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Affordable
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These days, finding an affordable place to live in the 47871 area can be challenging. Home prices in 47871 are now at a median cost of $251,500, higher than the Indiana average of $232,932.
The average cost of rent is $900/mo in 47871, primarily driven by the current value of real estate in the 47871 area. In 47871, 13.12% of households rent, and 26.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47871 is $8,339 per month. Households that rent pay about 10.79% of their income on rent here. 47871’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
- 47802, IN: less expensive homes
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- 47850, IN: less expensive homes
Zip Codes with Similar Populations
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