 49.09% of residents own their homes outright in 47861, 12.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47861 is $5,934 per month. Households that rent pay about 16.71% of their income on rent here. 47861's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
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- 62464, IL: less expensive homes
Zip Codes with Similar Populations
- 51448, IA: less expensive homes
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- 69345, NE: higher priced homes
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