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These days, finding an affordable place to live in the 47881 area can be challenging. Home prices in 47881 are now at a median cost of $110,700, lower than the Indiana average of $175,617.
The average cost of rent is $811/mo in 47881, primarily driven by the current value of real estate in the 47881 area. While nearly 44.73% of residents own their homes outright in 47881, 14.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47881 is $5,694 per month. Households that rent pay about 14.24% of their income on rent here. 47881's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the zip.
Nearby Zip Codes
- 47834, IN: equally priced homes
- 47857, IN: equally priced homes
- 47851, IN: higher priced homes
- 47853, IN: equally priced homes
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- 47840, IN: higher priced homes
- 47803, IN: higher priced homes
- 47871, IN: higher priced homes
- 47805, IN: higher priced homes
- 47804, IN: less expensive homes
Zip Codes with Similar Populations
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- 58472, ND: higher priced homes
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- 59927, MT: higher priced homes
- 61312, IL: higher priced homes
- 61532, IL: less expensive homes
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