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These days, finding an affordable place to live in the 47960 area can be challenging. Home prices in 47960 are now at a median cost of $191,283, lower than the Indiana average of $232,932.
The average cost of rent is $915/mo in 47960, primarily driven by the current value of real estate in the 47960 area. In 47960, 18.73% of households rent, and 36.62% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47960 is $5,482 per month. Households that rent pay about 16.68% of their income on rent here. 47960’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern 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
- 47950, IN: less expensive homes
- 47980, IN: equally priced homes
- 47997, IN: equally priced homes
- 47925, IN: less expensive homes
- 47929, IN: equally priced homes
- 47926, IN: less expensive homes
- 47959, IN: less expensive homes
- 47923, IN: equally priced homes
- 46916, IN: less expensive homes
- 47995, IN: less expensive homes
Zip Codes with Similar Populations
- 77905, TX: higher priced homes
- 20650, MD: higher priced homes
- 21074, MD: higher priced homes
- 22209, VA: higher priced homes
- 25401, WV: higher priced homes
- 26041, WV: less expensive homes
- 28023, NC: higher priced homes
- 28801, NC: higher priced homes
- 29153, SC: less expensive homes
- 80925, CO: higher priced homes
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