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These days, finding an affordable place to live in the 47874 area can be challenging. Home prices in 47874 are now at a median cost of $157,758, lower than the Indiana average of $232,932.
The average cost of rent is $776/mo in 47874, primarily driven by the current value of real estate in the 47874 area. In 47874, 12.24% of households rent, and 45.77% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47874 is $4,958 per month. Households that rent pay about 15.65% of their income on rent here. 47874’s most expensive areas are in the northern 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
- 47851, IN: higher priced homes
- 47805, IN: higher priced homes
- 47880, IN: higher priced homes
- 47836, IN: higher priced homes
- 47860, IN: less expensive homes
- 47842, IN: less expensive homes
- 47884, IN: equally priced homes
- 47863, IN: less expensive homes
- 47837, IN: higher priced homes
- 47872, IN: higher priced homes
Zip Codes with Similar Populations
- 71429, LA: less expensive homes
- 01225, MA: higher priced homes
- 50212, IA: higher priced homes
- 52342, IA: less expensive homes
- 54121, WI: higher priced homes
- 56062, MN: higher priced homes
- 56358, MN: higher priced homes
- 60301, IL: higher priced homes
- 63933, MO: less expensive homes
- 64640, MO: higher priced homes
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