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Affordable
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These days, finding an affordable place to live in the 47872 area can be challenging. Home prices in 47872 are now at a median cost of $186,479, lower than the Indiana average of $232,932.
The average cost of rent is $735/mo in 47872, primarily driven by the current value of real estate in the 47872 area. In 47872, 19.82% of households rent, and 49.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47872 is $6,040 per month. Households that rent pay about 12.16% of their income on rent here. 47872’s most expensive areas are in the eastern 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
- 47832, IN: less expensive homes
- 47859, IN: less expensive homes
- 47860, IN: less expensive homes
- 47836, IN: higher priced homes
- 47862, IN: less expensive homes
- 47837, IN: equally priced homes
- 47989, IN: less expensive homes
- 47874, IN: less expensive homes
- 47854, IN: less expensive homes
- 46175, IN: higher priced homes
Zip Codes with Similar Populations
- 98815, WA: higher priced homes
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- 33597, FL: higher priced homes
- 33548, FL: higher priced homes
- 32448, FL: less expensive homes
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