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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 $115,900, lower than the Indiana average of $232,932.
The average cost of rent is $637/mo in 47863, primarily driven by the current value of real estate in the 47863 area. In 47863, 8.83% of households rent, and 42.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47863 is $6,771 per month. Households that rent pay about 9.41% of their income on rent here. 47863’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
- 47880, IN: higher priced homes
- 47884, IN: higher priced homes
- 47876, IN: higher priced homes
- 47885, IN: higher priced homes
- 47842, IN: higher priced homes
- 47805, IN: higher priced homes
- 47804, IN: less expensive homes
- 61955, IL: higher priced homes
- 47831, IN: equally priced homes
- 47809, IN: higher priced homes
Zip Codes with Similar Populations
- 67659, KS: less expensive homes
- 70580, LA: less expensive homes
- 70513, LA: equally 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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