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These days, finding an affordable place to live in the 47885 area can be challenging. Home prices in 47885 are now at a median cost of $120,438, lower than the Indiana average of $175,617.
The average cost of rent is $775/mo in 47885, primarily driven by the current value of real estate in the 47885 area. While nearly 45.41% of residents own their homes outright in 47885, 16.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47885 is $5,286 per month. Households that rent pay about 14.67% of their income on rent here. 47885's most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 47876, IN: less expensive homes
- 47809, IN: equally priced homes
- 47804, IN: less expensive homes
- 47807, IN: less expensive homes
- 62423, IL: higher priced homes
- 47863, IN: less expensive homes
- 47803, IN: higher priced homes
- 47805, IN: higher priced homes
- 47802, IN: higher priced homes
- 61955, IL: less expensive homes
Zip Codes with Similar Populations
- 87059, NM: higher priced homes
- 93926, CA: higher priced homes
- 12803, NY: higher priced homes
- 13350, NY: equally priced homes
- 14059, NY: higher priced homes
- 15632, PA: higher priced homes
- 16059, PA: higher priced homes
- 93219, CA: higher priced homes
- 92241, CA: equally priced homes
- 12571, NY: higher priced homes
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