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These days, finding an affordable place to live in the 47940 area can be challenging. Home prices in 47940 are now at a median cost of $138,309, lower than the Indiana average of $175,617.
The average cost of rent is $810/mo in 47940, primarily driven by the current value of real estate in the 47940 area. While nearly 30.74% of residents own their homes outright in 47940, 13.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47940 is $6,128 per month. Households that rent pay about 13.22% of their income on rent here. 47940's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 46035, IN: less expensive homes
- 46071, IN: higher priced homes
- 47955, IN: less expensive homes
- 47933, IN: equally priced homes
- 47930, IN: equally priced homes
- 47983, IN: higher priced homes
- 47981, IN: higher priced homes
- 47967, IN: less expensive homes
- 47990, IN: equally priced homes
- 46052, IN: higher priced homes
Zip Codes with Similar Populations
- 84307, UT: higher priced homes
- 97541, OR: higher priced homes
- 12125, NY: higher priced homes
- 57572, SD: less expensive homes
- 62354, IL: equally priced homes
- 85553, AZ: higher priced homes
- 62262, IL: less expensive homes
- 86444, AZ: less expensive homes
- 61759, IL: equally priced homes
- 92086, CA: higher priced homes
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