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These days, finding an affordable place to live in the 47862 area can be challenging. Home prices in 47862 are now at a median cost of $98,176, lower than the Indiana average of $232,932.
The average cost of rent is $851/mo in 47862, primarily driven by the current value of real estate in the 47862 area. In 47862, 21.84% of households rent, and 49.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47862 is $5,389 per month. Households that rent pay about 15.79% of their income on rent here. 47862’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern 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
- 47854, IN: higher priced homes
- 47860, IN: less expensive homes
- 47832, IN: higher priced homes
- 47966, IN: higher priced homes
- 47847, IN: higher priced homes
- 47842, IN: higher priced homes
- 47872, IN: higher priced homes
- 47859, IN: higher priced homes
- 47874, IN: higher priced homes
- 47831, IN: higher priced homes
Zip Codes with Similar Populations
- 50046, IA: higher priced homes
- 73566, OK: equally priced homes
- 72157, AR: higher priced homes
- 62932, IL: less expensive homes
- 56655, MN: higher priced homes
- 56587, MN: higher priced homes
- 55312, MN: higher priced homes
- 53936, WI: higher priced homes
- 52041, IA: higher priced homes
- 50166, IA: higher priced homes
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