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These days, finding an affordable place to live in the 47918 area can be challenging. Home prices in 47918 are now at a median cost of $165,478, lower than the Indiana average of $232,932.
The average cost of rent is $843/mo in 47918, primarily driven by the current value of real estate in the 47918 area. In 47918, 22.94% of households rent, and 37.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47918 is $6,022 per month. Households that rent pay about 14.00% of their income on rent here. 47918’s most expensive areas are in the northern regions, while the cheapest areas are in the western 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
- 47993, IN: equally priced homes
- 47969, IN: equally priced homes
- 47991, IN: less expensive homes
- 47992, IN: higher priced homes
- 47975, IN: higher priced homes
- 47970, IN: higher priced homes
- 47981, IN: higher priced homes
- 47907, IN: higher priced homes
- 47909, IN: higher priced homes
- 47917, IN: higher priced homes
Zip Codes with Similar Populations
- 37096, TN: less expensive homes
- 47610, IN: higher priced homes
- 47353, IN: equally priced homes
- 45226, OH: higher priced homes
- 44842, OH: higher priced homes
- 44243, OH: higher priced homes
- 43465, OH: equally priced homes
- 42717, KY: equally priced homes
- 42544, KY: equally priced homes
- 41169, KY: equally priced homes
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