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Affordable
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These days, finding an affordable place to live in the 47880 area can be challenging. Home prices in 47880 are now at a median cost of $245,700, higher than the Indiana average of $232,932.
The average cost of rent is $637/mo in 47880, primarily driven by the current value of real estate in the 47880 area. In 47880, 2.29% of households rent, and 58.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47880 is $7,107 per month. Households that rent pay about 8.96% of their income on rent here. 47880’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
- 47884, IN: less expensive homes
- 47863, IN: less expensive homes
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- 47874, IN: less expensive homes
- 47876, IN: less expensive homes
- 47831, IN: less expensive homes
- 47851, IN: less expensive homes
- 61955, IL: less expensive homes
- 47860, IN: less expensive homes
Zip Codes with Similar Populations
- 26838, WV: equally priced homes
- 87070, NM: less expensive homes
- 87011, NM: less expensive homes
- 86443, AZ: higher priced homes
- 86003, AZ: less expensive homes
- 84753, UT: higher priced homes
- 84008, UT: equally priced homes
- 82845, WY: higher priced homes
- 30664, GA: less expensive homes
- 30464, GA: less expensive homes
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