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These days, finding an affordable place to live in the 47963 area can be challenging. Home prices in 47963 are now at a median cost of $184,604, lower than the Indiana average of $232,932.
The average cost of rent is $858/mo in 47963, primarily driven by the current value of real estate in the 47963 area. In 47963, 16.37% of households rent, and 50.43% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47963 is $6,484 per month. Households that rent pay about 13.22% of their income on rent here. 47963’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern 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
- 47922, IN: less expensive homes
- 47964, IN: higher priced homes
- 60931, IL: less expensive homes
- 60912, IL: less expensive homes
- 60958, IL: less expensive homes
- 60945, IL: less expensive homes
- 47943, IN: higher priced homes
- 60956, IL: less expensive homes
- 47978, IN: higher priced homes
- 60951, IL: less expensive homes
Zip Codes with Similar Populations
- 02898, RI: higher priced homes
- 73048, OK: less expensive homes
- 72642, AR: higher priced homes
- 72619, AR: less expensive homes
- 71110, LA: higher priced homes
- 55031, MN: higher priced homes
- 50851, IA: less expensive homes
- 49896, MI: equally priced homes
- 49680, MI: equally priced homes
- 76578, TX: higher priced homes
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