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These days, finding an affordable place to live in the 47991 area can be challenging. Home prices in 47991 are now at a median cost of $148,858, lower than the Indiana average of $232,932.
The average cost of rent is $662/mo in 47991, primarily driven by the current value of real estate in the 47991 area. In 47991, 25.78% of households rent, and 38.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47991 is $7,902 per month. Households that rent pay about 8.38% of their income on rent here. 47991’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
- 47993, IN: higher priced homes
- 47982, IN: higher priced homes
- 47918, IN: higher priced homes
- 47932, IN: higher priced homes
- 61814, IL: equally priced homes
- 61811, IL: less expensive homes
- 47987, IN: equally priced homes
- 61834, IL: less expensive homes
- 47969, IN: higher priced homes
- 61832, IL: less expensive homes
Zip Codes with Similar Populations
- 08608, NJ: higher priced homes
- 42076, KY: higher priced homes
- 16657, PA: higher priced homes
- 13325, NY: equally priced homes
- 12565, NY: higher priced homes
- 12153, NY: higher priced homes
- 93243, CA: higher priced homes
- 08241, NJ: higher priced homes
- 05906, VT: higher priced homes
- 05845, VT: higher priced homes
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