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These days, finding an affordable place to live in the 47986 area can be challenging. Home prices in 47986 are now at a median cost of $195,500, lower than the Indiana average of $232,932.
The average cost of rent is $792/mo in 47986, primarily driven by the current value of real estate in the 47986 area. In 47986, 6.67% of households rent, and 44.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47986 is $6,949 per month. Households that rent pay about 11.40% of their income on rent here. 47986’s most expensive areas are in the central regions, while the cheapest areas are in the central 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
- 47971, IN: less expensive homes
- 47975, IN: equally priced homes
- 47970, IN: equally priced homes
- 47921, IN: less expensive homes
- 47944, IN: less expensive homes
- 47906, IN: higher priced homes
- 47917, IN: higher priced homes
- 47907, IN: higher priced homes
- 47942, IN: less expensive homes
- 47901, IN: less expensive homes
Zip Codes with Similar Populations
- 24570, VA: less expensive homes
- 29079, SC: less expensive homes
- 28672, NC: higher priced homes
- 28108, NC: higher priced homes
- 28039, NC: less expensive homes
- 26435, WV: less expensive homes
- 26236, WV: less expensive homes
- 97917, OR: higher priced homes
- 25544, WV: less expensive homes
- 25231, WV: less expensive homes
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