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These days, finding an affordable place to live in the 47997 area can be challenging. Home prices in 47997 are now at a median cost of $142,500, lower than the Indiana average of $175,617.
The average cost of rent is $839/mo in 47997, primarily driven by the current value of real estate in the 47997 area. While nearly 29.04% of residents own their homes outright in 47997, 16.26% rent.
Housing affordability isn’t just about home prices, though. The average household income in 47997 is $3,001 per month. Households that rent pay about 27.96% of their income on rent here. 47997's most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Nearby Zip Codes
- 46923, IN: equally priced homes
- 47960, IN: equally priced homes
- 47929, IN: equally priced homes
- 47923, IN: equally priced homes
- 47950, IN: less expensive homes
- 47926, IN: less expensive homes
- 47980, IN: higher priced homes
- 47920, IN: higher priced homes
- 46916, IN: less expensive homes
- 46917, IN: less expensive homes
Zip Codes with Similar Populations
- 67036, KS: less expensive homes
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- 71002, LA: less expensive homes
- 70463, LA: higher priced homes
- 69355, NE: equally priced homes
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- 68821, NE: less expensive homes
- 68444, NE: equally priced homes
- 68042, NE: higher priced homes
- 67953, KS: less expensive homes
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