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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 $188,600, lower than the Indiana average of $232,932.
The average cost of rent is $727/mo in 47997, primarily driven by the current value of real estate in the 47997 area. In 47997, 9.14% of households rent, and 31.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 47997 is $4,086 per month. Households that rent pay about 17.79% 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.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally priced homes
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- 46916, IN: less expensive homes
- 46917, IN: less expensive homes
Zip Codes with Similar Populations
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