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These days, finding an affordable place to live in the 47948 area can be challenging. Home prices in 47948 are now at a median cost of $122,121, lower than the Indiana average of $232,932.
The average cost of rent is $871/mo in 47948, primarily driven by the current value of real estate in the 47948 area. In 47948, 20.13% of households rent, and 36.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47948 is $5,362 per month. Households that rent pay about 16.25% of their income on rent here. 47948’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 47977, IN: higher priced homes
- 47922, IN: higher priced homes
- 47951, IN: less expensive homes
- 47942, IN: less expensive homes
- 47944, IN: higher priced homes
- 47995, IN: higher priced homes
- 60966, IL: less expensive homes
- 60945, IL: less expensive homes
- 60931, IL: less expensive homes
- 47980, IN: higher priced homes
Zip Codes with Similar Populations
- 05769, VT: higher priced homes
- 25938, WV: less expensive homes
- 25262, WV: higher priced homes
- 20684, MD: higher priced homes
- 20621, MD: higher priced homes
- 16935, PA: higher priced homes
- 16874, PA: higher priced homes
- 16020, PA: higher priced homes
- 15673, PA: higher priced homes
- 13464, NY: less expensive homes
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