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Affordable
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These days, finding an affordable place to live in the 47906 area can be challenging. Home prices in 47906 are now at a median cost of $306,548, higher than the Indiana average of $232,932.
The average cost of rent is $1,213/mo in 47906, primarily driven by the current value of real estate in the 47906 area. In 47906, 56.63% of households rent, and 38.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47906 is $5,332 per month. Households that rent pay about 22.75% of their income on rent here. 47906’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern 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
- 47907, IN: less expensive homes
- 47901, IN: less expensive homes
- 47904, IN: less expensive homes
- 47905, IN: less expensive homes
- 47909, IN: less expensive homes
- 47920, IN: less expensive homes
- 47924, IN: less expensive homes
- 47970, IN: less expensive homes
- 47941, IN: less expensive homes
- 47992, IN: less expensive homes
Zip Codes with Similar Populations
- 10466, NY: higher priced homes
- 10453, NY: higher priced homes
- 10029, NY: higher priced homes
- 10458, NY: higher priced homes
- 10002, NY: higher priced homes
- 95747, CA: higher priced homes
- 10463, NY: higher priced homes
- 00725, PR: less expensive homes
- 10468, NY: equally priced homes
- 93065, CA: higher priced homes
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