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These days, finding an affordable place to live in the 47916 area can be challenging. Home prices in 47916 are now at a median cost of $144,700, lower than the Indiana average of $232,932.
The average cost of rent is $682/mo in 47916, primarily driven by the current value of real estate in the 47916 area. In 47916, 4.41% of households rent, and 58.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47916 is $6,172 per month. Households that rent pay about 11.05% of their income on rent here. 47916’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
- 47990, IN: equally priced homes
- 47989, IN: equally priced homes
- 47965, IN: higher priced homes
- 47949, IN: equally priced homes
- 47933, IN: higher priced homes
- 47859, IN: higher priced homes
- 46175, IN: higher priced homes
- 47952, IN: less expensive homes
- 47832, IN: equally priced homes
- 47954, IN: higher priced homes
Zip Codes with Similar Populations
- 65728, MO: higher priced homes
- 76848, TX: higher priced homes
- 76565, TX: higher priced homes
- 75848, TX: equally priced homes
- 74360, OK: higher priced homes
- 74068, OK: higher priced homes
- 73946, OK: equally priced homes
- 67559, KS: less expensive homes
- 66522, KS: higher priced homes
- 76873, TX: less expensive homes
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