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These days, finding an affordable place to live in the 47951 area can be challenging. Home prices in 47951 are now at a median cost of $83,801, lower than the Indiana average of $175,617.
The average cost of rent is $704/mo in 47951, primarily driven by the current value of real estate in the 47951 area. While nearly 44.52% of residents own their homes outright in 47951, 25.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47951 is $4,755 per month. Households that rent pay about 14.81% of their income on rent here. 47951's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 47942, IN: higher priced homes
- 60966, IL: less expensive homes
- 47922, IN: equally priced homes
- 60945, IL: equally priced homes
- 47948, IN: equally priced homes
- 60931, IL: equally priced homes
- 47944, IN: higher priced homes
- 60970, IL: higher priced homes
- 60974, IL: higher priced homes
- 47977, IN: higher priced homes
Zip Codes with Similar Populations
- 37309, TN: higher priced homes
- 65772, MO: higher priced homes
- 53093, WI: higher priced homes
- 55019, MN: higher priced homes
- 55939, MN: higher priced homes
- 56284, MN: higher priced homes
- 57003, SD: higher priced homes
- 57745, SD: higher priced homes
- 60922, IL: higher priced homes
- 61030, IL: higher priced homes
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