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These days, finding an affordable place to live in the 47863 area can be challenging. Home prices in 47863 are now at a median cost of $94,800, lower than the Indiana average of $175,617.
The average cost of rent is $448/mo in 47863, primarily driven by the current value of real estate in the 47863 area. While nearly 40.51% of residents own their homes outright in 47863, 0.00% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47863 is $5,623 per month. Households that rent pay about 7.97% of their income on rent here. 47863's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 47880, IN: higher priced homes
- 47884, IN: higher priced homes
- 47876, IN: less expensive homes
- 47885, IN: higher priced homes
- 47842, IN: equally priced homes
- 47805, IN: higher priced homes
- 47804, IN: less expensive homes
- 61955, IL: less expensive homes
- 47831, IN: less expensive homes
- 47809, IN: higher priced homes
Zip Codes with Similar Populations
- 67659, KS: less expensive homes
- 70580, LA: less expensive homes
- 70513, LA: higher priced homes
- 69351, NE: higher priced homes
- 69221, NE: higher priced homes
- 69161, NE: higher priced homes
- 68923, NE: higher priced homes
- 68719, NE: equally priced homes
- 68375, NE: less expensive homes
- 70773, LA: higher priced homes
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