47408 Zip Code First-Time Homebuyer Report for October

47408 is a larger than average zip code in Indiana that has seen a 15.7% increase in population over the last 10 years. It also has a total population of 26,354. Homes in the 47408 zip code are relatively old with a median age of 33 years. The top school in the zip code is Childs Elementary School.


According to Foursquare, Lake Lemon is the most popular outdoor attraction in 47408. If you're looking to get a drink, a favorite is Butler Winery. And then for shopping, you might enjoy Lakeside IGA.

Price Range

Some of the more expensive homes in Indiana are in the 47408 zip code with a median home value of $171,000 and an average list price for available homes currently at $192,974. The 47408 zip code market saw sales remain flat this week with two homes sold over the last 30 days, while new listings rose to one.

Curious as to which homes have been getting the most attention in the 47408 zip code? These listings have stirred up interest and produced the most views:

$235K   $114K   $175K  

Typical Dwelling

The typical dwelling in the 47408 zip code is a three-bedroom detached home worth about $184,588. To purchase a similar home, a buyer with good credit and a $36,918 cash down payment could obtain a mortgage with a 3.95% interest rate and a $352 monthly payment. The property tax rate is $8.70 per $1,000 of taxable assessed value.

Get started right now by checking out 47408 homes for sale or reviewing 47408 real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Griffin Realty
Snapped 1 home in this area

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