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These days, finding an affordable place to live in the 47987 area can be challenging. Home prices in 47987 are now at a median cost of $107,854, lower than the Indiana average of $175,617.
The average cost of rent is $771/mo in 47987, primarily driven by the current value of real estate in the 47987 area. While nearly 45.46% of residents own their homes outright in 47987, 16.12% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47987 is $5,051 per month. Households that rent pay about 15.26% of their income on rent here. 47987's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 47949, IN: equally priced homes
- 47958, IN: higher priced homes
- 47932, IN: higher priced homes
- 47969, IN: higher priced homes
- 47994, IN: less expensive homes
- 47990, IN: higher priced homes
- 47974, IN: less expensive homes
- 47993, IN: equally priced homes
- 47991, IN: equally priced homes
- 47967, IN: equally priced homes
Zip Codes with Similar Populations
- 27883, NC: equally priced homes
- 73542, OK: less expensive homes
- 72576, AR: less expensive homes
- 72046, AR: equally priced homes
- 71486, LA: equally priced homes
- 71350, LA: equally priced homes
- 70770, LA: higher priced homes
- 68372, NE: higher priced homes
- 67025, KS: higher priced homes
- 66045, KS: higher priced homes
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