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These days, finding an affordable place to live in the 47971 area can be challenging. Home prices in 47971 are now at a median cost of $159,493, lower than the Indiana average of $232,932.
The average cost of rent is $702/mo in 47971, primarily driven by the current value of real estate in the 47971 area. In 47971, 16.89% of households rent, and 33.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47971 is $5,549 per month. Households that rent pay about 12.65% of their income on rent here. 47971’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern 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
- 47986, IN: higher priced homes
- 47975, IN: higher priced homes
- 47921, IN: equally priced homes
- 47944, IN: equally priced homes
- 47970, IN: higher priced homes
- 47917, IN: higher priced homes
- 47942, IN: less expensive homes
- 47906, IN: higher priced homes
- 47907, IN: higher priced homes
- 47901, IN: equally priced homes
Zip Codes with Similar Populations
- 10162, NY: higher priced homes
- 13428, NY: equally priced homes
- 56110, MN: equally priced homes
- 72633, AR: equally priced homes
- 71272, LA: higher priced homes
- 68979, NE: equally priced homes
- 66050, KS: higher priced homes
- 62037, IL: higher priced homes
- 58722, ND: higher priced homes
- 58622, ND: higher priced homes
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